Master Diploma in Islamic Finance (MDIF):

More than 1,000 Islamic financial institutions actively work in Muslim and non-Muslim countries, making Islamic finance one of the most rapidly expanding industries. IFIs annually require around 20,000 individuals with a solid grasp of Islamic finance applications. AIMS’ Master Diploma in Islamic Finance (MDIF) program is designed to produce Islamic finance experts who can meet the market’s expectations. The postgraduate diploma in Islamic banking and finance is job-oriented, globally recognized, AAOIFI Shariah compliant, and UK accredited. Reputable scholars and practitioners designed the program, requiring no prior education or experience. Islamic banking diploma develops experienced professionals with a comprehensive understanding of Shariah laws and rulings regarding Islamic finance. Students get diverse abilities for “Employment” and “Consultancy”.

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Level-6 Diploma in Islamic Banking and Finance

AIMS is officially registered with the UKRLP and holds CPD accreditation in the United Kingdom. The Master Diploma in Islamic Finance (MDIF) has an equivalent worth to the RQF Level-6 Diploma (Graduate Diploma), with 27 credit hours. MDIF follows the regulations of Ofqual for the Regulated Qualifications Framework and the Shariah Standards by AAOIFI. Furthermore, the postgraduate diploma in Islamic banking and finance is crucial in pursuing a Master’s in Islamic Finance and a PhD in Islamic Finance degrees.

MDIF Knowledge & Skills Objectives!

  • Islamic Economics, Islamic Microeconomics, and AAOIFI Shariah Rulings.

  • Design, Implement, and Manage Islamic Commercial & Investment Banking Products and Services.

  • Financial Engineering, Risk Management, and AAOIFI Auditing Guidelines for IFIs.

  • Contractual Mechanisms and AAOIFI Accounting Standards for Islamic Finance Products and Services.

  • Development and Management of General and Family Takaful Products and Services.

  • Islamic Finance Product Design and Implementation through Real World Project.

Islamic Finance Diploma: A Quick Review

Study Mode100% Online Education through Self-paced learning.
Estimated Duration4-5 months.
Study ResourcesInteractive online lectures.
Comprehensive study manual for every course.
24/7 Educational support by leading scholars.
Online Islamic Banking and Finance Library.
14 online Assignments for progress monitoring.
Real World Project to excel in practical skills.
BonusCIB and CIFE certifications upon completion of Semester I.
MDIF diploma on completion of Semester II.
Number of CoursesEight courses, divided into two semesters.
Study Requirements10 to 12 hours of study in a week.
Certificates IncludedCertified Islamic Banker (CIB),
Certified Takaful Professional (CTP),
Certified Islamic Finance Expert (CIFE), and,
Master Diploma in Islamic Finance (MDIF).

Islamic Finance Programs

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How to Achieve the Islamic Banking Diploma Online?

The unique advantage of our Postgraduate Diploma in Islamic Banking and Finance lies in its adaptable structure. Our online Enrollment Form gives you direct access to top-tier online lectures, study guides, vast e-library resources, and expert faculty support. With this, professionals and students can study for the online diploma in Islamic banking and finance anywhere, whenever convenient, and then take the final examination on their available schedule.

post graduate diploma in islamic banking and finance

MDIF Program Structure

During the program, students study 8 courses over two levels. Here are some additional benefits of MDIF:

  • Upon Completing Level 2, students earn the Certified Takaful Professional (CTP) and Master Diploma in Islamic Finance (MDIF).

diploma in Islamic banking

Islamic Finance Diploma Curriculum!

MDIF Semester I comprises 5 courses, and it covers the following areas:

  • Principles and origins of the Islamic economic system.
  • Shariah prohibited elements such as Riba, Maysir, and Gharar.
  • Shariah-compliant transactions (Fiqh-Ul-Muamlaat).
  • Islamic financial instruments including Murabahah, Musharakah, Salam, Istisna, and Ijarah.
  • Shariah-compliant investment and commercial banking systems.
  • Sukuk (Islamic Bonds) and Project Financing products.
  • AAOIFI Shariah and Accounting standards
  • Takaful (Islamic Insurance).

MDIF Semester II comprises three courses that cover advanced areas of Islamic finance and a real-world project. It includes a detailed study of:

  • Islamic Microeconomics.
  • Islamic Economic Planning.
  • Fiscal policy, Islamic monetary policy, and Bait-Ul-Maal.
  • Advanced Islamic financial services and product design.
  • Development of Islamic securities and Sukuk.
  • Risk management in Islamic Finance and AAOIFI Shariah compliance for IFIs.
  • Conversion from conventional to Islamic bank.
  • A Capstone project that requires students to design and implement a Shariah-compliant Islamic financial product.

Here are details on MDIF Curriculum and our 35% Fee Scholarship offer.

Hear from Our Global Learners!

“I earned my MDIF from AIMS, which far exceeded my expectations. During my post graduate diploma in Islamic banking and finance studies, I experienced a unique way of learning. The training approach of AIMS is both theoretical and practical. One can easily complete the studies at their own pace. The assignments given at the end of each module are helpful to implant the main knowledge. I was awarded by CIB and CIFE when I completed the first semester. I highly recommend this Islamic banking diploma to anyone who wants to secure a high-value career in the finance.”

Dr. Hajer Zarrouk Ouafi, Lecturer, Emirates College of Technology, UAE.

“AIMS has transformed my career with its diploma in Islamic Banking and Finance. The flexible structure allowed me to balance work and study seamlessly. The comprehensive resources and expert faculty support were instrumental in my success. After graduating, I feel confident in my knowledge and skills, ready to advance in the Islamic finance industry. Highly recommended for anyone seeking a thorough and convenient learning experience.”

Aisha Khan, USA

“Enrolling in AIMS Education’s Diploma in Islamic Banking and Finance was a great decision for my career growth. The program’s structure allowed me to learn at my own pace, which was perfect for my busy schedule. The faculty’s expertise and the quality of the online resources were outstanding. This Islamic finance diploma has significantly boosted my confidence and understanding of Islamic banking principles. I highly recommend AIMS to anyone seeking career and growth in Islamic banking and finance”.

Mohammed Ali, Saudi Arabia
diploma in Islamic finance
Islamic banking diploma

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    Key Features of MDIF

    • Globally Recognized Qualification

      The postgraduate diploma in Islamic finance and banking at AIMS Institute for Islamic Banking and Finance has had an outstanding reputation since 2005. Our graduates perform key roles in Islamic banks, takaful, and other Islamic financial institutions worldwide.

    • Leads to Higher Education

      After successfully finishing Semester I, students earn the distinctions of Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE). Completing Semester II brings the Certified Takaful Professional (CTP) certification and the crowning achievement, the Master Diploma in Islamic Finance (MDIF). Those holding a postgraduate diploma in Islamic banking and finance are eligible to transfer 27 credits of graduate studies toward a Master’s degree in Islamic Finance.

    • Develop Real World Expertise

      Students with our postgraduate diploma in Islamic banking and finance must complete a practical project to reinforce their knowledge of real-world applications. The final project helps them understand the practical development and implementation of Islamic banking products and services.

    • MDIF Salary Outlook

      95% of graduates experience salary increases after completing MDIF. Here is a closer look at the enticing salary prospects after the diploma in Islamic finance that await our esteemed graduates:

        Mid-Level Manager Salary
      		$110,000 – $160,000
        Senior Manager/Director Salary
      		$180,000 – $300,000
    diploma in Islamic banking and finance

    Frequently Asked Questions

    • Bankers,
    • Insurance Professionals,
    • Finance Regulators,
    • Legal Advisors,
    • Investment Bankers,
    • Asset Managers,
    • Academicians,
    • Researchers,
    • Graduates,
    • Job Seekers,
    • Consultants, and,
    • Entrepreneurs.

    AIMS’ postgraduate diploma in Islamic finance and banking sets you apart by providing specialized knowledge and skills in the Islamic finance field. IFIs are witnessing substantial growth and seeking competent professionals worldwide.

    • With AIMS’ Islamic banking diploma, candidates position themselves to take advantage of these opportunities.
    • Graduates can serve the rapidly expanding market while fulfilling essential ethical and religious responsibilities.
    • Moreover, MDIF is a gateway to diverse career paths, from product development management to Islamic finance advisory and consultancy roles.

    AIMS’ diploma in Islamic banking and finance opens many opportunities for the global Islamic finance industry. The Islamic finance diploma provides many competitive advantages, and our graduates can:

    • Position themselves as an expert in Shariah-compliant financial practices.
    • Serve organizations seeking to grow and diversify towards Shariah-compliant financial services.
    • Perform leadership roles in Islamic banking and financial institutions.
    • Leverage the Islamic finance skills and knowledge gained to make a meaningful impact in their organizations.
    • Contribute to strategic decision-making in the context of Islamic finance.
    • Design and implement Shariah-compliant financial products and services.
    • Accelerate their career progression and credibility.

    After completing the postgraduate diploma in Islamic finance and banking from AIMS, there are many job opportunities available:

    • You can work in Islamic banks as a Product Development Manager or a Director of Investment Consulting.
    • Individuals who are educated and specialized in Shariah or Islamic Studies may serve as Shariah Advisors.
    • You can become an Islamic Financial Analyst, Financial Advisor, or Financial Manager at an IFI.
    • You can join an Islamic Bank or an Islamic Insurance Company as a Senior Manager or Analyst.
    • Those who possess a Law degree can serve as an Islamic financial institution’s legal counsel.
    • You may become a Lecturer or Professor of Islamic Finance at a university or college.
    • You can become an advisor to a conventional banking organization, that wants to offer Islamic financial services.

    Students have access to various academic resources, and they include:

    • Well-prepared online interactive lectures.
    • Expert faculty support.
    • Comprehensive study guides.
    • Extensive Islamic finance library.

    AIMS Islamic finance faculty assist with academic inquiries and guidance throughout their Islamic finance diploma studies.

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