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Islamic Finance Qualification (IFQ) : What Is The IFQ? Key Features

What is the IFQ? The IFQ is a global qualification which covers Islamic finance from both a technical and a Sharia’a perspective. Developed by industry experts, the qualification will equip you for success in this rapidly developing field. It provides an understanding of the influence of Sharia’a in a business context and prepares candidates to hold key positions in the Islamic finance and takaful (Islamic insurance) industries.

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Jazeel Muabrak
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371 views2 pages

Islamic Finance Qualification (IFQ) : What Is The IFQ? Key Features

What is the IFQ? The IFQ is a global qualification which covers Islamic finance from both a technical and a Sharia’a perspective. Developed by industry experts, the qualification will equip you for success in this rapidly developing field. It provides an understanding of the influence of Sharia’a in a business context and prepares candidates to hold key positions in the Islamic finance and takaful (Islamic insurance) industries.

Uploaded by

Jazeel Muabrak
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Islamic Finance Qualification (IFQ)

What is the IFQ? Key features


The IFQ is a global qualification which covers Islamic • Sharia’a compliant - examines the practices used in
finance from both a technical and a Sharia’a perspective. the Islamic financial markets and the principles behind
Developed by industry experts, the qualification will equip investment selections
you for success in this rapidly developing field. It provides
• Available in Arabic - the exam can be taken in English
an understanding of the influence of Sharia’a in a business
or Arabic
context and prepares candidates to hold key positions in the
Islamic finance and takaful (Islamic insurance) industries. • Awarded by two world-renowned institutions - the CISI
and l’Ecole Supérieure des Affaires (ESA)
The qualification is available worldwide and both the exam
and learning manual are produced in English and Arabic. The • Industry recognition - initiated and supported by the
IFQ is an industry leading qualification which is supported by Central Bank of Lebanon (Banque du Liban)
the Central Bank of Lebanon (Banque du Liban).
• International qualification - since its launch, the exam
has been taken in over 40 countries
Who should study for the Islamic • Endorsed by the Financial Skills Partnership (FSP)
Finance Qualification? – the IFQ features on the FSP Recommended List of
Examinations.
The IFQ is appropriate for existing and new employees and
those seeking a career in Islamic finance. • Free CISI Student membership - become associated
with a chartered professional body and take advantage
of an extensive range of benefits
Advisory Council for Islamic Finance • ACSI designatory letters
The IFQ was initiated by the Central Bank of Lebanon
(Banque du Liban) and was jointly created by l’Ecole
Supérieure des Affaires (ESA) and the CISI. These bodies
convened the Advisory Council for Islamic Finance (ACIF), a
group of experts, to develop and oversee the qualification.

Supported by
“
11/14

Syllabus summary In the fast-evolving world of Islamic


• The Basis of Islamic Banking and Finance finance, having a strong foundation
• An Introduction to Islamic Banking and Finance is key. The IFQ qualification provides a
• Islamic Law of Contracts core understanding of the theoretical
• Financial Techniques Applied by Islamic Banks
• Islamic Asset and Fund Management
concepts behind many of today’s
• Sukuk Market products, which is the quintessential first
• Islamic Insurance - Takaful step in tailoring Islamic finance to suit
• Financial Statements for Islamic Banks increasingly sophisticated client needs.
• Islamic Corporate Governance
Rizwan Chaudhry, Senior Associate,
The Islamic Bank of Asia
Ofqual approval
The Islamic Finance Qualification is recognised by Ofqual as the level 3 Certificate in Islamic Finance. This qualification
is regulated by Ofqual as a level 3 qualification on the Qualifications & Credit Framework (QCF). Success in this
qualification carries with it 13 QCF credits. Visit cisi.org/ofqual. On the European Qualifications Framework, this equates
to a level 4 qualification. For further information visit cisi.org/eqf

Studying for the IFQ


Preparation, using the accompanying learning manual and elearning, requires approximately 130 hours of personal
study time.
UK candidates only: when you book for an examination, either individually or through one of our Accredited
Training Providers, you will also receive the most up-to-date CISI workbook for that subject (unless you have
already purchased the workbook). To find an ATP near you visit cisi.org/atp

Assessment
The IFQ is completed by passing a 100 multiple-choice question exam. The exam is delivered by Computer Based
Testing (CBT). A worldwide network of test centres is available, ensuring flexible scheduling, instant results and ease of
completing the exam on screen. Visit cisi.org/cbt to find your nearest venue.

How to register
Step 1: Register online at cisi.org/register Step 3: Complete the Qualifications
Step 2: Book your exams: Registration Form at cisi.org/qrf
online – cisi.org/ifq
by phone – +44 20 7645 0777 Visit cisi.org/prices for current prices
via email – [email protected]

Next steps
CISI Membership
You will receive free Student membership of the CISI whilst you study and will have access to a wide range
of benefits. Upon successful completion of the IFQ you will have the opportunity to upgrade to Associate
membership and you will be entitled to use the designatory letters, ACSI.
CISI membership enables you to develop your career, increase your competence and maintain the highest
standards of personal integrity. The programme of free professional benefits assists you to keep up to date with
the industry. Visit cisi.org/membership

Further CISI qualifications


We have agreed a partnership with the Institute of Islamic Banking and Insurance (IIBI); where candidates with
the IFQ can apply for the IIBI’s Diploma.

cisi.org/ifq +44 20 7645 0777 [email protected]

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