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ISLAMIC FINANCE QUALIFICATION

Postgraduate Diploma in Islamic Banking

THIS COURSE WILL BE AVAILABLE FROM MAY 2024

The Postgraduate Diploma in Islamic Banking course is equivalent to Level 7 on the National Qualifications Framework of England, Wales, and Northern Ireland in the United Kingdom.

The course designed to offer a comprehensive study of Islamic economic concepts and the practices of Islamic banking. Rooted in principles and values derived from the Qur’an, the Holy Book of Islam, and the sayings of Prophet Muhammad, the course aims to impart a thorough understanding of core concepts, prohibitions, and methodologies. It places significant emphasis on compliance with Islamic principles and values in various aspects of banking operations, financial product structuring, and investments.

Moreover, the course delves into key management disciplines and corporate governance practices relevant to Islamic financial institutions. It also explores the essence and implications of Shari’ah supervision, highlighting the importance of ensuring that banking activities align with Islamic legal and ethical standards.

Overall, the Post Graduate Diploma in Islamic Banking provides candidates with a comprehensive and rigorous education, equipping them with the knowledge and skills necessary to navigate the complexities of Islamic banking and contribute meaningfully to the Islamic finance industry.

Upon completion, Post Graduate Diploma holders would be well-positioned for a careers in the Islamic banking sector or related fields. The Post Graduate Diploma also serves as a valuable tool for ongoing personal and professional development of those already working in Islamic banks. For those aspiring to higher education, this Post Graduate Diploma may be recognised as meeting entry requirements for Master’s level study in Islamic finance at various universities, along with potential exemptions. 

MASTERS DEGREES (EXEMPTIONS)

The Markfield Institute of Higher Education (MIHE), United Kingdom

The Markfield Institute was founded in year 2000 with a mission to contribute to the development of scholars who can promote an informed understanding of Islam in the modern contemporary context.

Exemptions of modules from the MSc in Islamic Economics, Finance, and Management Programme

Those who have successfully passed the IIBI Post Graduate Diploma in Islamic Banking can gain exemptions of 40 credits from the Markfield Institute’s MSc Islamic Economics, Finance, and Management Degree awarded by Newman University, Birmingham, United Kingdom. The exemptions will be of the following two modules:

PROPOSED RPL FOR IIBI

MIHE MODULES

IIBI MODULES

MF7 701 Islamic Commercial Law and Transactions: Foundation of Islamic Finance

MODULE 2 : Islamic Commercial Law & Contract

MF7 706 Islamic Financial and Capital Markets 

MODULE 5: Islamic Capital and Financial Markets

To complete the MSc programme, candidates will need to complete an additional 140 credits: 80 credits taught modules and a 60 credit dissertation. 

For further information please see Markfield Institute’s website at www.mihe.ac.uk ; or call +44 1530 24492 or email: info@mihe.ac.uk