IFQ Courses in the UK
The Islamic Finance Qualification is a unique qualification offered by the CISI (Chartered Institute of Securities & Investment) and jointly developed with Ecole Superieure des Affaires (ESA) of Lebanon. The Islamic Finance Qualification is the first internationally recognised qualification that directly addresses Sharia’a compliant financial services. Islamic contracts are governed by Sharia’a law and those companies or individuals that specialise in providing financial services to the Islamic world need to fully understand the implications.
IFQ Qualification Benefits
.jpg)
Those candidates who successfully complete the IFQ course and qualify will have demonstrated that they are in possession of the necessary knowledge, skills and understanding to work in one of the fastest growing areas of finance in the world. Employers wanting to exploit the lucrative and rapidly growing field of international or local Islamic Finance need specialists to effectively conduct these activities. As the IFQ designation is a relatively new qualification successful candidates will be in the perfect position to take on high calibre positions within top firms wanting to move into Islamic finance.
IFQ Course Structure
The IFQ syllabus comprises of 10 key elements starting from teaching the basics of Islam before proceeding onto the financial issues and concepts that Sharia’a law is applied to and how it is applied.
Element 1 - Introduction to Islam
Element 2 - Introduction to Islamic Banking & Finance
Element 3 - Islamic Law of Contracts
Element 4 - Financial Techniques Applied by Islamic Banks
Element 5 - Financial Statements for Islamic Banks
Element 6 - Islamic Corporate Governance
Element 7 - Islamic Asset & Fund Management
Element 8 - Islamic Bond Markets – (Sukuk)
Element 9 - Islamic Insurance – (Takaful)
Element 10 - Case Studies
IFQ Course Requirements
There are no specific entry requirements for you to satisfy before embarking on the Islamic Finance Qualification although it is best suited to those already active in the financial services industry.
IFQ Exams
The IFQ examination lasts two hours in duration and consists of 100 multiple choice questions. Each question addresses a specific element of the course with different maximum values in terms of the percentage of the overall marks. The pass mark for the Islamic Finance Qualification is 70% and a personal study time of 100 hours is recommended for this course.
