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The Certified Islamic Banker course aims to improve staff expertise in the Islamic finance industry. It is available to those who work in Islamic financial institutions and meet their various professional levels. It equips certificate holders with the sound and integrated foundations of the Islamic finance industry. It also provides professional knowledge, expertise of proper banking applications, and offers a straightforward and steady start towards an array of career options.

The Certified Islamic Specialist in Capital Markets helps experienced staff in Islamic financial institutions understand the nature and the basics of investments in the various financial markets, identify the techniques of the tools used and the practical applications of their products, and demonstrate the Islamic legal foundation. In addition, it also aims to determine the extent of compatibility of a number of tools and modern financial products under the provision of Islamic law, such as buying on margin, short selling, financial hedging instruments, and others.

The Certified Islamic Specialist in Trade Finance course provides the necessary prerequisites for the conclusion of commercial contracts related to trade finance, with a focus on the preparation and implementation of documents related to letters of guarantee for the trade finance. It also presents a detailed view of letters of credit and other similar documents in the domain of trade finance. Similarly, it describes the mechanisms of letters of credit, including the conditions, types, provisions, various complexities, and Islamic legal controls, as well as the risks involved and ways to mitigate them.

Islamic insurance, or takaful, has enjoyed remarkable growth in recent years. Due to this increase, Islamic banking institutions need to develop sufficient training materials to qualify professionals in the Islamic insurance industry.

CIBAFI offers this programme as a supporting tool to the industry, enabling professionals to understand and work within the specifics of Islamic Insurance.

Financial accounting plays a vital role in the measurement and communication of financial standards. It encompasses many duties integral to banking operations: determining the rights and obligations of banks and their clients, spotlighting the results of their activities, informing stakeholders and other related parties and providing relevant information to the stakeholders in order to make informed decisions.

This course provides professionals with the necessary knowledge and skills pertaining to financial accounting, especially in Islamic finance.

Governance in the banking system is a necessary platform and a method that must be adhered to in order to clarify clear responsibilities and create a sense of trust and confidence among stakeholders. There are a number of international governance standards to follow – and a thorough understanding of them is essential.

This training programme enables professionals to navigate governance practices in Islamic financial institutions to facilitate an effective application of governance and compliance.

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The issue of risk management in Islamic financial institutions has gained considerable attention from regulators, supervisors, and practitioners. It’s a pressing issue that requires specific skills to address, such as risk identification and measurement and mitigation techniques, as well as monitoring and reporting to supervisory authorities.

As such, there is a huge demand for professionals who understand in-depth the characteristics of Islamic financial products, and who are able to analyze and identify the traditional as well as the special risks unique to Islamic financial services.

Ensuring compliance with Shariah rules and principles is one of the ultimate responsibilities of Islamic financial institutions. Islamic financial institutions carry out this responsibility through establishing Shariah review and audit units within their institutions. The industry has witnessed a number of Shariah auditing services providers. These services include examination of contracts and agreements, policies, products and transactions, reporting to the Internal Audit Departments and Shariah boards, as well as circular and reports for inspections performed by Central Bank. Specific knowledge and skills are required for professionals to carry out this responsibility in the most efficient way. This training programme is designed to provide participants with the necessary knowledge and skills in the area of Shariah auditing.

Ensuring compliance with Shariah rules and principles is one of the ultimate responsibilities of Islamic financial institutions. Islamic financial institutions carry out this responsibility through establishing Shariah review and audit units within their institutions. The industry has witnessed a number of Shariah auditing services providers. These services include examination of contracts and agreements, policies, products and transactions, reporting to the Internal Audit Departments and Shariah boards, as well as circular and reports for inspections performed by Central Bank. Specific knowledge and skills are required for professionals to carry out this responsibility in the most efficient way. This training programme is designed to provide participants with the necessary knowledge and skills in the area of Shariah auditing.

The positive results of outreach and strategies to get close to customers underline the importance of branch management. Islamic banks should pay due care to branch management to ensure the development of their businesses. Managers require a wide range of skills to lead their branches in achieving the objectives and values represented by their respective banks.

This training programme focuses on the necessary theoretical knowledge and leadership skills necessary for planning, budgeting, performance evaluation, marketing and enhancing the work of Islamic banks to achieve their objectives. In addition, this programme aims to instruct branch managers devoted to the unique role of Islamic banks in serving their local community and the national economy as well.

The Certified Islamic Specialist in Product Development is tailored for professionals and practitioners involved in the product development process in Islamic financial institutions. It is designed to impart the fundamental principles and practices of product development within the Islamic finance industry. This certificate equips participants with the knowledge and tools necessary to design and create products or services within the bounds of Shariah principles.

Components and programme period:

The programme consists of five core courses and one elective course delivered over 150 training hours.

Trainers:

The programme is delivered by qualified trainers who have obtained relevant qualifications and experience and are accredited by CIBAFI.

Language:

The primary language of the programme is Arabic.

Exams and Evaluation:

Each training module is accompanied by a test, and each module requires a minimum score of 60% to pass. The overall necessary passing score for the Professional Advanced Diploma in Islamic Finance is 70%. All trainees are subject to a comprehensive test upon completion of the modules.

Components and programme period:

The programme consists of four courses delivered over 90 training hours.

Trainers:

The programme is delivered by qualified trainers who have obtained relevant qualifications and experience and are accredited by CIBAFI.

Language:

The primary language of the programme is Arabic

Exams and Evaluation:

Each training module is accompanied by a test and requires a minimum score of 60% to pass. The overall necessary passing score for the Professional Diploma in Accounting is 70%. All trainees are subject to a comprehensive test upon completion of the modules. 

Components and programme period:

The programme consists of three courses delivered over 90 training hours.

Trainers:

The programme is delivered by qualified trainers who have obtained relevant qualifications and experience and are accredited by CIBAFI.

Language:

The primary language of the programme is Arabic.

Exams and Evaluation:

Each training module is accompanied by a test, and each module requires a minimum score of 60% to pass. The overall necessary passing score for the Professional Diploma in Risk Management is 70%. All trainees are subject to a comprehensive test upon completion of the modules.   

Components and programme period:

The programme consists of four courses delivered over 100 training hours.

Trainers:

The programme is delivered by qualified trainers who have obtained relevant qualifications and experience and are accredited by CIBAFI.

Language:

The primary language of the programme is Arabic. 

Exams and Evaluation:

Each training module is accompanied by a test and requires a minimum score of 60% to pass. The overall necessary passing score for the Professional Diploma in Shariah Auditing is 70%. All trainees are subject to a comprehensive test upon completion of the modules. 

Components and programme period:

The programme consists of three courses delivered over 90 training hours.

Trainers:

The programme is delivered by qualified trainers who have relevant qualifications and experience and are accredited by CIBAFI.

Language:

The primary language of the programme is Arabic.

Exams and Evaluation:

Each training module is accompanied by a test and requires a minimum score of 60% to pass. The overall necessary passing score for the Professional Diploma in Takaful is 70%. All trainees are subject to a comprehensive test upon completion of the modules.  

The Executive Professional Master in Islamic Finance was launched in 2012 by the General Council for Islamic Banks and Financial Institutions (CIBAFI) as one of its professional development initiatives. It aims to develop a set of skills for Islamic finance professionals in the field of Islamic banking and finance by providing candidates with the necessary technical knowledge of Islamic banking operations and Shariah rules governing them.

Components and duration of the programme: 

The programme is constituted of seven modules (six compulsory modules, one optional module and a project paper) with three credit hours each equivalent to 36 credit hours.

Trainers:

Qualified trainers with practical experience and academic qualifications deliver the programme.

Language:

The primary language of the programme is Arabic.

Exams and Evaluation:

Each training module is accompanied by a test, and the minimum passing score is 60% for each test. The overall passing rate for the Executive Professional Master in Islamic Finance is 70%. All trainees are subject to a comprehensive test upon completion of the modules. 

Requirements for registration in The Executive Professional Master in Islamic Finance:

A candidate must possess a Bachelor’s degree in a relevant field for enrolment in this programme.