Building on the success of the CIMA diploma in Islamic finance (CDIF) which was launched in Ireland in 2011, CIMA is once again delivering a blended learning tuition offering of the CDIF in 2012.
As the first professional accountancy body to introduce a professional qualification in Islamic finance to the Irish market, CIMA is keen to continue the momentum at a time when the Irish government is actively working to establish the IFSC as a European hub for the provision of wholesale Islamic finance services.
Students who enrolled on the 2011 course represented a wide variety of backgrounds and sectors including aviation, telecommunications, public service, manufacturing, advisory, legal, banking and FDIs.
Register for the 2012 blended tuition programme
Enrolments are now being taken for the blended tuition programme until Friday 25 May 2012. Please complete our enrolment form (PDF 366KB) and return by:
- post to CIMA Ireland, 5th Floor, Block E, Iveagh Court, Harcourt Road, Dublin 2
- email cima.ireland@cimaglobal.com
- fax to +353 (0)1 6430 401.
What students have said about the CDIF
‘I was attracted to the diploma in Islamic finance due to the flexible study programme and distance learning. As a result of the course I have developed a strong foundation in all aspects of Islamic finance which will allow me to further my career in this direction.
'This course is a must for those pursuing a career in Islamic finance and I highly recommend it.’
Fiachra Farrell, treasury specialist
‘I am delighted with the decision I made to join the CIMA diploma in Islamic finance blended learning programme. The package included good study support, including access to top industry experts for queries.
'As a result of joining I was kept up to date on developments in the fast moving Islamic finance industry and was invited to be part of the global Islamic finance network. I would highly recommend the course to anyone who wishes to be at the forefront of Islamic finance.’
Iskandar Tariq, manager, financial services, Grant Thornton
Islamic finance
The Islamic finance industry is growing at an exponential rate and the sector’s global worth is estimated to be between EUR920 billion and EUR1 trillion, with an annual growth rate of 15% to 20%. This growth has continued throughout the global economic crisis largely because of its vigorous screening processes and stringent corporate governance practices in dealing with excess liquidity in many oil producing countries.
Who is the CDIF for?
If you want to be well placed to play a role in an important area of growth and opportunity for Ireland, then this specialist diploma in Islamic finance is for you.
Given the objective to position Ireland as a European hub for the delivery of wholesale Islamic finance services, the CDIF is particularly suitable for executives working in, interacting with or providing professional services to the financial services industry in Ireland. This applies in particular to accountants, bankers, corporate treasurers, fund managers, policy makers, public servants, regulators and solicitors.
Certificates
The CIMA diploma in Islamic finance is comprised of four individual certificates that will be delivered via CIMA’s blended tuition package. Upon completion of all four certificates you will be awarded the CDIF.
The content of the four certificates:
Certificate in Islamic commercial law
- the sources of Islamic commercial law including the Qur’an and the traditions of the Prophet Mohammad
- the methodologies used to solve modern problems in Islamic finance
- the historic contracts involved in Islamic commercial law
- Shari’ah compliance and the importance of the Shari’ah standards.
Certificate in Islamic banking and takaful
- the developments which have taken place with regard to Islamic financial institutions and systems
- the main source of funds available to banks and how these sources are rewarded
- the various products developed by Islamic banks for their customers
- the products and services offered under takaful and issues relating to underwriting, deficits, surpluses and retakaful
- the financial and operational risks common to both the banking and insurance sectors.
Certificate in Islamic capital markets and instruments
- the differences between conventional and Islamic capital markets
- the primary and secondary capital markets
- regulation within the Islamic capital market
- screening processes used in accepting / rejecting Shari’ah compliant products.
Certificate in accounting for Islamic financial institutions
- the reporting framework and standards of Islamic financial institutions
- the analysis and classification of Islamic funding and financing transactions
- how transactions adopting different contracts of financing are reported in the Islamic financial statements
- financial accountability and Shari’ah compliance of Islamic financial institutions.
Blended learning tuition
Delivery of the CDIF is via a 'blended tuition' offering combining access to online and hard copy study material; a web based, tutor monitored 'CDIF discussion forum'; and attendance at four revision seminars.
Find details (PDF 61KB) of the CDIF blended tuition schedule and format, from June 2012 to December 2012.
Designatory letters
The diploma in Islamic finance is a recognised CIMA qualification which carries the designatory letters of 'CDIF'.
Fees
The total cost for the CDIF blended tuition package is EUR990. This includes access to CIMA online study material and the web based ‘CDIF discussion forum’, hard copy study guides, attendance at four half day revision seminars and two attempts at each assessment.
For more details, please contact:
T. +353 (0)1 6430400
E. cima.ireland@cimaglobal.com
See further details on CIMA's Islamic finance qualifications.