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


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.


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.