CIIF
15 Courses
Comprehensive Assessment Paper
This module is an extension to the concepts introduced in the Shariah module (Foundation) and expands on the underlying principles that form the basis for financial products and services. The primary focus is on contractual principles and structures in financial transactions - what constitutes Shariah-compliant contracts, their validity and elements, intended facilities and economic impact, what would nullify or breach the contracts, and the products' incentives and liability management from the business perspective.
Comprehensive Assessment Paper
This module prepares
candidates to operate in today's economic and financial landscape.
The first part of the module, on applied economics, is designed for candidates to develop an awareness
of key economic activities that affect the financial system and financial
institutions (Fls). The second part of the module, on the financial system,
touches on the role of FIS in facilitating the flows of goods, services and
funds between governments, households, firms and external trade. In addition,
candidates will learn about the various financial markets, lessons from past
crises and monetary policy operations.
Comprehensive Assessment Paper
This module introduces candidates to how Islamic banks operate, the main services that Islamic banks provide, and the relationship between Islamic banks and their customers in providing these services. Candidates will learn about risk in Islamic banking services and the risk management measures practised in Islamic banks. The module ties together some of the Shariah, legal and financial system knowledge from the Foundation level, and sets the stage for competency-driven modules such as Banking Operations 2 and Structuring Products at the Proficient level.
Comprehensive Assessment Paper
The objective of this module is to develop the key competencies required for candidates to become a practitioner in the areas of retail banking, business banking and/or trade financing. This module will also provide an insight to the tools to improve banking operations including customer evaluation, financial market, and industry analysis.
Comprehensive Assessment Paper
This module introduces candidates to the legal, regulatory and Shariah governance framework that underpins the conduct of Islamic financial institutions. Candidates will be exposed to the practices of the legal and regulatory frameworks for Islamic finance in several key jurisdictions. This module will also introduce the roles of international standard-setting bodies in developing best practices for the regulation of the sector. Finally, candidates will learn of the regulatory and compliance issues from the perspective of both regulators and institutions. The broad overview of regulatory matters in this module sets the stage for operations-related and product-structuring modules at the Intermediate and Proficient levels.
Comprehensive Assessment Paper
The module introduces the candidates the general concepts and strategies of sales and marketing, and their application in Takaful operators. This will include a focus on consumer behaviour towards optimising the takaful operators’ brand management policies. In addition, the module touches on the various distribution channels for family and general takaful products. Finally, candidates will be exposed to the unique issue and challenges relating to sales and marketing for takaful operators.
Comprehensive Assessment Paper
This module introduces candidates to the wide range of products and services offered in the banking and takaful industries, and how these products address the financial needs of the various categories of customers. Candidates will learn about the underlying principles of the Islamic law and will be able to differentiate between conventional and Islamic contracts. Lastly, the module will expose the candidates to the comparison between equity and debt products in the banking industry. At the Intermediate level, candidates will progress to the Applied Shariah in Finance module, in which they will critically discuss the underlying Shariah contractual principles that form the basis of financial products and services.
Comprehensive Assessment Paper
This Intermediate level module will provide an introduction to the general accounting framework and principles, focusing on how Islamic financial transactions are accounted for. Candidates will learn the accounting techniques and methods adopted in reporting Islamic financial transactions. Finally, candidates will explore the issues and challenges related to financial reporting for Islamic financial institutions.
Comprehensive Assessment Paper
This module will introduce to the candidates the general concepts and strategies of sales and marketing, and their application in Islamic banks. This will include a focus on consumer behaviour towards optimising the Islamic bank's brand management policies. Finally, candidates will be exposed to the unique issues and challenges relating to sales and marketing for Islamic bank
Comprehensive Assessment Paper
This module is a
primer on the fundamental Shariah principles and concepts, introducing
the candidates to sources of Shariah, applications and impact to trade and
finance, economics and ethics. Candidates will also learn key injunctions
prescribed by Shariah and learn the role of logic and critical reasoning in the application of Shariah
to decide various matters.
Comprehensive Assessment Paper
This module will provide candidates with practical knowledge and skills on the documentation and processes involved to structure an Islamic banking product. Candidates will also be introduced to the practical approaches to effectively manage financing portfolio and risk exposure.
Comprehensive Assessment Paper
This module will provide candidates with practical knowledge and skills on the documentation and processes involved to structure an Islamic banking product. Candidates will also be introduced to the practical approaches to effectively manage financing portfolio and risk exposure.
Comprehensive Assessment Paper
This module aims to provide an understanding of the takaful concept, business models and products. Candidates will be exposed to the concept of risk and mitigating such risks through takaful, and candidates will learn the legal and Shariah regulations governing the takaful industry. Candidates will also take a deeper look at takaful products in terms of underlying principles, types, risk covered, and exclusions. The module ties together some of the Shariah, legal and financial system knowledge from the Foundation level, and sets the stage for competency-driven modules such as Takaful Operations II and Structuring Products at the Proficient level.
Comprehensive Assessment Paper
The objective of this module is to develop the key competencies required for candidates to become a practitioner in the area of family and/or general takaful. The module covers risk assessment and pricing of Takaful Products. Candidates will also learn about key processes such as underwriting and claims, and the management of these processes.
Comprehensive Assessment Paper
This module will develop the candidates' understanding of the treasury operations and products in a Shariah-compliant business environment, and the legal and regulatory framework within which the treasury function operates. This module will also lead candidates to acquire practical knowledge and skills in the capital market, money market, foreign exchange market, and Islamic derivatives market.