The Post Graduate Diploma of IIBI is equivalent to Level 7 of the National Qualifications Framework of England, Wales and Northern Ireland of the United Kingdom.
The Post Graduate Diploma is a standalone Islamic finance qualification in Islamic banking and insurance. The course is aimed at providing a deeper understanding of both Islamic banking as well as Islamic insurance, known as takaful. You will gain a solid foundation in the core concepts and prohibitions as well as the methods applied in Islamic banking and insurance operations and the broad implications in structuring financial products and investments to comply with Islamic principles. You will also develop a wider understanding of the important management disciplines and corporate governance that must equally comply with the core Islamic principles requiring to protect the interests of all stakeholders, not just the shareholders.
The course is open to all across the world. You will not need to have any background in banking and insurance and knowledge of Islamic principles. You will learn to apply economic reasoning to differentiate between the objectives of Islamic banking and insurance and those of conventional banking and insurance.
On completing the course, you will be able to pursue a career in the Islamic finance sector while others should be able to use the Post Gradate Diploma as part of their continuing personal and professional development, within banking and insurance, or in related areas. Alternatively, if you wish to pursue higher you may apply for admission in a University that will accept the IIBI Post Graduate Diploma as an entry requirement for their Master’s level study in Islamic finance and for any exemptions; further information is provided below under Recognition and Accreditation
Markfield Institute of Higher Education, UK
Those who have successfully passed the IIBI Post Graduate Diploma in Islamic Banking and Insurance can gain exemptions of 60 credits from the Markfield Institute’s MSc Islamic Economics, Finance, and Management Degree awarded by Newman University, Birmingham, United Kingdom.
To complete the MSc programme, candidates will need to complete an additional 120 credits: 60 credits taught modules and a 60 credit dissertation. The taught modules can be completed in one semester (two days/week for 12 weeks).