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Learn AboutDiploma in Islamic Finance and Banking


Course Title :
Diploma in Islamic Finance and Banking
Course Duration :
3 years
Medium of Delivery :
English
Course Schedule :
Every Weekend / Weekday (Blended Learning Mode on Alternate Week) Virtual Online Classes
Assessment :
Individual Assignments and Project Works
Certificate Award :
Certification will be awarded by TAQUA upon completion of course with fulfillment of requirements. Diploma accredited and recognised by Institut Agama Islam Abdullah Said.
Course Curriculum Content

Course Curriculum

Semester 1

Study Modules:

  • Islamic Economics
  • Islamic Financial System
  • Islamic Financial Markets: Shari' and Tabi' Principles
  • 'Iwad and lawful profits in Islam
  • Riba and Interest
  • Riba, Al-Bay' and Risks (Ghorm)
  • Islam and Time Value of Money 
  • Money and Law of Depreciation
  • Trading and Partnership
  • Trade and Sadeqah
  • Risk-sharing Financing
  • Al-Gharar and Risky Sales
  • Understanding Risk and Uncertainty in Islam
  • Islamic Investment Horizon
  • Rational Investment Behavior

Semester 2

Study Modules:

  • Al-Bai-bithaman Ajil Financing
  • Al-Bai-Bithaman Ajil and risks of ownership (daman milkiyah)
  • Bay' Salam Financing
  • Islamic Hire-Purchase
  • Bay' al-'Inah Overdraft
  • Al-Ijarah Thumma Al-Bai' - Car Financing
  • Al-Ijarah and Leverage Leasing
  • Islamic Financing
  • Al-Rahn Islamic Pawn Broking
  • Salam and Istisna Financing
  • Musyarakah Mutanaqisah Home Financing

Semester 3

Study Modules:

  • Attractive Mudarabah deposits
  • Hibah and Demand Deposits
  • Al-Qardhu Hasan and Demand Deposits
  • Equity Financing for Islamic Business
  • Islamic Venture Capital
  • Mudarabah Financing and Human Capital
  • Mudarabah Investment Fund
  • Monitoring System in Mudarabah
  • Human Risk in Mudarabah Business
  • Al-Bai-Bithaman Ajil and Business Cycle
  • Islamic Banking and Interest Rate Votality
  • Islamic Banking  and Economic Development
  • Islam and Cooperative
  • Islamic Capital Market
  • Islamic Stock Market Index
  • Ethics and Stock Market
  • Purification Process
  • Islamic Bonds
  • Islam and Risk Management
  • Concept of Islamic Insurance
  • Islam and Life Insurance
  • Islamic Law of Inheritance (Fara'id)
  • Islamic Unit Trust
  • Islamic banking and credit risk
  • Currency trading in Islam

Graduates after graduation can proceed to Advance/Graduate Diploma in Islamic Finance and Banking and pursue Degree or Master in Islamic Finance and Banking or PhD Doctor in Islamic Finance and Banking.