|The CDIF is comprised of four individual certificates that will be delivered via CIMAs blended tuition package. Upon completion of all four certificates you will be awarded the CIMA Diploma in Islamic Finance.
The content of each of the four modules is as follows:
Certificate in Islamic Commercial Law
The sources of the Islamic commercial law including the Quran 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
Shariah compliance and the importance of the Shariah 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 Shariah 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 Shariah compliance of Islamic financial institutions.