Certified Islamic Finance Expert (CIFE)

Islamic finance is one of the world’s fastest-growing industries, expanding at a rate of over 20% annually. With a demand for more than 80,000 qualified professionals, the industry urgently needs skilled experts. To meet these demands, AIMS’s experienced faculty developed the Certified Islamic Finance Expert (CIFE) – a global Islamic banking and finance certification that balances theoretical knowledge with practical application.

CIFE is the best Islamic finance certification and a top-rated Islamic finance course, globally recognized, internationally accredited, and career-oriented. It aligns with AAOIFI standards and has been offered 100% online by AIMS since 2005. This Islamic finance qualification includes five in-depth Islamic banking and finance courses, delivered through an interactive and self-paced online learning system.

Islamic finance qualification

Islamic Finance Course Learning Objectives!

  • Gain full expertise in Shariah-compliant financial systems to take on key roles in leading Islamic financial institutions.

  • Develop specialized skills in the latest Islamic finance trends and establish yourself as an Islamic finance expert.

  • Earn a recognized and accredited Islamic finance certification, built on a curriculum aligned with what today’s employers demand.

  • Acquire a deep understanding of Islamic finance products and master AAOIFI Shariah and Accounting standards.

  • Pursue your Islamic finance course online, at your own pace, while managing work and family responsibilities.

  • Learn to apply theory to practice and position yourself for senior roles in the Islamic finance industry.

Level-5: Global Islamic Banking and Finance Certification

AIMS, based in the United Kingdom, offers the Level-5 Islamic finance certification, which is internationally accredited and fully compliant with AAOIFI Shariah standards. The Islamic finance course carries 15 graduate-level credit hours, which may be transferred toward the Postgraduate Diploma and MBA in Islamic Finance programs. This Islamic finance qualification also meets the entry requirements for a PhD in Islamic Finance.

aims ukrlp registration

Registered in UK with UKRLP

aims qahe accreditation

Globally Accredited by QAHE

aims cpd uk accreditation

CPD Accredited in the UK

A rated highed education

Rated “A” for Academic Excellence

Islamic Banking and Finance Courses – A Quick Review

Study Mode:Online and Self-paced learning.
Estimated Duration:2-3 months.
Study Resources:Interactive online lectures.
Five comprehensive study manuals.
24/7 Academic support by Islamic finance scholars.
Islamic Finance e-Library.
Ten Online Assignments.
Number of Courses:Five (5) specialised Islamic banking and finance courses.
Study Requirements:10 to 12 hours of study a week.
Certifications Awarded:Certified Islamic Finance Expert (CIFE) and,
Certified Islamic Banker (CIB) on equivalency.

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How to Earn the Islamic Finance Certification Online!

The CIFE Islamic finance qualification is delivered through AIMS’ flexible, interactive online learning system, allowing you to study around your work and family responsibilities. Academic resources in this global Islamic banking and finance certification include online interactive lectures, comprehensive study manuals, an Islamic finance library, two online assignments for each Islamic finance course, and full support from AIMS’ expert Islamic banking and finance faculty.

  • Visit our website and fill out the online enrollment form.
  • Receive your personalized login credentials and gain access to Islamic banking and finance courses within 48 hours.

Complete the Islamic finance qualification at your own pace through AIMS’ self-scheduled online learning system, available anytime and anywhere.

  • Access highly interactive and professionally designed lectures, study manuals, the online Islamic finance library, and assignments developed by top Islamic finance scholars and practitioners.
  • Get continuous guidance from our experienced Islamic finance faculty.
  • Complete two online assignments for each Islamic finance course at your convenience.
  • Schedule your Certified Islamic Finance Expert (CIFE) certificate examination on a date and time that suits you best.

  • Appear in the online open-book exam from your home or office, consisting of multiple-choice questions (MCQs).
  • Score at least 65% to earn the Certified Islamic Finance Expert (CIFE) certification.
  • Receive the Certified Islamic Banker (CIB) certification, awarded to CIFE graduates, based on their coursework.
cife certification
global islamic banking and finance certification
Islamic finance certification

Islamic Finance Course Curriculum!

Each Islamic finance course included in the CIFE certification has been carefully developed to ensure alignment with AAOIFI standards. The Islamic banking and finance courses keep a balance between theoretical knowledge and real-world application.

This foundational Islamic finance course introduces the Islamic economic framework, covering:

  • Causes of economic problems, origins, principles, and comparisons with other systems.
  • Means of wealth production and distribution.
  • Overview of Shariah-prohibited elements, such as Riba, Maysir, and Gharar.
  • Principles of Islamic transactions (Fiqh-ul-Muamlaat).
  • Behavior of firms influenced by Islamic values.
  • Laws of Shirkah (partnerships) in business and banking transactions.

This Islamic finance qualification module explores Islamic banking products and AAOIFI Shariah standards for financial instruments:

  • Principles and regulations of Islamic banking and finance.
  • Investment options for individuals, corporations, and governments.
  • Contracts like Murabahah, Musharakah, Mudarabah, Ijarah, Salam, Istisna, and Diminishing Musharakah.
  • Diversification strategies in Islamic financing.

This advanced Islamic finance course focuses on practical banking operations for the CIFE certification:

  • Islamic financing for trade (import/export).
  • Project and working capital financing in Islamic Financial Institutions (IFIs).
  • Sukuk (Islamic bonds): types, structures, and features.
  • Shariah laws for shares and stock trading.
  • Islamic mutual funds.
  • AAOIFI rulings for Islamic banking products.
  • Contracts like Salam, Istisna, Tawarruq, Muzara’ah, Kafalah, and Hawalah.

This purely accounting-focused Islamic finance course explains Shariah-compliant practices in IFIs:

  • Principles of accounting for Islamic financial institutions.
  • Reporting and auditing standards in Islamic finance.
  • Developing investment models for IFIs.
  • Detailed analysis of AAOIFI accounting standards.
  • Real-life case studies involving Islamic finance contracts and funds.

The final course in our Islamic finance certification covers the principles and operations of Takaful:

  • Comparison of conventional insurance vs Takaful.
  • Legal structures and frameworks in Takaful.
  • Drafting and applying Takaful policies.
  • Types of Takaful: General and Family.
  • Key Takaful models and mechanisms.
  • AAOIFI standards for Takaful and Re-Takaful accounting.

Find out more about the detailed CIFE course outline and take advantage of our 35% fee scholarship.

Clients and Participants

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Hear from Our Global Learners!

““I recently completed the Certified Islamic Finance Expert (CIFE) program from AIMS, and it significantly enriched my professional expertise. The CIFE Islamic finance course is perfectly aligned with AAOIFI Shariah and Auditing standards. The Islamic banking and finance courses are well-structured and effectively simplify complex concepts. The program not only deepened my understanding but also enhanced my ability to implement Islamic financial instruments in the real world.”

Ingrid Franko, Netherland

“I greatly benefited from AIMS in gaining the knowledge and confidence to become an Islamic finance expert. Their Islamic finance course is well-structured and supported by valuable and practical study materials. I truly appreciate the effort AIMS has invested in designing the online lectures and study manuals for their Islamic banking and finance courses. Every topic was clearly explained with real-world examples. I can confidently say that enrolling in AIMS’ CIFE ertification was one of the smartest career decisions I’ve made.”

Hadeel Abu Loghod, Kuwait

“AIMS’ Islamic finance qualification has exceeded my expectations. As a corporate banker in the UAE, I was looking for a global Islamic banking and finance certification that offers practical learning. This Islamic finance course has helped me apply Shariah-compliant finance principles to real-world corporate scenarios. I’m truly thankful to AIMS.”

Muhammad Ahmed, Corporate Banker, UAE

“AIMS’ Certificate in Islamic Finance gave me both academic depth and job readiness. The CIFE certification was flexible, online, and the faculty support was outstanding. AIMS truly offers the best Islamic finance certification for students planning a growth and career in top Islamic financial institutions (IFIs).”

Sara Lim, Graduate Student, Malaysia

“The online Islamic finance course offered by AIMS was a perfect fit for me as a busy professional. Their user-friendly study portal, strong academic support, and high-quality learning resources, make CIFE the best Islamic finance certification. The program keeps a good balance between theory and industry application, making it ideal for professionals (like me) who are seeking both knowledge and practical expertise.”

Areej Khan, Financial Consultant, Canada

Key Benefits of AIMS’ Islamic Finance Qualification

AIMS’ Islamic finance certification offers numerous career-boosting and personal development benefits. Whether you’re advancing professionally or deepening your expertise in Islamic banking and finance, our Islamic finance course is a globally respected qualification.

  • Internationally Recognized and Accredited

    AIMS’ CIFE certification is the best Islamic finance certification globally, accredited by international bodies and fully compliant with AAOIFI standards. This ensures that Islamic banking and finance courses follow a contemporary curriculum and equips you with the latest skills needed to excel in Islamic financial institutions (IFIs).

  • Higher Job Opportunities and Salary Growth

    AIMS’ Islamic finance qualification is designed explicitly for career-oriented professionals aiming for higher roles in the industry. Our alumni consistently secure better positions and enjoy enhanced salary prospects in top-tier Islamic banks and financial firms.

  • Flexible, Self-Paced Online Learning

    AIMS’ Islamic finance course is built for working professionals. With self-paced scheduling, you can easily manage studies alongside work and family responsibilities. Interactive lectures and practical case studies ensure you gain both theoretical insights and real-world application of Islamic banking and finance.

Have Question?

    Frequently Asked Questions (FAQs)

    The CIFE Islamic finance course is ideal for individuals aiming to advance their careers in Islamic banking and finance. This Islamic finance qualification is best suited for:

    • Finance Professionals seeking expertise in Shariah-compliant finance.
    • Bankers and Investment professionals expanding into Islamic financial services.
    • Graduates from finance, accounting, economics, or business backgrounds.
    • Auditors, Advisors, and Consultants working in the financial sector.
    • Individuals looking to gain a solid understanding of Islamic finance principles.

    Graduates of AIMS’ Islamic finance certification can pursue a wide range of high-demand positions across the Islamic banking and finance industry. With global recognition and AAOIFI-compliant curriculum, the CIFE certification opens doors to rewarding roles with competitive salaries:

    • Islamic Wealth Manager – $80,000 to $110,000/year
    • Islamic Banking Officer – $60,000 to $85,000/year
    • Branch Manager (Islamic Bank) – $80,000 to $125,000/year
    • Shariah Advisor – $90,000 to $150,000/year
    • Sharia Auditor – $90,000 to $120,000/year
    • Islamic Finance Advisor / Consultant – $100,000 to $130,000/year
    • Investment Analyst (Islamic Finance) – $70,000 to $100,000/year
    • Risk Manager (Shariah-compliant portfolio) – $90,000 to $140,000/year
    • Islamic Finance Lecturer / Academic Consultant – $60,000 to $110,000/year
    • Islamic Finance Lawyer – $90,000 to $200,000/year
    • Takaful Manager / Officer – $55,000 to $100,000/year
    • Compliance Officer (Islamic Financial Institutions) – $70,000 to $95,000/year
    • Product Development Manager (Islamic Finance Products) – $90,000 to $130,000/year

    Yes! AIMS is committed to promoting accessible and high-quality Islamic finance qualification. We are currently offering a 35% scholarship on top of our already subsidized tuition fee. This initiative supports global learners in pursuing a career in Islamic banking and finance without financial barriers.

    The duration of AIMS’ global Islamic banking and finance certification is flexible and depends on the time students dedicate to their studies. On average, learners complete the program within 3 to 4 months. However, our self-paced learning model allows you to progress at a pace that suits you, depending on your availability and learning style.

    AIMS’ Islamic banking and finance courses are recognized worldwide for their quality, flexibility, and career outcomes. Here’s what sets our Certified Islamic Finance Expert (CIFE) program apart:

    • Globally Accredited & AAOIFI Compliant: Recognized by QAHE, UKRLP, CPD UK, and aligned with AAOIFI Shariah standards.
    • Flexible Learning: 100% online, self-paced structure suited for working professionals and global learners.
    • Career Growth & Higher Earning Potential: Practical training that leads to high-paying roles in Islamic finance.
    • Bonus Certification: Get an additional CIB (Certified Islamic Banker) certification while completing CIFE.
    • Credit Transfers: Earn credits toward Master Diploma, MBA, or PhD in Islamic Finance.
    • Industry-Relevant Curriculum: Designed for real-world application in top Islamic financial institutions.

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