CISI ISLAMIC FINANCE QUALIFICATION
Master Shariah-Compliant Finance & Gain International Recognition
Course Schedule
| Venue (InHouse) | Fees |
|---|---|
| At Your Organization Premises | Ask For The Quotation |
Course Introduction
The CISI Islamic Finance Qualification (IFQ) is a globally respected certification that blends Islamic finance principles with international financial practices. It is designed for professionals working in Islamic financial institutions or those seeking to broaden their knowledge of Shariah-compliant finance and investment.
This comprehensive course provides an in-depth understanding of Islamic financial instruments, contracts, and regulatory frameworks. It equips participants with the tools to apply Shariah principles in real-world banking, capital markets, and insurance contexts, ensuring both compliance and competitiveness.
Course Objectives
By the end of this course, participants will be able to:
- Understand the fundamentals and principles underpinning Islamic finance
- Apply Shariah-compliant structures in banking, investment, and insurance
- Differentiate Islamic finance contracts from conventional equivalents
- Analyze the role of Islamic finance in the global economy
- Prepare for and pass the CISI Islamic Finance Qualification (IFQ) exam
Key Benefits of Attending
- Gain an internationally recognized Islamic finance certification
- Learn the latest practices in Shariah-compliant finance and banking
- Strengthen your advisory, product development, and compliance skills
- Understand the growing market opportunities in Islamic financial services
- Enhance your credibility with clients and employers in Islamic markets
Intended Audience
This program is designed for:
- Islamic banking and finance professionals
- Compliance officers and Shariah auditors
- Financial advisors and investment analysts
- Lawyers and consultants involved in Islamic finance
- Anyone pursuing the CISI IFQ certification
Individual Benefits
Key competencies that will be developed include:
- Proficiency in Islamic finance contracts and instruments
- Shariah-compliant product structuring and analysis
- Ability to identify and mitigate compliance risks
- Exam readiness for the CISI IFQ certification
- Confidence to operate in both Islamic and conventional finance sectors
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Stronger institutional compliance with Islamic finance standards
- Greater product innovation in Shariah-compliant offerings
- Enhanced client trust and market competitiveness
- Improved alignment with ethical and religious investment mandates
- Expanded capabilities for cross-border Islamic finance operations
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
- Strategy Briefings – Deep dive into Shariah law, IFQ syllabus, and Islamic finance instruments
- Case Studies – Real-world applications of Islamic banking, Sukuk, and Takaful
- Workshops – Hands-on exercises in structuring and comparing Islamic financial products
- Peer Exchange – Group discussions on regulatory challenges and global trends
- Tools – Templates, checklists, and exam practice materials for IFQ readiness
Course Outline
DETAILED 5-DAY COURSE OUTLINE (Customizable)
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Foundations of Islamic Finance
- Module 1: Introduction to Islamic Finance (07:30 – 09:30)
- Core principles: prohibition of Riba, Gharar, and speculation
- Historical development and contemporary relevance
- Key differences between Islamic and conventional finance
- Module 2: Shariah and Islamic Commercial Law (09:45 – 11:15)
- The sources of Shariah and their application in finance
- The role of Islamic scholars and Shariah boards
- Legal and ethical underpinnings of Islamic transactions
- Module 3: Structure of Islamic Financial Institutions (11:30 – 01:00)
- Types of Islamic financial institutions and their functions
- Regulatory frameworks and Shariah compliance mechanisms
- Governance and accountability in Islamic finance
Day 2: Islamic Banking Principles & Contracts
- Module 1: Islamic Banking Models and Operations (07:30 – 09:30)
- Commercial vs. investment Islamic banking
- Credit risk and liquidity management in Islamic banks
- Key operational challenges and risk considerations
- Module 2: Islamic Financing Contracts (09:45 – 11:15)
- Mudarabah, Musharakah, Murabaha, Ijarah, and Istisna’
- Contract structures, risk-sharing principles, and applications
- Case examples of Islamic financing in practice
- Module 3: Application of Financing Contracts (11:30 – 01:00)
- Retail, SME, and corporate Islamic financing
- Home and auto finance models
- Asset-based vs. asset-backed financing distinctions
Day 3: Islamic Capital Markets & Sukuk
- Module 1: Overview of Islamic Capital Markets (07:30 – 09:30)
- Role of Islamic capital markets in economic development
- Key players, instruments, and regulatory bodies
- Integration with global financial markets
- Module 2: Sukuk (Islamic Bonds) (09:45 – 11:15)
- Structure and types of Sukuk: Ijarah, Murabaha, Musharakah, etc.
- Comparison with conventional bonds
- Legal, Shariah, and economic considerations
- Module 3: Islamic Equity and Investment Funds (11:30 – 01:00)
- Screening criteria and portfolio structuring
- Risk-return profile of Islamic equity investments
- Mutual funds, ETFs, and Shariah indices
Day 4: Islamic Insurance (Takaful) & Wealth Management
- Module 1: Fundamentals of Takaful (07:30 – 09:30)
- Key concepts: mutuality, solidarity, and Tabarru’
- Takaful vs. conventional insurance
- Models: Mudarabah, Wakalah, and hybrid approaches
- Module 2: Islamic Wealth & Estate Planning (09:45 – 11:15)
- Zakat, Waqf, and inheritance (Faraid) principles
- Financial planning for Muslim clients
- Ethical investment strategies in wealth management
- Module 3: Islamic Asset Management (11:30 – 01:00)
- Shariah-compliant investment strategies
- Role of fund managers and performance benchmarking
- Cross-border investment challenges and opportunities
Day 5: IFQ Exam Preparation & Review
- Module 1: IFQ Exam Techniques (07:30 – 09:30)
- Understanding question formats and time management
- Mock exam questions and analysis
- Common pitfalls and examiner expectations
- Module 2: Case Study and Group Review (09:45 – 11:15)
- Applied scenarios from Islamic banking and capital markets
- Ethical dilemmas and Shariah rulings
- Group discussion and presentation
- Module 3: Final Review and Certification Preparation (11:30 – 01:00)
- Summary of key concepts and formulas
- Final Q&A and personalized study strategy
- Preparation checklist and feedback session
Certification
Participants will receive a Certificate of Completion in Islamic Finance, verifying their readiness to sit for the CISI Islamic Finance Qualification (IFQ) and confirming their practical understanding of Shariah-compliant finance, banking, and investment principles.