Executive Diploma in Islamic Banking
Diploma in Islamic banking
This is a Diploma in Islamic banking online course offered by IIISEF. This course aims to provide you with an extensive, detailed and critical knowledge of the Islamic banking industry. You will gain an understanding of the Islamic banking industry, immediate practical relevance and develop skills and abilities to make professional judgments and informed decisions in reverent work situations.
Course contents
– The principles of Islamic economics and finance
– Islamic financial instrument (Contracts and application)
– Islamic banking products and operations
– Islamic capital market and instruments
– Corporate governance of Islamic banks
– Risk management in Islamic banks
| Program | Diploma in Islamic Banking |
| For whom | Conventional and Islamic banking staff and anyone who is planning to start a career in the Islamic banking industry |
| Study mode | Distance learning (Online) |
| Duration | Duration 3 – 6 months Students need to cover 60 hours of study material. |
| Prerequisite | Good knowledge of the English language |
| Awarding body | Students have choice to select the Diploma provider either 1. IIISEF/GSBE 2. American International Theism University (AITU) |
| Program intake | Though out the year except Ramadan and Hajj holidays |
| Learning materials | Animated videos, reading materials, and case studies weekly live Q & A with instructors |
| Assessment | Student need to complete end of chapter questions and assignments |
| Award | Diploma in Islamic banking |
| Fees |
US$ 300 IIISEF/GSBE US$ 500 AITU |
* Limited number of scholarships available upon confirmation from admission department.
Modules
IF 201 The principles of Islamic Finance (3 Credits)
This module explains the basics of Islamic finance, economics, law, industry and history. At the end of the course you will be able explain
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What is Islamic finance?
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What are the principles governed by Islamic finance
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The history of Islamic finance
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The current development in Islamic Finance
Assessments: MCQ/Assignments
IF 202 Islamic financial instruments (3 Credits)
This course introduces Islamic financial instruments used in Islamic finance industry. The basic Islamic contracts are explained with their application in the Islamic banking industry. At the end of the lesson the students will be to explain and under the applications of
Mudarabah, Musahrakah, Ijarah, Ististna, Salam, Murabaha and Tawaruq
Assessments: MCQ/Assignments
IF203 Introduction to Islamic banking (3 Credits)
After understanding the basic principles and instruments, this module is the application of the basic Islamic banking industry. End of this course you will be able understand and describe ;
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How does Islamic banks differs from conventional banks
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Functions of Islamic banks
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Operations of Islamic bank
Assessments: MCQ/Assignments
IF204 Islamic banking Operation (3 Credits)
After understanding the basic operation, this module is explains the sources and uses of funds in Islamic banks. . At the end of this course you will be able understand and describe ;
1. The sources and use of funds for conventional banks
2. The sources and use of funds for Islamic banks
3. Applications of Islamic contracts for financial applications.
Assessments: MCQ/Assignments
IF 205 Islamic capital market
The Islamic Capital Market trade short term and long term instrument of Islamic banks. The module introduces Islamic instruments and its applications. At the end of this course, you will be able to explain;
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What is a capital market in general.
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The difference between Islamic capital market and conventional capital market.
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The instruments used in Islamic capital market.
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Development of Islamic capital market.
Assessments: MCQ/Assignments
IF301 Corporate Governance of Islamic Financial Institutions/Banks
Corporate Governance of Islamic bank is same in certain aspects and different from many aspects. It is important to know
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How does corporate governance of Islamic bank different from conventional
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Corporate Governance models
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Structures in corporate governance
Assessments: MCQ/Assignments
IF302 Risk management of Islamic banks
Islamic banks are exposed risk as conventional. But the Islamic banks manages the risk different from conventional banks. At the end of this module you will be able describe,
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The risk faced by the Islamic banks.
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The generic risk of Islamic banks and conventional banks.
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Unique risk of Islamic banks
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Risk management by Islamic banks
Assessments: MCQ/Assignments
IF 401 Capstone project
A small 2000 word project and the information will be provided to the students once the all the other modules are completed.