Eligibility & Fee


Certified Islamic Finance Expert (CIFE)
Regular Program Fee£ 900
Fee After 35% Scholarship (Valid till July 20th)£ 585
*Discount packages are available for companies and groups. Contact for details.


  • No minimum education or experience is required

  • Applicants must have working knowledge of English


  • Seven (7) months unlimited access to CIFE e-Class

  • Interactive lectures, explaining complete CIFE curriculum

  • Access to comprehensive e-manual for each course

  • 24/7 academic support by Islamic finance faculty

  • Access to Islamic Finance e-Library

  • Ten (10) practice examinations as assignments

  • CIFE Examination Fee

  • Free CIFE and CIB certifications on completion


CIFE Curriculum

  • 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.

Accreditation !

AIMS is registered with UKRLP and has accreditation from CPD. CPD accreditation ensures that the program’s approach to professional development is systematic and methodical. The CIFE (Certified Islamic Finance Expert) certification holds a value of over 35 credits and adheres to the guidelines established for the Level-5 Ofqual Regulated Qualifications Framework (RQF). Additionally, the program is in compliance with AAOIFI’s Shariah Standards. The CIFE program deepens students’ understanding and prepares them to acquire extensive knowledge, address intricate challenges, and improve their expertise in managing Islamic financial products & services.

Clients & Participants