AIMS (UK) Upgrades Islamic Banking Courses of Islamic Finance Certificate

London, United Kingdom, December 3, 2014 (Newswire.com) - AIMS’ Institute of Islamic Banking and Finance recently updated the curriculum of its internationally reputed Certified Islamic Finance Expert (CIFE) and Master Diploma in Islamic Finance (MDIF) qualifications. Now these Islamic finance qualifications are offered online with newly designed presentations, interactive animated video lectures covering latest industry trends on Islamic modes of finance, such as mudarbah, musharakah, salam , istisna, ijarah, diminishing musharakah and murabahah. New Islamic finance training or Islamic banking certification curriculum comprise of 5 specialized Islamic banking courses and Islamic finance courses. The new learning system allow students to learn at their own pace. Faculty assistance is provided by leading Shariah scholars and practitioners.

Islamic financial system provides a variety of religiously acceptable financial services to Muslim communities and also non-Muslim clients seeking ethical banking. Islamic banking market is valued at over US Dollar 1.7 trillion, and the estimated combined with the estimated growth rate of more than 21% a year. The need of qualified and trained human resources is growing, and Islamic finance market demands are higher than ever. Islamic Banks and financial institutions require at least 15,000 professionals a year to join the industry, and the requirement is increasing gradually every year. At the time being Islamic financial assets are valued at USS$1.3 trillion. S&P expects the industry to grow %20 annually over period of 2011-2015. However, there are some more upbeat forecasts by pundits for the Islamic finance industry. 

AIMS (UK) is a globally recognized institute of Islamic banking and finance established in 2005. AIMS have made a significant contribution in Islamic Finance Industry. Over the years it has maintained a purposeful mission of promoting industry professionalism and best practices in Islamic Banking and Finance industry through research, consultancy, product development, corporate trainings, seminars, workshops and publications. AIMS also offer several online certifications in Islamic Finance, Islamic Banking and Islamic Insurance.

AIMS offer certificate and diploma courses for the professionals and beginners through a very easy and user friendly e-learning method which help students to keep their attention awake in studies and schedule their classes according to their own timetable. AIMS (UK) provide study guides and online educational articles with interactive designed images and videos to the students which assist them in their studies.

Educational programs at AIMS (UK) Academy for International Modern Studies are designed and facilitated by renowned Islamic Banking and Insurance Sharia Advisors and Product Development Managers. These scholars are working in renowned Islamic Financial Institutions. Study material is updated on regular basis to make sure that the graduates are well trained in implementing and managing Islamic Financial products and services. The updated study material prepares graduates to work with the most up to date products and services in Islamic Banking and Finance sector. AIMS’ Degree and Certification is globally acceptable, which makes it possible for our graduates to easily find better job opportunities internationally.

Considering the global rapid growth of Islamic finance industry the AIMS (UK) Academy for International Modern Studies  had launched their Islamic finance qualifications in 2005 and produced a number of professionals in industry in several countries around the world and became a well-known Islamic finance institute of the world holding a large number of clients and participants from all over the world.

CIFE program is aimed to produce highly skilled professional for Islamic finance industry. CIFE graduates are capable of performing key roles in the establishment and management of IFIs. Course curriculum is designed by the leading Islamic Finance scholars & practitioners. The CIFE (certified Islamic finance expert) program which has been updated by AIMS (UK) Academy for International Modern Studies is a well-known 15 credits certification course in Islamic finance qualifications. The new curriculum includes interactive online lectures, Comprehensive study manual for each course, 24/7 academic support by shairah scholars, online Islamic finance library and assignments for progress monitoring. Study requirements are 10 – 12 hours of study weekly. Registration validity is 8months maximum with flexible start of session. The estimated duration of this course is 4 months at the end of a course student will be awarded Certified Islamic finance expert certificate.

The upgraded curriculum of CIFE (Certified Islamic finance expert) is designed to cover important and core topics of Islamic banking with detail in four months. The list of topics or subject in new curriculum announced by AIMS (UK) Academy for International Modern Studies is:

·         Islamic Economic & Financial System

·         Islamic Modes of Finance

·         Islamic Commercial & Investment Banking

·         Islamic Accounting Treatment & Standards

·         Islamic Insurance System