POST GRADUATE DIPLOMA IN ISLAMIC FINANCE

Overview

Post Graduate Diploma in Islamic finance course aims to provide extensive knowledge in Islamic finance. The course discusses Islamic economics, Islamic finance, products, markets, governance and the application of the concepts in the real world. The student will get both theoretical and practical knowledge of Islamic finance. The course will give entry to Masters’s programs in Islamic Finance. This is a 100% online course in post graduate diploma in Islamic Finance.

Contents of the course Post Graduate Diploma in Islamic Finance

The principles of Islamic economics and finance
Islamic commercial law
Islamic financial instruments
Islamic banking – Products and Operations
Islamic Investment, Capital markets and Sukuk
Takaful and retakaful industry
Corporate governance for IFI
Islamic Accounting and financial reporting
Risk management for IFI
Islamic Micro Financing
Islamic Social Finance
Mini thesis/ Capstone project

Program	Post Graduate Diploma in Islamic Finance
For whom	Anyone who wanted to know about Islamic finance at a higher level and start a career or academic program in the field of Islamic Finance
Study mode	Distance learning (Online)
Duration	Duration of 72 Hours of learning with 20 hours experiential project work
Prerequisite	Good knowledge of English and bachelor’s degree in any field or Diploma in business administration or any part/full qualification in ACCA, CIMA, CFA and AAT or any other qualification accepted by the school, case by case/ 2 years work experience would be considered for entry if the student does not have these qualifications.
Awarding body	Students can select from London School of Business and Social Sciences (LSBSS) Geneva School of Business and Economics (GSBE) American International Theism University
Program intake	Though out the year
Learning materials	Animated videos, reading materials, e-books and case studies weekly live Q & A with instructors
Assessment	Students need to complete end of chapter questions, assignments, Capstone projects and mini-thesis
Award	Post Graduate Diploma in Islamic Finance
Fees	UK £ 400 For London School of Business and Social Sciences (LSBSS) or Geneva School of Business and Economics (GSBE) UK £ 750 AITU

Click for Online Application and Payment to start the course

Note : Students who apply through the above link will be directed to our secured learning management system where they have to create an account and make the payment. The students will begin the course once the payment is complete. The payment goes through a secured popular learning management system TEACHABLE.

There are a number of partial scholarships available. If the students are expecting a scholarship, they need to fill out the form given in the below link. One of our student counselors will contact the students once the form has been submitted.

Click here for a scholarship and approval

Course details

PDIF110 Introduction to Islamic Finance

Learning objectives

Describe the conceptual basis of the modern practice of Islamic banking and finance.
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 products.
Describe the current size and worldwide spread of Islamic banking and finance.

Assessments: MCQ, True and short answers

PDIF 210 Islamic Commercial and Financial Law

Learning objective

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.

PDIF 220 Islamic Financial instruments (3 Credits)

Learning objectives

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 Islamic finance.
Know the nature of supporting contracts in Islamic finance, including the unilateral supporting contracts.

PDIF120 Islamic banking – Products and operations (3 Credits)

Learning objectives

Differentiate conventional bank and Islamic banks
Describe the functions of Islamic banks
Identify the sources and uses funds in Islamic banks

Assessments: MCQ, True and short answers

PDIF230 Islamic Investments, Capital Market and Islamic Bonds (Sukuk)

Learning objectives

Understand the basic concepts of Islamic investments
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

PDIF240 Islamic insurance (Takaful)

Learning objectives

Understand the meaning and basic concepts of takaful as an alternative to conventional insurance with an insight into its historical development.
Describe the innovative Sharī‘ah-approved models and structures of takaful.
Describe the main takaful products and their expansion into the global insurance market.
Analyze the process of determining and allocating surplus or deficit as proposed by AAOIFI.
Explain the relevance of reinsurance and retakaful in the modern practice of takaful business.

PDIF310 Corporate Governance for Islamic financial institutions

Learning objectives

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 Sharī‘ah governance.
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 institutions.
Understand the dynamics of corporate governance in Islamic insurance entities.

PDIF 320 Islamic Accounting and Financial reporting for Islamic financial institutions

Learning objectives

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.

PDIF 330 Risk Management in Islamic Financial Institutions

Learning objectives

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 -compliant risk mitigation frameworks.

PDIF340 Islamic Micro Financing

Learning Objectives

Be familiar with the history and basic components of Islamic microfinance and the benefits to society.
Identify key Islamic finance products that have been used for microfinance.
Understand the differences between Islamic microfinance institutions and conventional microfinance institutions.
Be familiar with the major Islamic microfinance institutions in the modern world.
Understand the corporate social responsibility role of Islamic banks in
financing micro-enterprises.

PDIF 400 Capstone project

A small 2000 word project and the information will be provided to the students once the all the other modules are completed.

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