Intermediate Qualification in Islamic Finance (IQIF) : Banking
Designed to cater to a person’s own area of expertise, this distinctive qualification focuses on the area of Islamic Banking. IQIF (Banking) comprises of ten (10) modules, which is intended to equip the candidates with relevant knowledge on Islamic Banking as well as to develop necessary skills and expertise to deal with related issues and challenges. IQIF (Banking) has been accorded Full Accreditation status by the Finance Accreditation Agency (FAA).
Ability and competency to:
- Examine the processes and procedures involved in the operations of Islamic Banking
- Apply knowledge and skills required in performing tasks related to the job
- Introduce basic innovations in products and processes
- Learn to exploit current market developments
Mode of Learning
- Online (e-learning)
12 months (1 year)
M1: Islamic Consumer Financing Products and Services
This module will discuss types of Islamic consumer financing products offered in the market and its modus operandi. Apart from that, participants will refresh their understanding on Shariah contracts in the application of Islamic consumer financing products.
M2: Islamic Business Financing Products and Services
This module will discuss different types of Islamic corporate/ business financing facilities offered in the market and its modus operandi. Apart from that, participants will refresh their understanding on Shariah contracts in the application of Islamic corporate/ business financing facilities.
M3: Credit Assessment and Analytical Techniques
This module will discuss on credit assessment and analytical techniques that has been practised in the market. It covers principles of credit and financing, principles of risk and risk management, analysis of applicants/ customers and the regulatory and governance issues that apply in the context of business credit.
M4: Legal Documentation for Islamic Financing Facilities
This module will highlight among others the application of Shariah contracts for Islamic financing products, legal issues and common mistakes in drafting Islamic legal documentation, as well as other related issues in Islamic financing locally and globally.
M5: Islamic Financing Facilities Monitoring and Management
This module will highlight monitoring and management of Islamic financing facilities. It also covers financing portfolio management, rescheduling and restructuring and also effective debt collection’s management of Islamic financing facilities.
M6: Islamic Deposit & Investment Account
This module is designed to provide participants with in-depth understanding of Islamic Banking operations, particularly on deposits. Participants will be exposed to amongst others, types of deposit products and their applications, deposit insurance and new products in the banking business.
M7: Islamic Trade Financing
This module provides an overview to the various Shariah contracts involved in relation to Islamic Trade Finance. Participants will also be exposed to several types of Islamic Trade Finance facilities available in the market and its operational aspects.
M8: Islamic Treasury Products
This module will provide an insight into the operational aspects of Islamic Treasury activities. Throughout the module, participants will examine the structure and process of each product and the distinct features of the Islamic Treasury Products in the market. Shariah issues on the products will also be deliberated and discussed with participants.
M9: Marketing of Islamic Banking Products
This module provides an overview of current marketing landscape in the Banking arena. It also discusses new ideas on securing and retaining customers.
M10: Customer Relationship Management
This module will highlight the overview of customer relationship management. It will also explore the importance of service standards in Islamic Financial Services and the prominence of efficient and effective complaint management systems/ strategies.
The Associate Qualification in Islamic Finance (AQIF) certificate holder or equivalent is a prerequisite for a participant sitting for the IQIF assessment.
Method of Examination:
One Hundred (100) Multiple Choice Questions
Two and half (2 ½) hours examination
Passing mark: 60%