Certificate in Islamic Finance – Free Online course – IIISEF

International Institute of Islamic Economics and Finance, an Islamic business school based in the United Arab Emirates introduces a set of free courses in Islamic finance as a part of their community service project. IIISEF has listed many courses online in business, finance and economics. These are courses are taught online by well know professors in Islamic finance. The institute is guided by well qualified Islamic scholars who have a doctorate in Islamic finance, Islamic studies, conventional finance and accounting. All of the Islamic finance courses listed in the learning portal is prepared according to the guidelines of AAOIFI. AAOIFI Stands for Auditing and Islamic accounting organization for Islamic financial institutions. AAOIFI is Bahrain based accounting, auditing and sharia standard-setting international organization. Most of the Islamic banks prepare their financial statements according to the guidelines of AAOIFI.

This “Certificate in Islamic Finance” is a free introductory course to the world of the Islamic finance industry. The has been prepared according to the modern whiteboard animation with voice over. So that the students will not feel board in learning the course rather, the student would enjoy the course. The assessments make sure that the students understood the concepts thoroughly.

Students can apply for the course using the following link;

Certificate in Islamic Finance – International Institute of Islamic Economics and Finance (iiisef.com)

email for further information : admin@iiisef.com

Launching of “Basics of Islamic Finance” – Online Islamic finance short course

Most comprehensive course in Islamic finance was launched by me in Udemy.com (Udemy is an online learning portal with over 130,000 courses and 35 million students).

Within two days of launching the course, 220 student enrolled and got review for 5 starts as of today.

There are 50+ animated lessons explaining the concept in simple language over 2 hours. The course also contains 8 assessment to make sure that students understood the concept. The students will be given a certificate of completion at the end of the course.


I have given maximum effort to deliver the course as an expert in the subject. This is only course in Udemy with highest ranking and with highest quality contents and assessment with animation.

The whole course was designed by me including script writing till mind map in order to make the subject easy for beginner of Islamic finance. I have been teaching Islamic finance over 10 years and observed that many instructors failed to deliver the Islamic finance basic principles in simplified way to be able to understand by the beginner. Those courses contains full of jargons and too much complicated theories. Many students does not want to even start Islamic finance thinking its something to do Arabic and Muslims.

With my extensive experience with Dummies book, (Islamic finance for dummies), I was able deliver the subject to many interested students who wanted to know about Islamic finance through webinars, seminars, workshops and classroom from beginner level to Master courses.

Over 10 years of experience, I was able to develop a very comprehensive course in Islamic finance and delivered via Udemy.com with the two hours animated lecture series, I could made the basics of Islamic finance understandable to anyone who does not any thing about Islamic finance.

Compared other Islamic finance courses delivered by the respected instructors, this course contains everything from Islamic banking, capital market, Islamic law and Islamic insurance. I have made most of the materials into to mind map, so that the student won’t be lost in the middle course. Further, lectures has been split into two to three minutes videos to make the subject short and simple.

Special feature about this course compared to other course, this course contain 8 quizzes to make sure the students understood the concept thoroughly. There are around 6 mini case studies has been given to explain the concept of Islamic financial instruments. These are two added advantages of this course. Further, I have enable Q & A with instructor in order to discuss with the instructor, so that my beloved student will be in touch through out the course and after completing the course also.

Course Syllabus

  1. Introduction to Islamic finance
  2. Islamic finance industry
  3. History of Islamic finance
  4. Islamic commercial law and Islamic finance
  5. Islamic financial instruments
  6. Islamic banking
  7. Islamic capital market and instruments
  8. Islamic bonds (Sukuk)
  9. Islamic insurance (Takaful)


The course is currently in introductory offer price by Udemy at 50% discount (The regular price is $ 199 and with coupon it would be reduced to $98.99


If you are interested, please click on the course and register yourself and enter code given below.

Please share with friends and family whoever wants to know Islamic finance in simplified way.

Course Name : Basics of Islamic Finance

Instrucor : Dr Faleel Jamaldeen’

Link for the course : https://www.udemy.com/course/islamicfinance/?couponCode=D2B7851D1826A0ED4A25

Coupon code : D2B7851D1826A0ED4A25

Diploma in Islamic Finance Course 2017

The following list of courses were prepared from the relevant institutions website. Please contact the institutions for further detail. islamic finance courses-1

Dissertation Topics in Islamic Finance and Economics (Updated)

These are dissertation or thesis proposal. Researcher are free to develop based on these themes. These proposal includes the banking, producti development, risk management, performance, economics, corporate governance, marketing, information technology, strategic management, human resource management, micro financing, Sharia board, and contemporary thoughts.

The author expects contribution from the researchers and students for preparation of dissertation or thesis topic selection( These just sample can be modified as per user requirements)

Compare the customer deposits between Islamic and conventional bank

The sources of uses of funds in Islamic banks – country or region specific comparative analysis

Islamic banking experiences : A country comparative analysis or study

Islamic Financial Instruments development

Customer relationship between the conventional and Islamic banks

Profit and Loss sharing mechanism of Islamic Bank

Interbank bench mark for Islamic banks – proposals

Developing Islamic financial instruments to ease the interbank transaction

Do mergers or acquisition will affect the efficiency of Islamic banks

Islamic banks entry – from a country perspective

Profitability and risk management of Islamic banks and IFI

Analysis of derivatives instruments by Islamic banks

Financial engineering in Islamic finance industry: Country comparison.

Financial engineering in Islamic finance for way forward ..

CSR and profitability of Islamic banks

How corporate governance is different from conventional banking and Islamic banking

Comparative analysis of performance of Islamic banks and conventional banks during the financial crises/ post or during.

Investigating the Customer Relationship Management in Islamic banks – (case can be taken from any bank or country perspective)

Islamic banks less affected by credit crises

History, development and challenges

Development or establishment of issues of Islamic banking – in particular country or region

Islamic Banking in (country) – Development, perspectives and evolution

Challenges faced by the Islamic banks

Challenge: Arabic terminology – Merits and demerits

Knowledge management and Islamic finance education

Islamic banking and knowledge management

Knowledge Management in Islamic banks

Skill gap and recruitment gap for Islamic financial institution

Employer preference of Online versus traditional degrees in Islamic qualification

How effective Islamic finance education to cater the growing demand.

Standardization or harmonization of Fatwas in Islamic banking/IFI industry.

Islamic finance industry and (Country’s) growth

Contribution of Islamic economy in infrastructure development of the developing country.

More than 500 dissertation topics available on Islamic finance, Islamic economics, Islamic banking, Takaful, Islamic accounting etc. at

International Institute of Islamic Economics and Finance website Free resources (www.iiisef.com)

Click on this link 

Filling a Niche for Islamic Banking

By KRISTIANO ANG

When Fabiola Nava Carrera told her friends that she was going to pursue a master of business administration degree in Islamic finance at a Malaysian university, they were taken aback.

“I was very interested in going there to see what was going on, because I knew nothing about Asian and Islamic culture,” said Ms. Carrera, a 27-year-old Mexican who had previously worked in international trade. “But my friends in Mexico couldn’t believe that I wanted to go to Malaysia, because they thought that it would be too dangerous or that the culture would be too different.”

Ms. Carrera went anyway. Last year, she was one of four students, three of whom were non-Muslim, who graduated from the inaugural class of the Universiti Tun Abdul Razak’s Global Islamic Finance M.B.A. program in Kuala Lumpur.

Read more at New York Times

http://www.nytimes.com/2013/03/27/education/filling-a-niche-for-islamic-banking.html?pagewanted=all&_r=0

Dh30m fund for university research

SHARJAH // The American University of Sharjah has given the go-ahead to three new research centres that will pave the way for work in fields as diverse as Islamic finance and archaeology.

The centres – for research into Gulf coastal ecosystems, Islamic finance and banking, and humanities and science – were approved last week by the university’s board of trustees, which gave the projects a Dh30 million endowment over five years.

read more at

The national at : http://www.thenational.ae/news/uae-news/education/dh30m-fund-for-university-research

Greener pastures open in banking sector

KOZHIKODE: The Muslim education institutions in Malabar have taken a cue from the state government in their interest towards Islamic banking.

While state government is expecting more funds to come to the state through the new banking system, the educational institutions here are gearing up to offer specialized courses anticipating a huge manpower requirement.

Though the RBI nod to start operations for the Islamic finance company Al Baraka Financial Services, promoted by state government’s Kerala State Industries Development Corporation, is awaited, the job market is abuzz with the enormous job potential it is likely to offer.

Islamic banking is an interest-free banking system operated in accordance with Sharia laws that prohibits taking or giving interest. Under the system, banks do not pay interests on deposits nor do they charge interest on loans. The money deposited is used to finance projects on ownership basis.

The fact that many graduates in the state have got lucrative job offers at MNCs in west Asia in companies offering Shariah-compliant mutual funds and venture capital funds has increased the lure for the courses.

“We have seen a growing interest for our postgraduate diploma in Islamic economics and finance (PGDIEF) course. Currently we offer 40 seats a year but the number of applicants last year was nearly 200,” said Mohammed Pallath, chief coordinator of the course at Al Jamia Al Islamiya, a religious college, at Santhapuram. The institution also offers diploma courses of IGNOU in Islamic banking, Islamic finance and Islamic insurance.

Shoukath Ali, a faculty member teaching Islamic finance at the institution, said that requirement for qualified professionals in Islamic finance will see a big rise once the non-banking financial companies (NBFCs) like Al-Baraka and other projects take off. He said that by adopting Islamic banking the state can channel billions of rupees needed for development activities.

There are many other institutions in Malappuram and Kozhikode which offer similar courses. The Elijah Institute of Management Studies in Thrissur has recently started offering a postgraduate diploma course in Islamic banking and management as an add-on course for their MBA students.

source : The times of India

Business schools turn to Islamic finance

As unemployment levels remain high in the West, finance students are being encouraged to gain expertise in Islamic banking so that they will be able to work in the Gulf states and in the wider Islamic world.

Universities are also exposing students to other non-conventional and ethical finance models that include eco-finance and micro-finance.

While universities in the United Kingdom and France have offered Islamic finance programmes for some years because of their large Muslim populations, Spain is also increasingly looking into these programmes.

The Instituto de Empressa (IE) business school in Madrid has been offering Islamic finance programmes for five years and partnered with Saudi Arabia’s King Abdul Aziz University (KAU) to launch the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF) earlier this month.

Speaking at the event, Dr Ahmad Mohamed Ali Al Madani, head of the Islamic Development Bank, said the financial crisis had raised people’s concerns beyond profit margins into where their money is invested. Al Madani was acting rector of KAU from 1967 to 1972 and was Saudi Arabia’s deputy minister of education in the 1970s.

Business schools needed to respond accordingly and Spain was in a good position to do this considering the country’s Arabic heritage, he said.

“You look around and find that Islamic institutions are in the hundreds. Amounts of the assets are in the billions. The system proved that it can support economic systems and respond to big demand from people in different parts of the world.”

full story :

source : university world news

Business students turn to Islamic finance

It is no secret that conventional financial systems are not working and the sector is looking for alternative and responsible ways of doing business.
Islamic finance poses an ethical and non-conventional model and is currently the only area with strong growth, said Professor Ignacio dela Torre, Academic Director of the Master in Finance Programmes at Spain’s Instituto de Empressa (IE) Business School last week.
Dela Torre was speaking at the relaunch of the Saudi-Spanish Centre for Islamic Economics and Finance, a partnership between IE Business School and Saudi Arabia’s King Abdul Aziz University.
The relaunch coincided with a conference on “Islamic Finance in the 21st century”. He said when employment levels are high in the West, it makes sense for finance students to familiarise themselves with alternative finance models that also include eco-finance and micro-finance.
“From a macroeconomic point of view it makes sense that European governments and financial markets set up Islamic windows so excess liquidity can be channelled through some European financing markets with these structures.”
Expertise needed
“There is already $1 trillion (Dh3.67 trillion) of Islamic money and it is growing at 20 per cent with $200 million of additional Islamic money coming in every year,” said Dela Torre.
Students are showing interest in this area of finance and universities in the United Kingdom and France have responded to the demand early on. Over the past five years, IE has been offering Islamic finance programmes.
“When you travel to the Gulf, where 50 per cent of banking is Islamised, there are not enough people with skills and understanding of Islamic finance,” he said.
He added that from a career perspective it is wise to have knowledge of this area because those who work in conventional finance will sooner or later be faced with Islamic finance.
Dela Torre says the field is not difficult to understand once the basics are covered in the curriculum illustrated by the fact most expatriate professionals in the GCC’s Islamic banking sector are Americans and Indians.
Dr Ahmad Mohammad Ali Al Madani, Head of Islamic Development Bank, said since the financial crisis, people have become more concerned with where their money ends up once invested and not just profit margins.
Celia de Anca, professor of Islamic Finance at IE Business School, added that students are increasingly interested in financial sustainability and ethics.

source : gulfnews