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 instruments (Contracts and applications)

–  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 can select the Diploma provider either 1. IIISEF/GSBE 2. American International Theism University (AITU)
Program intake	Though out the year except for Ramadan and Hajj holidays
Learning materials	Animated videos, reading materials, and case studies weekly live Q & A with instructors
Assessment	Students need to complete end of chapter questions and assignments
Award	Diploma in Islamic banking
Fees	UK £ 250 IIISEF/GSBE UK £ 500 AITU

* Limited number of scholarships available upon confirmation from the admission department.

Click on this for an online application for the course

 

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 to explain

1. What is Islamic finance?

2. What are the principles governed by Islamic finance

3. The history of Islamic finance

4. 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 ;

1. How does Islamic banks differs from conventional banks

2. Functions of Islamic banks

3. 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;

1. What is a capital market in general.

2. The difference between Islamic capital market and conventional capital market.

3. The instruments used in Islamic capital market.

4. 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

1. How does corporate governance of Islamic bank different from conventional

2. Corporate Governance models

3. 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,

1. The risk faced by the Islamic banks.

2. The generic risk of Islamic banks and conventional banks.

3. Unique risk of Islamic banks

4. 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.