Diploma in Islamic Finance
The Institute of Cost and Management Accountants of Pakistan’s Diploma in Islamic
finance designed for result of growth of the Islamic banking and financial institutions
/ industry, there is a continuous critical need for banking / finance professionals,
who are grounded in their understanding of the substance and form of Islamic Finance.
The Institute offers a complete diploma to fulfill needs of both Islamic and conventional
financial institutions providing Islamic banking services and products. It has been
designed to provide a professional qualification for commerce graduates, Banking
Officers and above to initiate a career in the banking sector and to enhance knowledge.
It emphasises on the practical aspects of Islamic banking and finance while providing
a fair grounding of the jurisprudential foundations of Islamic banking. .
Aims & Objectives
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It is designed to give individuals the following advantages:
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- Offers an intellectually stimulating environment in which students can develop &
enhance their knowledge, understanding and analysis related to the field of Islamic
banking and finance
- Demonstrable expertise in the complex, fast-growing world of Islamic finance
- Give you skills in Shari’ah compliance and the complexities of the contracts that
underpin this compliance
- Provides students with an understanding of the jurisprudential and theoretical fundamentals
core to Islamic banking and finance
- Develop the ability to apply the knowledge and skills they have acquired to the
solution of practical problems in their professional banking careers
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Pre-Requisite
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The qualification will be valuable for:
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- Individuals who have a general interest in Islamic finance
- Newcomers to Islamic finance as well as finance professionals seeking accreditation
in this vast field.
- Individuals who want to embark on a career in Islamic finance or wish to develop
their knowledge for their current job role in an Islamic financial institution
- Financial Institutions who wish to develop their staff on the principles of Islamic
finance that may lead to increase staff performance
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Assessment Criteria
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The candidates will be required to undertake a 1.5 hours computer based examination (CBE) of each level consist of 50 MCQs of 2 marks each.
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Syllabus
- Module 1 : Islamic Commercial Jurisprudence
- Module 2 : Islamic Banking Operations& Takaful
- Module 3 : Islamic Treasury and Capital Markets
- Module 4 : Accounting for Islamic Financial Institutions
- Module 5 : Islamic Insurance
- Module 6 : Business Banking and Trust Law
- Module 7 : Islamic Commercial Law
- Module 8 : Islamic Ethics
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Duration of Diploma
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The classes of each module will be delivered through lectures, discussions, and case studies. 48 hours are allocated for each module, divided into 12 class meetings of 4 hours a day.
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Result
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The result will be displayed on the screen at the end of examination and a list of students will be posted on the notice board of respective centre.
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Certificate
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Following two types of certificates will be issued to participants:
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i- Certificate of Participation:
Upon attending at least 70% classes’ Certificate of Participation’ will be awarded to each participant and CPD hours will be granted according to the actual attendance of participants.
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ii- Certificate of Diploma:
Upon completion diploma certificate will be awarded to each participant. However, certificate of participation will be given to each participant for attending 70% classes.
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Fees for Re-attempt
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Any participant who fails to qualify examination [CBE] may reappear in next schedule examination on payment of Rs. 3,000/- to get the Diploma Completion Certificate.
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For further details please contact to
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Karim Mirza Javeri,
Deputy Director, Training and CPD Department,
ICMA Pakistan, ST-18/C, ICMAP Avenue, Block - 6, Gulshan-e-Iqbal, Karachi, Pakistan.
Cell # 0336-2259183, Direct: +92 21 99244074, karim.javeri@icmap.com.pk
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