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4.2.09

Islamic Finance Training Programs & Certifications

Here is a summary list (in pdf format) of Islamic finance study programs which we have compiled, hope it might be helpful to those seeking professional advancement and wishing to gain better understanding of the industry. At the same time appreciate anyone contributing to this list to make it more comprehensive, pretty sure there are a few missing. The full list (so far):




AAOIFI: Certified Islamic Professional Accountant (CIPA)
http://www.aaoifi.com/cipa2.html

Academy UK: MBA Islamic Banking and Finance
http://www.academyuk.org/courses/course.aspx?id=11

AIMS: MBA in Islamic Banking and Finance
http://www.learnislamicfinance.com/MBA-Islamic-Banking-and-Finance.htm

Al Jamia Al Islamiya: Post Graduate Diploma in Islamic Economics and Finance
http://www.aljamia.net/english/pgdief2.html

BIBF: Masters of Science-Islamic Finance (MSIF)
http://www.bibf.com/cfif/islamicfinance-msifprogram.htm

CASS: Executive MBA - Islamic Finance stream
http://www.cass.city.ac.uk/mba/dubai/course/electives/islamic-finance/index.html

CIFA: Certified Islamic Financial Analyst Program (CIPA)
http://www.shapefinancial.com/cifa/index.asp

CIMA: Certificate in Islamic Finance
http://www.cimaglobal.com/Study-with-us/Certificate-in-Islamic-Finance/

Durham Islamic Finance Program (DIFP); Islamic Finance Summer School
http://www.dur.ac.uk/sgia/difp/

Ecole de Management Strasbourg – University Degree in Islamic Finance
http://www.em-strasbourg.eu/docs/confdufi.pdf

ESA & CISI (formerly SII): Islamic Finance Qualification (IFQ)
http://www.esa.edu.lb/en/IFQ_Qualification.shtml

GARP - Certificate in Risk Management for Islamic Financial Institutions
http://www.garp.com/certifications/Islamic_finance/about.aspx?ekmensel=c580fa7b_42_48_78_1

IBFIM: i-Series Programme, CCP Islamic (CCP-i), Islamic Financial Planner (IFP)
ICMA: MSc Investment Banking and Islamic Finance
http://www.icmacentre.ac.uk/study_and_research/msc_investment_banking_and_islamic_finance

IIBF: Post Graduate Diploma in Islamic banking and Insurance
http://www.islamic-banking.com/diploma/index.php

IIIBF: Certified Islamic Banker and Others
http://www.iiibf.org/

IIUM: MBA with concentrations in Islamic Banking & Finance
http://managementcentre.com.my/page.php?34

INCEIF: Chartered Islamic Finance Professional (CIFP)
http://www.inceif.org/

IslamicAdvisory.com: Online Courses
http://www.islamicadvisory.com/

Islamic Finance Training: Various Courses
http://www.islamicfinancetraining.com/

Islamic Online University: Various Islamic Courses
http://www.islamiconlineuniversity.com/
http://www.islaamicstudiesacademy.com/

Markfield - Certificate in Islamic Finance
http://www.mihe.org.uk/mihe/detail.php?page=104&s=13

Straightway Ethical: Islamic Financial Ethics
http://www.straightwayethical.com/courses.php

Sunni Path Online Islamic Academy: Modern Finanical Transactions
http://www.sunnipath.com/Academy/OnlineCourses/Law/Modern-Financial-Transactions.aspx

Tazkia - Islamic Undergraduate degree in Indonesia
http://tazkia.ac.id/

Trisakti University - Islamic Economics and Finance degree in Indonesia
http://ief-trisakti.ac.id/

Universitas Indonesia - Islamic Economics and Finance degree in Indonesia
http://www.psktti-ui.com/

University College of Bahrain: MBA in Islamic Finance
http://www.ucb.edu.bh/gande/Islamic.html

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7 comments:

  1. Assalam alaikum,

    Jzk for this list. It is very beneficial.

    I was wondering on your opinion of the MBA program at International Islamic University of Malaysia. I did not see it on your list. Is it recognized in Islamic Banking circles?

    Thank you,

    ReplyDelete
  2. Thanks Kam,

    If something is missing on the list it by no mean implies that the certification is not recognized. In fact the list is meant to highlight as many degrees & certiifcations as possible. Anything that is missing is most likely due to good-old human error.

    Actually, the MBA is not a pure "Islamic finance MBA" so probably that is why it didn't show up under our radar screen. However, it does provide an Islamic finance stream so we will definitely add it into the list.

    Thanks & Regards

    ReplyDelete
  3. Effat University, the first private non-profit university for women, will be inaugurating the Executive Master in Islamic Financial Management (XIFM) on May 11th 2009, in collaboration with Ecole Supérieure des Affaires (ESA), and the Rotterdam School of Management (RSM).

    ReplyDelete
  4. Assalamu Alaikum,

    There is also QFIS - The Qatar Faculty of Islamic Studies which offers a comprehensive program on Islamic Finance - A Diploma or a Masters of Science in Islamic Finance.

    www.qfis.edu.qa

    ReplyDelete
  5. Assalamu Alaikum,

    Jazakallah Khair for the list, it has been very beneficial in researching the plethora of Islamic Finance Educational programs. However, it is very difficult to judge which path is best for someone like me who has grown up in the USA and has finished a bachelors in Economics here. I know I want to pursue a path in Islamic Finance and Banking, however, I'm not sure which licenses are best recognized in the Islamic Banking community. For example, is completion of the CIFE license a qualification which reflect expertise or is it better to do a masters from AIMS or BIBF? There are also many other licenses such as the CIPA from AAOIFI. Bottom line is, is there any way to figure out which are the most highly respected licenses in Islamic Finance? Which licenses do the top managers in Islamic Finance and Banking look for?

    Jazakallah Khair for your help,
    Shakeeb

    ReplyDelete
  6. Hello Shakeeb,

    Thanks for your note, I have made a comment on our linkedin group asking members for feedback as well. I refrain from recommending any single certification but it also depends on which career path/stream you wish to focus on. Right now industry education is at a nascent stage, but considering you already have an economics degree it seems reasonable to suggest aiming for a certification to complement that (as opposed to further university-based study).

    Also, CIPA from AAOIFI is catering to Auditing professionals, so you can also filter the many certifications by trying to identify the specific career path you want to look into (Takaful? asset management? accounting/auditing? risk management? etc).

    Some good descriptions in the second post from the blog:
    http://islamic-finance-resources.blogspot.com/2010/02/islamic-finance-training-programs.html

    Regards

    ReplyDelete