CIFE Certification - Curriculum, Fee & Scholarship

Eligibility & Fee

FEE STRUCTURE

Certified Islamic Finance Expert (CIFE)
Regular Program Fee	£ ~~1,000~~
Special 35% Scholarship (Time-Sensitive Offer)	£ 650
Note: *Discount packages are available for companies and groups. Contact for details.

ELIGIBILITY CRITERIA

No minimum education or experience is required
Applicants must have working knowledge of English

FEE INCLUDES

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

REGISTER NOW!

CIFE Curriculum

Islamic Economic System

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.

Islamic Financial Instruments

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 Investment & Commercial Banking

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.

Accounting for Islamic Financial Instruments

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.

Islamic Insurance System

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.

Clients and Participants

Accreditation !

AIMS is registered with UKRLP (United Kingdom) and holds accreditation from CPD and QAHE. These accreditations ensure 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 complies 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.