Islamic Finance Qualification

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 experts are estimating the growth of the Islamic Finance industry at more than 20% per annum with some experts predicting that in the future, the Islamic Finance industry could become a major competitor to the conventional finance industry. Experts 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.

"Ever since its launch, the IFQ has gained an outstanding reputation within the financial community. The qualification addressed the need for a new generation of professionals and regulators who are knowledgeable about Islamic finance and has therefore contributed in setting the first step towards the proper development of the Islamic Financial Industry.”

Dr Ahmad Jachi
Chairman, Advisory Council for Islamic Finance
First Vice Governer, Banque du Liban

Aims

  To provide an international benchmark qualification that will equip candidates with a practical understanding of Islamic finance, including Sukuk, Takaful, Mudaraba, Musharaka, Murabaha - and much more;
  To provide professional recognition for employees and customers, which will demonstrate that successful candidates have undergone rigorous training and sat a professional examination to reach their level of competence;
  To provide candidates with an understanding of the influence of Sharia’a in a business context and prepare them to hold key positions in the Islamic finance and Takaful (Islamic Insurance) industries.

 

Key features

The qualification is reviewed annually to reflect developments in the fast-changing world of Islamic financial services.
The syllabus, workbook, and other teaching materials and examinations have been developed with the support and collaboration of a panel of internationally-recognised experts in Islamic finance.
The IFQ is on the wholesale banking and financial advice section of the Financial Services Skills Council Recommended Examinations list
The qualification is available internationally, and will be available in Arabic soon.



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: abboud.s@esa.edu.lb for details.

Additional Exam Information

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

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.


For information on:
studying for your exam
exam training
booking your exam
exam policies and procedures
sample exam questions
tips and hints for passing your exam
Please visit the Exam Students Area

Training institutions wishing to become accredited by the SII to run training courses for candidates studying for the IFQ can download an Application form and accompanying Guidlines from here



FULL SITE MAP (recommended for users with special accessibility requirements)

For layout only

For SII Exam Students..

For layout only
For layout only

For Members...

For layout only
For layout only

For Employers...

For layout only
For layout only

For Trainers

For layout only
For layout only

Careers Centre...

For layout only
For layout only

Feedback to SII...

For layout only
Jobs Online
SII Online Bookshop