CIFE Certification:

Islamic finance is the fastest expanding industry, with a growth rate of above 20%. The Islamic finance market requires 80,000 qualified experts to fulfil these demands. Considering the required professional skills that employers are seeking today, AIMS designed the Certified Islamic Finance Expert (CIFE). CIFE certification keeps a good balance between theoretical studies and practical experience. It is a globally recognized, career oriented and offered by AIMS since year 2008. CIFE is considered as the best Islamic finance certification. It comprises five online courses, which are offered through an interactive and self paced learning system.

Program Objective !

CIFE is AAOIFI shariah compliant & developed by renowned shariah scholars. You learn to implement latest market trends.

Online Islamic Finance Course at a Glance

Study ModeOnline and Self paced learning.
Estimated Duration2-3 months.
Registration Validity7 Months.
Study ResourcesInteractive online lectures.
5 comprehensive study manual.
24/7 Academic support by Shairah scholars.
Islamic Finance e-Library.
Ten Online Assignments.
Number of CoursesFive (5) online Islamic finance courses.
Study Requirements10 to 12 hours of study in a week.
Certificates You ReceiveCertified Islamic Finance Expert (CIFE), and,
Certified Islamic Banker (CIB).

LEARNING OUTCOMES!

  • Understand Islamic economics and fundamentals of shariah-based financial system.

  • Develop full understanding of Islamic modes of finance, product accounting and AAOFI shariah standards.

  • Learn to develop Islamic finance products and manage Islamic banking services.

  • You may perform key roles in the establishment of an Islamic bank, in any part of the world.

ACCREDITATION

CIFE is awarded by AIMS – a UKRLP registered and CPD accredited institute. CPD accreditation assures that AIMS’ practical and methodical approach is focused to improve professional development. CIFE Certification Total Qualification Time (TQT) is 225 hours and it is designed as per Ofqual Level-4 standards of Regulated Qualifications Framework (RQF).

Islamic finance certification
online Islamic finance course

Islamic Finance Courses in CIFE !

CIFE certification comprises of total 5 Islamic finance courses.
CIB certification is also awarded on equivalency, based on coursework.

  • Causes of Economic Problems.
  • Origins and Principles of Islamic Economics.
  • Islamic vs other economic system.
  • Means of Production and Distribution of Wealth.
  • Overview and types of Riba, Maysir, Games of Chance, etc.
  • Islamic Principles for Transactions (Fiqh-Ul-Muamlaat).
  • Behaviour of Firm Under the Influence of Islamic Spirit.
  • Implementing Shirkah for Business & Banking Transactions.
  • Principles and Regulations for Islamic banking and finance.
  • Investment vehicle alternatives for Individuals, Corporate & Government.
  • Engineering for the Diversification of Islamic Financing Methods.
  • Framework and Types of Islamic Financial Contracts.
  • Overview, Stages, Mechanism, Types, Applications, Islamic Banking Implementation and Case Studies of:
    Murabahah, Musharakah, Diminishing Musharakah, Mudarabah, Ijarah, Salam, and Istisna.
  • Islamic financing for Imports & Exports.
  • Financing Projects and working capitals.
  • Features, Structures & Types of Sukuk (Islamic Bonds).
  • Dealing in Shares and Islamic Mutual Funds.
  • AAOIFI Shariah Rulings for IFIs.
  • Overview, Stages, Mechanism, Islamic Banking Implementation and Case Studies of:
    Salam, Istisna, Istijrar, Tawarruq (Monetization), Muzarat (Tenancy) , Kafalah (Guarantee), Hawalah (Assignment of Debt), and Hawalah.
  • Laws regarding Accounting for Islamic financial institutions.
  • Financial Accounting and Financial Reporting.
  • Designing Investments Models for IFIs.
  • Securitization of Musharakah, Murabahah, and Ijarah.
  • AAOIFI Accounting Standards, Model Agreements and Accounting with Case Studies for:
    Murabahah, Mudarabah, Musharakah, Diminishing Musharakah, Salam, Istisna, Ijarah, and Investment Funds.
  • Overview of Conventional Insurance
  • Major Norms of the Takaful
  • Laws, System, and Types of Takaful
  • Wakala Model and Wakala-Waqf Model for Takaful
  • General Takaful Mechanism & Products.
  • Family Takaful Mechanism & Agreement.
  • Takaful Accounting and Policies.
  • Re-Takaful.
  • AAOIF Accounting & Shariah Standards.

Have Question?

    HOW IT WORKS?

    Online Islamic finance courses in the CIFE certification are delivered through an interactive learning system. Lectures, study manuals, library, assignments and faculty support is available all the time.

    Visit our website and complete the online enrollment form. Within 48 hours, you will receive login details and access to the study material.

    You study at your own pace, and submit online assignments as per your convenient day and time. CIFE students are required to complete 10 assignments.

    Once you finish the lectures and assignments, simply email an exam request, which is taken online. Pass score is 65%.

    cife certification

    KEY FEATURES

    CIFE as world’s best Islamic finance certification is a well reputed and recognized among employers all over the world. It develops all the skills needed to manage Islamic financial products and services.

    After completing CIFE certification, our graduates have a track record of presenting higher skills, and securing better positions. This online Islamic finance course is suitable for professionals seeking a career growth and individuals searching Islamic finance job.

    Islamic Finance Expert certification may increase earning potential by opening the door to new management opportunities. A survey of 12,000+ professionals in 25+ countries showed the following estimated results:

    Trainee/Credit Analyst:$40,000
    Junior Officer:$60,000
    Manager:$110,000
    Financial Analyst:$125,000

    The online Islamic finance course offers flexible scheduling that suits both individuals and companies. It is delivered through highly interactive lectures, which keep you interested in the subject.

    On completion of online Islamic finance course, you will also get CIB (Islamic banking certification) on equivalency basis. The 15 credit hours earned during CIFE Certification, may be transferred to diploma in Islamic banking and masters in Islamic banking and finance programs.

    Certified Islamic Finance Expert or CIFE certification is ideally designed for professionals and young graduates, who are seeking career and growth in:

    • Islamic Banks.
    • Takaful Companies.
    • Islamic Investment Organizations.
    • Islamic Finance Consultancy Firms.