Certified Qualification in Islamic Finance (CQIF) : Banking

This programme is the advancement in terms of knowledge and competency. Certified Qualification in Islamic Finance (CQIF) – Banking challenges individual’s knowledge, work experience and capabilities through specially designed modules namely Professionalism, Ethics within the compliance framework, Audit Application in Islamic Banking and Risk Management in Islamic Banking Operation.

Learning Outcomes

Upon completion of this advanced level, participants would attain a complete knowledge and have standard proficiency as an Islamic Finance professional. Their professionalism can be measured through their ability to:

  1. Lead and provide guidance to other team members and subordinates
  2. Strategize on current business or market expansion
  3. Be more creative in innovating products and processes
  4. Competently manage issues related to Islamic Finance

Mode of Learning

  1. Face-to-face
  2. Online (e-learning)

Online Access

12 months (1 year)

Contact: training@ibfim.com

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M1: Professionalism, Ethic Within the Compliance Framework

This module will highlight the principles of law, rules, regulations responsibilities and accountabilities of parties that govern compliance practice Islamic Banking operations in Malaysia. Students will develop a detailed and critical knowledge of the laws and guidelines, the importance of ethics and sustainability in the modern organization and enhances one’s skills and abilities to make informed, ethical and professional judgments in a highly regulated environment. Attainment of these knowledge and skills will effectively engage with ethical issues in their working lives that uphold and protect the public confidence and professional reputation as well as integrity of both the participant and his/ her organization in the finance and banking services industry.

M2: Audit Application in Islamic Banking

This module aims to enhance knowledge on some of the theoretical contexts of auditing and to develop the skills needed to evaluate auditing techniques in a variety of practical situations of a financial institution.  The course will walk participants through understanding of the basic auditing terminology, strategies, core processes, and common concepts and terms, the planning, executing and an analysis of an organization’s financial statements using case study exercises. The module will also review audit strategies to address risks and exposures.

M3: Risk Management in Islamic Banking Operation

This module is aimed at participants having previous knowledge of risk and a desire to extend their exposure in the context of Islamic Banking operations. It will focus on credit risk, market risk and operational risk. Highlighted content will include an overview of the nature of risk and its identification and measurement, management and control, corporate governance and stakeholders. Deliberation will be followed with a critical insight towards credit risk, market and operational risk based on Murabahah, Istisna’ financing and Ijarah concepts and Shariah compliance. A range of data and real life case studies will be used to help support and assist participants on understanding practical issues and considerations for Islamic Finance and Banking services.

The Intermediate Qualification in Islamic Finance (IQIF) certificate holder in Banking or equivalent is a prerequisite for a candidate sitting for the CQIF assessment.

Method of Examination:

Part A: Fifty (50) Multiple Choice Questions/ Short Structured Questions

Part B: 2 essay questions

Two (2) hours examination

Passing mark: 60%

Examination Fee: RM300.00