CISI Archive

The Islamic Finance Qualification (IFQ) is a ground-breaking qualification that covers Islamic finance from both a technical and Sharia’a perspective, providing the first international benchmark in the area of Islamic finance. Aimed at new and existing investment professionals specialising in Sharia’a compliant finance, trade, investment and insurance, the IFQ is primarily a practical Islamic banking qualification, but also covers the legal aspects of Sharia’a which underpin all Islamic contracts.

Many analysts are estimating growth in the Islamic Finance industry and expect to see Islamic Finance spread beyond Muslim countries - as seen in Europe where it has already made considerable headway in the UK, Germany and Switzerland.

SII and ESA Partnership

SII and the Lebanese Ecole Supérieure des Affaires (ESA), formally launched their specialist Islamic Finance Qualification (IFQ) - the first global benchmark examination covering Islamic Finance on 31 October 2006.

The IFQ was initiated by the Central Bank of Lebanon (Banque du Liban) and is overseen by the Advisory Council for Islamic Finance (ACIF), a group of technical experts.

Information in French and Arabic for candidates in the Gulf and Middle East can be found in the Finance Islamique section of ESA's website. Candidates in Lebanon are recommended to sit their examination at the SII CBT Testing Centre at ESA which handles registration for the qualification and booking for the examination in Lebanon. Please contact Sandra Abboud by email: for details.

What next for holders of the IFQ?

The SII has agreed a partnership with the Institute of Islamic Banking and Insurance (IIBI) whereby candidates who have achieved the IFQ and wish to gain a higher level qualification can apply for the IIBI's Diploma and Post-graduate Diploma in Islamic Banking.

Additional Exam Information

The Current Syllabus for the IFQ has been developed by the Advisory Council for Islamic Finance (ACIF).
NEW Syllabus examinable from 1 October 2009.
The pass mark is set at 70%. Upon successful completion, candidates will receive an award badged by SII and ESA.

Studying, Training, Booking your exam

The IFQ workbook has been written by a group of senior practioners and approved by the ACIF panel of experts. Order your book and start studying NOW

In addition to using the workbook, candidates can train at one of our Accredited Training Centres, click here to find your nearest training centre

The IFQ is examinable via Computer Based Testing (CBT). Candidates sit their exams at one of the many CBT test centres located worldwide. Candidates receive instant results upon leaving the test centre.

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