Master Diploma in Islamic Finance (MDIF):

More than 700 Islamic financial institutions are active in both Muslim and non-Muslim nations, making Islamic banking one of the most rapidly expanding markets. Around 20,000 individuals with a solid grasp of Islamic finance’s rules and practical applications are required each year by various organizations. The Master of Diploma in Islamic Finance (MDIF) program is designed to generate experts in the field of Islamic finance who can meet the market’s expectations. Reputable scholars and practitioners designed this diploma in Islamic finance, which requires no prior expertise. It is designed to provide experienced professionals with a comprehensive understanding of Shariah laws and rulings. Students pursuing a diploma in Islamic banking and finance will get a diverse set of highly desirable abilities in the “Employment” and “Consultancy” fields.

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Level-6 Post Graduate Diploma in Islamic Finance

AIMS is officially registered with the UKRLP and holds CPD accreditation in the United Kingdom. The Master Diploma in Islamic Finance (MDIF) has equivalent worth to a Level-6 Diploma (Graduate Diploma), with more than 50 credits. MDIF follows the regulations set by Ofqual for the Regulated Qualifications Framework (RQF) and the Shariah Standards by AAOIFI. Furthermore, the postgraduate diploma in Islamic banking and finance plays a crucial role in the pursuit of a Master’s Degree.

MDIF Includes!

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

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

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

  • Mechanism, Rulings, Accounting and AAOIFI Standards for Islamic Financial Instruments.

  • Development and Management of Islamic General & Family Takaful Services.

  • REAL WORLD PROJECT: Design and Implement an Islamic Financial Product for an IFI.

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.
BonusFree CIB and CIFE certifications on 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).

How to Achieve the Islamic Banking Diploma?

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, detailed study guides, a vast library, and expert faculty support. With this adaptable program, individuals can study whenever convenient and then take a final test to get a diploma.

post graduate diploma in islamic banking and finance

MDIF Program Structure

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

  • Upon Completion of Level-1 students are awarded with the Certified Islamic Banker (CIB) and Certified Islamic Finance Expert (CIFE) certifications.
  • Upon Completion of Level-2 students earn the Certified Takaful Professional (CTP) and Master Diploma in Islamic Finance (MDIF).

  • 50+ Credits of the MDIF program may be transferred to the online MBA in Islamic Banking and Finance degree program.

diploma in Islamic banking

Islamic Finance Diploma Curriculum!

MDIF Semester-I comprises 5 courses:

  • Covers principles and origins of the Islamic economic system, distinguishing it from other systems
  • Focuses on avoiding Riba and Maysir, promoting fair transactions (Fiqh-Ul-Muamlaat)
  • Explores Islamic financial instruments like Murabahah, Musharakah, and Ijarah
  • Discusses Shariah-compliant investment and commercial banking, including Sukuk and project financing
  • Details AAOIFI accounting standards and practices specific to Islamic financial institutions and Takaful insurance

MDIF Semester-II comprises 3 courses, including a real-world project. It covers:

  • Islamic Microeconomics and 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 and Shariah compliance for IFIs
  • Conversion from conventional to Islamic banking
  • Capstone project a design and implement an Islamic financial product following Shariah law

For details on MDIF Curriculum and our 35% Fee Scholarship offer, CLICK HERE.

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 very 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 profession.”

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. I now 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 Karim, United Arab Emirates

“Enrolling in AIMS Education’s Diploma in Islamic Banking and Finance was a great decision for my career. 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 diploma has significantly boosted my confidence and understanding of Islamic banking principles. I highly recommend AIMS to anyone in the field.”

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

Have Question?

    Key Features of MDIF

    • Globally Recognized Qualification

      The post graduate diploma in Islamic finance and banking at AIMS’ Institute for Islamic banking and finance has had an outstanding reputation since 2005. Our graduates have landed prestigious roles in banks, insurance companies, and other financial organizations around the globe.

    • Develop Real World Expertise

      Postgraduate diploma in Islamic banking and finance students must complete a practical project to reinforce their understanding of real-world applications. This real-world project helps them understand the practical development and implementation of Islamic financial and banking 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 and Insurance Professionals
    • Regulators and Legal Advisors
    • Investment and Asset Managers
    • Academicians and Researchers
    • Graduates and Job Seekers
    • Consultants and Entrepreneurs

    A postgraduate diploma in Islamic finance and banking sets you apart by providing specialized knowledge and skills. This sector is witnessing substantial growth, and financial institutions worldwide are seeking professionals well-versed in Islamic financial principles. With an Islamic banking diploma, you position yourself to take advantage of these opportunities, serving a rapidly expanding market segment while fulfilling essential ethical and social responsibilities. Moreover, it’s a gateway to diverse career paths, ranging from an Islamic economics and finance specialist to a Shariah compliance officer or wealth manager. Our post graduate diploma in Islamic banking and finance reveals your commitment to deepening your understanding of this niche field, potentially opening doors to leadership and advisory roles.

    AIMS diploma in Islamic banking and finance opens up a multitude of opportunities in the rapidly growing global Islamic finance industry.

    • You can position yourself as an expert in Shariah-compliant financial practices, making you an asset to organizations seeking to grow and diversify their services in line with Islamic principles.
    • The Islamic finance diploma can lead to leadership roles within these institutions, including but not limited to, becoming a Shariah compliance officer or an Islamic banking specialist.
    • The global recognition of this qualification means that it can open doors to international career opportunities.
    • You can leverage the skills and knowledge gained to make a meaningful impact in organizations, contributing to strategic decision-making and guiding the implementation of Shariah-compliant financial products and services.
    • The Islamic banking diploma can significantly accelerate career progression, enhance professional credibility, and provide a competitive edge in the global job market.

    After completing the postgraduate diploma in Islamic finance and banking, there are many job opportunities available in the field of Islamic banking and finance industry:

    • You can work in Islamic banks as a Product Development Manager or a Director of Investment Consulting.
    • Individuals who are Shariah-educated and specialized 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 an analyst or a risk manager.
    • Those who possess a Law degree with knowledge of Islamic finance can serve as an Islamic financial institution’s legal counsel.
    • You may become a lecturer or professor of Islamic banking and finance at a university or college.
    • You can become an advisor to a conventional banking organization, that wants to provide Islamic financial services.
    • You can also work as a risk analyst, credit analyst, or debt manager for the Islamic finance industry.

    Students have access to a range of academic services, including expert online faculty support, comprehensive study guides, and an extensive library. Our faculty is available to assist with academic inquiries and guidance throughout the MDIF program.