Diploma in Islamic Accounting

Diploma in Islamic Accounting

Diploma in Islamic Accounting

Online Islamic Accounting course

This course aims to introduce the academic field of Islamic accounting (IA). The principles and concepts of Islamic accounting are taught in detail. It also compares both conventional accounting and IA. This course makes students think critically about the factors behind the emergence of IA and financial reporting and its impact on the Islamic finance industry. The course introduces various IA standards including AAOIFI. 


At the end of this course, students will be able to

1. Understand the theory behind Islamic Accounting

2. Explain the relationship between Islamic Accounting and Islamic economics

3. Differentiate Islamic Accounting and conventional accounting

4. Describe the process of accounting for Islamic financial institution

Course contents

  1. Principles and concepts of IA

  2. Accounting for Islamic financial institutions

  3. Accounting standards for Mudarabaha

  4. Accounting standards for Musharaka

  5. Accounting standards for Murabaha

  6. Accounting standards for Ijaraha

  7. Accounting standards for Salam

  8. Accounting standards – Istisna


ProgramDiploma in Islamic Accounting
Target Audience Islamic finance professionals, Islamic bankers, auditors. Accountants, Accounting technician, finance managers, treasurers, fund managers, managers of Islamic financial institutions, financial analyst, system analyst, accounting students, academics and students whoever want to start a career in Islamic accounting and reporting.
Study Mode Online (Distance learning)
Duration 6 Months (Flexible - Students have freedom to start at their own time and complete within in 18 months)
Academic requirements Bachelor of Accounting, business administration or Diploma in Accounting/Business administration and part of full accounting qualifications CPA/CIMA/CMA/CFA/Chartered Accountancy/ACCA/AAT.
Work experience Not required, however, professional experience in Islamic financial institution in accounting department will be recognized for Accredited Prior Learning (APL)
English language requirements Reading and writing skills
Learning materials Animated videos, reading materials, e-books, worksheets and case studies weekly live Q & A with instructors
Assessment Students need to complete end of chapter questions, assignments, & Capstone projects.
Award Diploma in Islamic Accounting
Awarding body Students have choice to select the Diploma provider either 1. IIISEF/GSBE 2. American International Theism University (AITU)
Fees US$ 300 - IIISEF/GSBE US$ 500 - AITU


* Limited number of financial relief and tuition waivers available to deserving students. Contact [email protected] for further details on financial relief/tuition fees and APL.