Advanced Diploma in Islamic Banking and FinTech
Advanced Diploma in Islamic Banking and FinTech
This Advanced Diploma in Islamic Banking and FinTech program aims to produce qualified, skillful and efficient professional in the field of Islamic banking and FinTech to meet needs in Islamic banking and financial technology industry. The program covers the theory of Islamic banking, Islamic banking practices and concept of Fintech in Islamic finance industry.
Objective of the programs
- To introduce key Islamic finance principles, contracts and Islamic finance industry
- To provide a broad exposure to Islamic banking industry, practices and FinTech industry
- To equip participants with the essential proficiencies and skills to work in Islamic banking environment and introduce a system.
|Program||Advanced Diploma in Islamic Banking and FinTech|
|Target Audience||Islamic finance professionals, Islamic bankers, auditors, Accountants, Accounting technician, finance managers, treasures, fund managers, managers of Islamic financial institutions, financial analyst, system analyst, accounting students, academics and students whoever want to start a career in Islamic Banking.|
|Study Mode||Distance Learning (Online)|
|Duration||60 Hours (Flexible - Students have freedom to start at their own time and complete within in 12 months)|
|Academic requirements||Bachelor or master degrees. or Full or part qualification of any professional qualification or Professional experience in Islamic financial institution will be recognized for Accredited Prior Learning (APL) or Diploma in Islamic Banking course|
|Work experience||Not required, however, professional experience in accounting or auditing|
|English language requirements||Reading, writing and presentations skills|
|Learning materials||Animated videos, reading materials, practice worksheets, e-books and case studies weekly live Q & A with instructors|
|Assessments||Students need to complete end of chapter questions, assignments, Capstone projects and recorded presentation.|
|Awarding body||Students have choice to select the Diploma provider either 1. IIISEF/GSBE 2. American International Theism University (AITU)|
|Fees||UK£ 400 - IIISEF/GSBE UK£ 750 - AITU|
Introduction to Islamic Finance (Advanced Diploma in Islamic Banking)
Describe the conceptual basis of the modern practice of Islamic banking and
Explain the historical development of and conceptual arguments for Islamic
banking and finance.
Understand the components and operating structures of the Islamic banking
and finance industry as well as the process of development of Islamic finance
Describe the current size and worldwide spread of Islamic banking and
Islamic Commercial and Financial Law (Advanced Diploma in Islamic Banking)
Understand the underlying philosophy of business transactions in Islam.
Explain the meaning of contracts, and the legal concepts and theories of the
various types of contracts in Islamic law.
Describe the classification of contracts, what constitutes a contract of sale,
and the legal capacity to enter into such contract in Islamic law.
Analyze the main forbidden contracts in Islamic commercial transactions.
Islamic Financial Instruments and Banking Products (Advanced Diploma in Islamic Banking)
Describe the sources and uses of funds and the operation of bank accounts
by Islamic banks.
Understand how exchange-based contracts are utilized as financial
instruments in Islamic finance.
Understand how service-based contracts are utilized as financial instruments
in Islamic finance.
Understand how partnership contracts are utilized as financial instruments in
Know the nature of supporting contracts in Islamic finance, including the
unilateral supporting contracts.
Islamic banking – Products and operations (Advanced Diploma in Islamic Banking)
Differentiate conventional bank and Islamic banks
Describe the functions of Islamic banks
Identify the sources and uses funds in Islamic banks
Islamic Capital Market and Islamic Bonds (Sukuk) – (Advanced Diploma in Islamic Banking)
Describe the Islamic capital market and its functions
Differentiate between Islamic and conventional capital market
Identify functions used in Islamic Capital market
Understand how does Sukuk differ from conventional bonds
Islamic Trade Financing by Islamic Banks (Advanced Diploma in Islamic Banking)
Describe the innovative Sharia-compliant trade financing instruments
Differentiate Islamic trade financing with conventional trade financing
Explain the importance of Islamic financing for the development of
Documents & Contracts used in Islamic banking (Advanced Diploma in Islamic Banking)
Understand how the basic Islamic contracts are developed and issued.
Explain the documentation process in Islamic banks
Corporate Governance for Islamic Banks (Advanced Diploma in Islamic Banking)
Describe the meaning of corporate governance within the Sharī‘ah
framework as practiced in modern Islamic financial institutions.
Explain the models and key principles of corporate governance, including
Understand the mechanisms of corporate governance and control, including
the different organs in Islamic financial institutions.
Understand the different models of corporate governance and Sharī‘ah
governance, and the different approaches adopted by Islamic financial
Understand the dynamics of corporate governance in Islamic insurance
Islamic Accounting and Financial reporting for Islamic financial
institutions (Advanced Diploma in Islamic Banking)
Understand the definition of accounting from both conventional and Islamic
perspectives, respectively, and its significance in financial decision-making.
Explain the relevance of International Financial Reporting Standards (IFRS) in
international accounting regulation.
Understand the basic principles of accounting.
Understand the basic principles of Islamic accounting.
Differentiate between the accrual and cash flow accounting methods.
Draft the main financial statements for Islamic finance products.
Risk Management in Islamic Banks (Advanced Diploma in Islamic Banking)
Understand the concept of risk management from the Islamic perspective,
with particular reference to Islamic commercial transactions.
Be familiar with the types and characteristics of risk exposure and the Islamic
banking risks under the IFSB’s guiding principles.
Examine the risk management techniques in Islamic banks and how such risks
can be avoided, absorbed, or transferred.
Understand risk management techniques such as hedging through the use of
the following derivatives: forwards, futures, and swaps, based on Sharī‘ah –
Islamic FinTech (Advanced Diploma in Islamic Banking)
Understand the concept and importance of FinTech
Describe how the Islamic Finance industry has engaged with FinTech
Differentiate Islamic FinTech from conventional FinTech
IF 400 Capstone project (Advanced Diploma in Islamic Banking)
A small 2000 word project and the information will be provided to the students once
the all the other modules are completed.