Diploma In Islamic Banking

The Diploma in Islamic Banking of IIBI is equivalent to Level 5 of the National Qualifications Framework of England, Wales and Northern Ireland of the United Kingdom

The Diploma serves as a stand-alone Islamic finance qualification in Islamic banking for those who want more than a basic understanding of the Islamic principles and operating structures applied in banking. Applying Islamic principles that emphasise fairness and justice in commercial transactions of conventional financial markets can pose serious challenges for individuals and Islamic banks.

You will not need to have any background in banking and knowledge of Islamic principles. The course will provide a good grounding of the fundamental principles and the methods adopted by banks that offer Islamic banking products and services. You will acquire the ability to analyse the important differences between Islamic banking and conventional banking.

The course is open to all across the world and is designed essentially to benefit those wishing to pursue a career in Islamic banking and assist those already serving in the industry in their continuing and professional development.

Course Structure:

The Diploma in Islamic Banking course consists of five modules with 23 lessons and questions at the end of each lesson. The questions are designed to test the understanding of the fundamental concepts and the significance of their practical applications which have been explored within the lessons.

• Module I : Islamic  Economic System
• Lesson 1. Introduction to Economic Theories and Islamic Economic System
• Lesson 2. The Historical Development of Islamic Banking
• Lesson 3. Islamic Commercial law
• Lesson 4. The Basic Prohibitions
• Lesson 5. Qard and Dayn in Islamic banking
• Lesson 6. Principles of Islamic Commercial Contracts
• Lesson 7. Islamic law of Sale and Purchase
• Module II : Modes of Shari'ah-Compliant Transactions
• Lesson 1.  Introduction to Islamic Modes of finance
• Lesson 2.  Non-participatory Modes of finance
• Lesson 3.  Participatory Modes of finance
• Lesson 4.  Accessory Modes
• Module III: Islamic Banking Operations
• Lesson 1. Key Characteristics of Islamic Banking Operations 
• Lesson 2. Islamic Retail Banking Services
• Lesson 3. Islamic Investment Management Services
• Lesson 4. Corporate Banking Services
• Lesson 5. Investment Banking in Islamic Banks
• Lesson 6. Treasury and International Banking
• Module IV: Governance, Regulation, Accounting Issues in Islamic Banking
• Lesson 1.  Social Responsibility and Internal Controls 
• Lesson 2.  Regulatory Compliance Functions
• Lesson 3.  Risk Management in Islamic financial Institutions
• Lesson 4.  Modern trends in Islamic Banking
• Module V : Introduction to Islamic Insurance (Takaful)
• Lesson 1.  Insurance and the Introduction of Takaful
• Lesson 2. Takaful and Retakaful