There are scores of training programmes and qualifications in Islamic banking and finance offered by various academic and non-academic institutions throughout the world. But without a doubt, Islamic Finance Qualification (IFQ) remains the best qualification amongst its peers. Developed by the Chartered Institute of Securities and Investment (CISI) London, in conjunction with Ecole Superieure des Affaires Lebanon, IFQ has emerged as the best short-duration qualification in Islamic banking and finance.
The 6th edition of the official workbook for IFQ, released in 2014, is a significantly improved version over its predecessor. There are nine chapters, entitled as follows:
• The Basis of Islamic Banking and Finance
• An Introduction to Islamic Banking and Finance
• Islamic Law of Contracts
• Financial Contracts and Techniques Applied by Islamic Banks
• Islamic Investment Management
• Sukuk Market
• Islamic Insurance – Takaful
• Financial Statements
• Islamic Corporate Governance
As the list above suggests, the coverage of topic is comprehensive encompassing all the important aspects of Islamic banking and finance. It is a global qualification that covers Islamic finance from both a technical and a Shari’a perspective, providing the first international benchmark in the area of Islamic finance. It provides an understanding of the influence of Shari’a in a business context and prepares candidates to hold key positions in the Islamic finance and takaful (Islamic insurance) industries.
The IFQ is recognised by Ofqual as the Level 3 Certificate in Islamic Finance. It is regulated by Ofqual as a level 3 qualification on the Regulated Qualifications Framework (RQF). Success in this qualification carries with it 13 RQF credits.
Those who are looking for a British qualification in Islamic finance that is globally accepted should consider taking up IFQ as a first step towards a successful career in Islamic banking and finance.
The qualification may be pursued in either English or Arabic.
