Certificate Cources [Institutional Collaboration]

THE ISLAMIC Banking and Financial Service has been the greatest modern innovation in the world of banking and finance. It is now one of the fastest growing sectors of the financial market. It is experiencing significant development; from being utilized only in a handful of Muslim-majority countries, it has expanded into viable and vibrant component of the global financial system.

To match the growth in manpower demand, particularly in Nigeria and other West African countries, the Islamic Banking and Finance Institute Nigeria, [previously in collaboration with The Institute of Administration, Ahmadu Bello University, Zaria, Nigeria], in close contact with industry professionals around the world, introduced programs of study addressing the needs of Institutions and individuals who may wish to gain knowledge and qualifications in the field of Islamic financial system.

The programs introduced are:

 

  • Three Months Certificate in Islamic Banking and Finance [CIBF]
  • Associate Certificate in Islamic Banking and Finance [ACIBF]
  • Associate Certificate in Islamic Microfinance [ACIM]
  • Associate Certificate in Takaful [ACT]
  • Executive Associate Certificate in Islamic Banking and Finance [EACIBF]

All programs are designed to provide professional qualifications to initiate a graduate into a career in Islamic banking and finance. The programs emphasize the practical aspects of Islamic banking and financial service while providing a fair grounding of the theoretical foundations of Islamic economic system.

Certificate in Islamic Banking and Finance [CIBF]

Three Months Certificate in Islamic Banking and Finance

      The three-month Certificate program is designed to provide a basic but comprehensive understanding of the principles, nature and forms of Islamic banking as is relevant to those entering and/or working in the financial service industry. It also assists Executives that are considering the offering of Islamic banking and financial services, in developing a business case by understanding the basic requirements and dynamics of the sector.

Course Objectives

  1. To provide students with the fundamental knowledge of Islamic banking and finance.
  2. To train students in the instruments and techniques used in the Islamic banking and finance.
  3. To provide an intellectually stimulating environment in which students can develop their knowledge, understanding and analysis of Islamic banking and financial system.
  4. To train executives desiring specializing in Islamic banking and finance in order to assist expansion in the banking and finance industry.
  5. To provide opportunity for students in related disciplines to pursue a Certificate in Islamic Banking and Finance in order to prepare them to enter into the job market in Islamic banking and finance.

Structure and Duration

The Program is to be run on weekends [Fridays and Saturdays], to suit the working hours of professionals. It is structured for three months duration, of 12 weeks, one semester. A student should complete 8 courses of 12 credit hours each, for a total equivalent of 96 credit hours for graduation.

Course Content/Syllabus

  • Issues in Islamic Economics and Finance
  • Principles of Credit financing [including Microfinance]
  • Introduction to Islamic Commercial Law and Contract
  • Islamic Banking Operations
  • Principles of Islamic Capital Market [Sukuk] and Insurance [Takaful]
  • Risk Management, Corporate Governance and Regulation in Islamic Banking
  • Case Study

Pre-requisites

The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance either with (a) banking or finance operations/management experience of up to two years or (b) a business, commerce, banking, finance or any social science National Diploma or equivalent certificate from a recognized university or Polytechnic. A variety of professional qualifications are recognized as meeting this standard.

Teaching and Learning Methods

  • The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  • Contact and feedback is typically provided through coursework assessments (eg. Essays, tests etc), lectures, seminars, group-work, and one-to-one contact with staff within the personal tutoring system.

Attendance and Assessment

  • For each module of the program, a student is required to attend 20 in-class hours, complete the required written assignments and pass the final examination.
  • All students are required to ensure a MINIMUM attendance of 70% in order to qualify to sit the final examinations.
  • A participant must achieve a minimum mark of 50% to pass each module.
  • A student who fails a module would be entitled to a resit examination.
  • Students who could not pass the resit examination would be entitled to a Certificate of Attendance.
  • Each module may also have specific requirements that need to be met in order to gain credit for the module.

Fees

The Program fee structure is as follows:

Application processing fees                                 =N5,000

Course fees/other fees                                         =N180,000

Fees are payable in advance.

 

 

Associate Certificate in Islamic Banking & Finance [ACIBF]

One Month Certificate Course

The one month Certificate program is designed for those who may not have the time to undertake the three-month Certificate program. It is designed with the objective that participants will gain the knowledge of, and appreciate the purpose and needs for the different principles and operations involved in Islamic Banking and how they differ from western banking models.

Structure and Duration

The Program is to be run both at morning and evening sessions to suit the working hours of professionals. It is structured for one month duration, of 4 weeks. A student should complete 4 courses of 15 credit hours each, for a total equivalent of 60 credit hours for graduation.

Course Content/Syllabus

  • Issues in Islamic Economics and Finance
  • Islamic Banking Operations
  • Risk Management and Corporate Governance in Islamic Banking

Pre-requisites

The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance, or have the desire and interest to acquire knowledge of Islamic banking and finance.

Teaching and Learning Methods

  • The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  • Contact and feedback is typically provided through coursework assessments (eg. Essays, tests etc), lectures, seminars, group-work, and one-to-one contact with staff within the personal tutoring system.

Attendance and Assessment

  • For each module of the program, a student is required to attend 15 in-class hours, complete the required written assignments and write the final examination.
  • All students are required to ensure a MINIMUM attendance of 70% in order to qualify for a Certificate.

Fees

The Program fee structure is as follows:

Application processing fees                                 =N10,000

Course fees                                                              =N250,000

Fees are payable in advance. Course fees are refundable if the candidate decides to withdraw two weeks prior to the commencement of the course. 

Associate Certificate in Islamic Microfinance [ACIMF]

Structure and Duration

This program is specifically designed to meet the requirements of Microfinance Institutions. The Program is to be run both at morning and evening sessions to suit the working hours of professionals. It is structured for one month duration, of 4 weeks. A student should complete 4 courses of 15 credit hours each, for a total equivalent of 60 credit hours for graduation.

Course Content/Syllabus

  • Issues in Islamic Economics and Finance
  • Islamic Banking Operations
  • Principles of Microfinance

Pre-requisites

The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance, or have the desire and interest to acquire knowledge of how Islamic banking and finance and be appropriate and applicable in Microfinance Institutions.

Teaching and Learning Methods

  • The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  • Contact and feedback is typically provided through coursework assessments (eg. Essays, tests etc), lectures, seminars, group-work, and one-to-one contact with staff within the personal tutoring system.

Attendance and Assessment

  • For each module of the program, a student is required to attend 15 in-class hours, complete the required written assignments and write the final examination.
  • All students are required to ensure a MINIMUM attendance of 70% in order to qualify to sit the final examinations.

Fees

The Program fee structure is as follows:

Application processing fees                                 =N5,000

Registration fees                                                     =N15,000

Course fees                                                              =N100,000

Examination fees                                                    =N15,000

Fees are payable in advance. Course fees are refundable if the candidate decides to withdraw two weeks prior to the commencement of the course. 

 

Associate Certificate in Takaful [ACT]

 

Executive Course in Islamic Banking and Finance [ECIBF]

One Week Executive Course in Islamic Banking and Finance

The one week Executive Certificate program is developed for Executives and Decision Makers in the Financial, Private and Public sectors who may be interested in acquiring knowledge in Islamic banking and financial system. It is designed to provide a basic but comprehensive understanding of the principles, nature and forms of Islamic banking and finance. It also provides a practical guide in the creation/conversion and operation of an Islamic Banking Window in a conventional Bank. The course will assist Executives that are considering the offering of Islamic financial services, in developing a business case by understanding the requirements and dynamics of the sector.

Course Objectives

  1. To train Executives desiring specialization in Islamic banking and finance in order to assist expansion in the banking industry.
  2. To introduce participants to instruments and techniques used in Islamic banking and finance, and appreciate the theoretical and practical aspects of Islamic financial engineering.
  3. To develop a sound understanding of the Islamic legal principles and doctrines associated with Islamic finance.
  4. To assist participants to develop the ability to critically evaluate the nature and economic benefits of various types of Portfolio investments; and reflect on the roles, skills and responsibilities needed for effective management of the Portfolio.
  5. To provide participants with the knowledge of the roles, skills and responsibilities needed for effective management and corporate governance of an Islamic Bank.

Structure and Duration

The Program is to be run full-time/in-house. It is structured for one week duration, of 4 days. A student should complete 4 courses of 15 credit hours each, for a total equivalent of 60 credit hours for graduation.

Course Contents/Syllabus

  • Issues in Islamic Economics And Finance
  • Islamic Banking Operations
  • Risk Management, Corporate Governance and Regulation in Islamic Banking
  • Case Studies

Pre-requisites

The program is intended for Middle and Senior Management Executives who want to explore opportunities in the area of Islamic Banking and Finance in their organizations and/or are looking to increase their own personal development in the field. Typical job titles, amongst others, include:

  • Chief Executive Officers [CEO]/Deputy CEOs
  • Managing Directors/Deputy MDs
  • General Managers/Deputy/Assistant MDs
  • Board Directors
  • Specialist Managers responsible for business development and strategic planning
  • Head of Human Resources

 

Teaching and Learning Methods

  • The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  • Contact and feedback is typically provided through coursework assessments (eg. essays, tests etc), lectures, seminars, group-work, and one-to-one contact with staff within the personal tutoring system.
  • Class size shall not exceed 20 participants.

Fees

The Program fee structure is as follows:

Application processing fees                                 =N20,000

Course fees                                                              =N350,000

Fees are payable in advance. Course fees are refundable if the candidate decides to withdraw two weeks prior to the commencement of the course.