Professional Diploma in Islamic Accounting and Reporting
Overview
Islamic accounting initially emerged as financial reporting for Islamic financial institutions and devolved as a separate academic field. There are many researchers going on the field of Islamic finance. AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), a Bahrain based standard setting organization for Islamic financial institution have developed standard on Islamic Accounting and auditing which is used by many Islamic financial intuitions. The course will give introduction to basic principles of Islamic economics, finance and accounting and followed by accounting standards based on AAOIFI.
Course contents
- The principles of Islamic economics and finance
- Islamic financial instruments
- Introduction to Islamic Accounting
- Introduction to AAOIFI – Accounting and Auditing standards
- Accounting Standards for Mudarabah
- Accounting Standards for Murabah
- Accounting Standards for Musharakah
- Accounting Standards for Ijarah
- Accounting Standards for Salam
- Accounting Standards for Istisna
- Accounting Standards for Zakath
- Auditing standards
- Corporate Governance for IFI
- Financial reporting for IFI
- Financial Analysis for IFI
| Program | Professional Diploma in Islamic Accounting and Financial Reporting |
| Study mode | Online and On Campus |
| Level | Level 4 (RQF level 4) |
| Credits | 60 Credits |
| Program length | Duration 6 – 12 months |
| Admission requirements | Good knowledge of English and bachelor degree in any field or Diploma in business administration or any part/full qualification in ACCA, CIMA, CFA and AAT. |
| APL | Accreditation Prior Learning experience available and considered case by case. Prospective students need to make an application to the school. |
| Fees | US$300 |
| Program intake | Online – Throughout the year On Campus – after completing 90 hours of online study. |
| Learning materials for online course | Animated videos, reading materials and weekly live Q & A with instructors |
| Assessment | Student need to complete end of chapter MCQ questions online, assignments and Capstone Project |
| For Whom | Anyone who wanted to know about Islamic finance and Accounting at higher level and start a career or academic program in the field of Islamic Finance and Accounting |
| Award | Professional Diploma in Islamic Accounting Financial Reporting |
| Program Approval | This program is approved by AAOIFI Certified Sharia Scholars. The program contents has been prepared according to AAOIFI Sharia Standards |
Successful students will be able
- Students will be equipped with a comprehensive understanding of the fundamental principles and concepts of Islamic finance and practical applications
- will be able to obtain a certificate from an accredited European or British business and economics schools
Key Features of CIF Qualifications
- Career Focused Qualification – This course can help the existing executives to add value to their CV with an European/British accredited qualifications. This course also can help the beginner of Islamic Finance to step in to a career in Islamic Finance
- Course is designed based Internationally Standardised Islamic Finance standard AAOIFI – The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) plays a crucial role in the development and standardization of Islamic banking practices worldwide. Established in 1991, AAOIFI develops and issues standards that align financial practices with Sharia principles, thereby ensuring transparency, accountability, and ethical compliance within the Islamic finance sector. Its guidelines cover various aspects, including accounting, auditing, governance, and Sharia compliance, helping institutions navigate the complexities of operating in a manner consistent with Islamic law. The adoption of AAOIFI standards enhances the credibility of Islamic financial institutions, fosters investor confidence, and promotes uniformity across the industry, which is vital for its growth and sustainability in the global financial landscape.
- Global Pathways – This certificate in Islamic Finance course offers global pathways, equipping participants with the essential knowledge and skills to navigate the dynamic landscape of Islamic finance worldwide. Through a comprehensive curriculum, learners will explore the principles of Sharia-compliant finance and gain insights into international markets, enabling them to pursue diverse career opportunities across the globe. Whether you’re seeking to enhance your expertise or embark on a new career, this course opens doors to a multitude of possibilities in the flourishing field of Islamic finance.
- Internationally recognised British and European Certificates
How to Apply for Course ?
admission@iiisef.com
or Send WhatsApp