Three Months Certificate [CIBF]

Three Months Certificate in Islamic Banking and Finance [CIBF]

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


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.


The Program fee structure is as follows:

Application processing fees                                 =N5,000

Course fees/other fees                                         =N180,000

Fees are payable in advance.