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With significant recent growth and an ever expanding market - the demand for Islamic bankers and scholars has never been greater.

With this in mind, Islamic Banker highlights some of the key Islamic finance study programs and qualifications, in alphabetical order, therefore, we start with the AAOIFI below - please use the course links on the right side to explore other key qualifications in Islamic banking.

If you have recently undertaken a course or have any queries, then please feel free to use our Have Your Say section.

The details in the Qualifications section have been collated from the specified qualification websites (source provided in "Contact Details..." tab). This information is provided only as a convenience and does not imply an affiliation, sponsorship, endorsement or approval by Islamic Banker.

Course Objective...
Course Structure...
Requirements...
Fees...
Contact Details...

Qur'an
Certified Islamic Professional Accountant (CIPA)

Certified Islamic Professional Accountant (CIPA) program is designed to equip candidates with the requisite technical understanding and professional skills on accountancy for international Islamic banks and financial institutions. Through the CIPA program, candidates will gain advanced knowledge on:

Objectives and concepts of financial accounting for international Islamic banks and financial institutions.
Accounting rules and treatments for international Islamic banking and finance transactions.
General presentation and disclosure for financial statements of international Islamic banks and financial institutions.
Application of Shari'a for international Islamic banking and finance products and services.
Effective governance and Shari'a compliance structures in international Islamic banks and financial institutions.

Please add your comments below...

CIPA program covers technical subjects that are essential to accountancy for international Islamic banks and financial institutions, including:

Development of international Islamic banking and financial systems, and functions of Islamic banks and financial institutions.
Accounting concepts and principles for international Islamic banking and finance.
Qualitative characteristics of accounting information for international Islamic banking and finance.
AAOIFI's accounting standards on financial reporting for the international Islamic banking and finance industry.
AAOIFI's Shari'a standards on Islamic finance products and practices, and Shari'a basis for those standards.
AAOIFI's Governance standards on Shari'a compliance and review processes.

To be eligible for the program, candidates must have a recognised university degree or a recognised professional
qualification in accountancy.

Option 1: US$2,900
Registration fees+ Program fees* + Study packages + Training fees + Examination fees

Option 2: US$1,800
Registration fees+ Program fees *+ Study pack + Examination fee

Option 3: US$1,400
Registration fees + Program fees* + Examination fees

Block 304, Al Muthana Road, Yateem Center,
Building 71, 4th floor, Office 403
Manama

Postal Address:

P.O.Box: 1176, Manama, Kingdom of Bahrain

Tel.: +973 17 244496

Fax: +973 17 250194

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website: http://www.aaoifi.com/cipa2.html

11 Votes

13 Comments

khalidjutt96 makes this comment

Sunday, 04 April 2010

i want to know About AIMS i want study in CIFE then MBA islamic banking and finance.
is it a good institute and degree is recongize.
Omar makes this comment

Sunday, 16 August 2009

Aslam and Sanil,

I think the most important thing for senior roles is relevant experience... A significant number of banks are hiring people directly from the conventional industry, but hopefully this will change as the industry develops more. I think we're already seeing this Malaysia.

As for Qualifications for these kind of posts... it's difficult to say, because most of the qualifications are new and as of yet, there isn't a globally recognised standard. However, I know INCEIF is well recognised... Also you might want to have a look at the CASS MBA, but it's very expensive, so you will most likely need sponsorship...

All the best with your studies,
Omar
aslam makes this comment

Saturday, 15 August 2009

i have just finished my b.com and i want know which is the best course to do to be in a high post in a bank
SANIL.S.K makes this comment

Thursday, 23 July 2009

Please let me know which is the best course for equipping one to become a senior executive of an Islamic Bank
Moderator makes this comment

Wednesday, 17 June 2009

Hello Aysha,

You can confirm the required qualifications to study a course by clicking on "Requirements" tab.

Please feel free to contact us, if we can assist furter,

All the best with your studies,

Warmest regards,
Islamic Banker Education
aysha makes this comment

Wednesday, 17 June 2009

what qualifications do you need to have to study islamic finance?
Azhar makes this comment

Wednesday, 08 April 2009

I have completed the IFQ and I find it very useful for beginners who come from conventional banks. I only used their booklet plus supplementary exams questions about 50 of them, but I researched a lot on the internet to understand the concepts.
Irfan Rashid makes this comment

Tuesday, 24 March 2009

Well done to Islamic Banker for actually informing us of the different courses that are available and not just highlighting the popular or common qualifications.

Good Work.

Muslim-Network
Hisham makes this comment

Tuesday, 24 March 2009

In my view, I am currently doing the IIBI programme and I should say Masha Allah for a beginners programme for entry level into Islamic banking, it is really good, except for the fact that it is distance learning method, where as I prefer in-class programmes.

Considering the in-class programmes, I have visited both places (INCEIF & IIUM-IIiBF) in Malaysia and Insha Allah I will be following the CIFP programme. When considering the programmes, in my view, I believe that INCEIF moulds and teaches the student exactly what he or she needs to work in the industry. Whereas, IIUM-IIiBF programme can tend to be very theoretical and lacks in practical perspective.

But, Masha Allah the campus of IIUM is really beautiful and is a very Islamic atmosphere. Insha Allah, INCEIF is hoping to move out from its current location, so I hope when I go there, Insha Allah, it will be as comparable with IIUM
Nishanth makes this comment

Tuesday, 24 March 2009

Hey ... Nice list indeed, a much awaited one...

Thanks

Nishanth
Shakeeb makes this comment

Tuesday, 24 March 2009

Sapphire - please refer to the below links for more information on the IFQ:

SII - Islamic Finance Qualification

SII Islamic Finance Qualification FAQ

Thanks
Sapphire makes this comment

Tuesday, 24 March 2009

Very useful list - Thanks. Has anyone completed the IFQ? I am considering to apply for the qualification and will find some advice very helpful. example whats the recommended study time, useful supplement reading etc.
Bibi makes this comment

Tuesday, 24 March 2009

Good list... been looking for this for a while!

islamicbanker.com

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