Professional Advanced Diploma in Islamic Finance

Country

Bahrain

Registration Terms

Professional Advanced Diploma in Islamic Finance The Professional Advanced Diploma in Islamic Finance targets the participants in the programs of professional certifications issued by the General Council, either directly or through its accredited agents and marketers worldwide. • The Professional Advanced Diploma in Islamic Finance targets the participants who have already passed the exam of the Certified Islamic Specialist Programs, and obtained the certificate of qualification with a success rate ranging from 50% and above in the Certified Islamic Specialist certificates. • Any candidate who has obtained a qualification certificate or a certificate of the Certified Islamic Specialist in the following areas of specialization is eligible to register in the Professional Advanced Diploma in Islamic Finance 1. The Certified Islamic Banker 2. Four core professional certificates including the Certified Islamic Specialist in Islamic Capital markets, the Certified Islamic Specialist in Trade Finance, the Certified Islamic Specialist in risk management, and the Certified Islamic Specialist in Takaful insurance. 3. Two of the elective certificates offered by the General Council, including the Certified Islamic Specialist in Accounting, the Certified Islamic Specialist in Sharia Auditing, and the Certified Islamic Specialist in Corporate Governance and Compliance. Applicants shall send copies of the required certificates to the International Islamic Finance Training Center. Applicants registering in the Professional Diploma in Islamic Finance get a special discount in the form of exemption from the registration fees for all courses, core or elective, and examinations for the Certified Islamic Specialist

Certificate / Course Program

Certified Islamic Banker (Core) : • Introduction to Islamic Financial Contracts • Islamic Banking System • Islamic Finance Operations • Islamic Investment Operations • Islamic Banking Services • Sharia Boards Capital markets (Core) • Definition of the Islamic financial market and its role • Types of financial markets • Sharing and joint stock companies • Banking services relating to financial markets • Islamic Financial mediation Companies • Derivatives • Instruments • Investment portfolios Trade Finance (Core) • Importance of Trade Finance and methods of its financing • Standby Letters of Credit • Bills for collection and documentary drafts • Letters of credit • Guarantees of international contracts • Banking operations related to Trade Finance Risk Management (Core) • Introduction to risk in financial institutions • Types of risks in financial institutions • Risk management according to international and Islamic standards • Credit risk management • Market risk management • Operational risk management • Liquidity risk management Basic of Islamic Accounting (Core) • Introduction to Islamic accounting • Accounting procedures and financial statements • Introduction to Islamic banking accounting • Accounting applications for banking deposits • Accounting applications for deferred sale • Accounting applications for Murabaha Takaful Insurance (elective) • Principles of Takaful Insurance and its comparison to Commercial Insurance • Islamic Background for Takaful Insurance • Sharia Supervision of Insurance companies • Applications Takaful Insurance in Islamic banks • Contemporary problems facing the Takaful industry and the outlook of the future Governance and compliance (elective) • Corporate governance in Islamic banks • Situation of governance in Islamic banks • Elements of the environment supportive to corporate governance in Islamic banks and financial institutions • International and Islamic standards of governance • Compliance in Islamic banks • Compliance in banking operations Basics of shari’a Audit (elective) • Audit and control procedures in Islamic financial institutions • Sharia observations and their impact on classifying Sharia Audit reports • On-field Sharia Audit tools • Quality in Sharia Audit • Procedures of transactions’ presentation to Sharia Board • Minutes and reports of the Sharia Board • Professional framework for external Sharia Audit