Intermediate Qualification in Islamic Finance – Banking
IQIF Banking is designed to technically equip the learners with the knowledge on specific functional areas of Islamic Banking. Comprising ten (10) modules, the learners will go through in detail for example, a bank’s main activity starting from deposit-taking activities leading to credit and financing-related activities for both consumer and business segments. Learners will also experience how trade finance and treasury works in Islamic banking apart from obtaining insights on marketing of Islamic Banking products and customer retention from the perspective of Islamic banking.
Accreditated by
Learning Outcomes
- Apply the principles of credit assessment and processes;
- Apply the terms, concepts and theories related to marketing Islamic financial services in line with Shariah values;
- Demonstrate the importance of treasury including its operation, function and Shariah contracts involved;
- Demonstrate comprehension on the theory and principles of deposit and investment and to appreciate its importance to financial institutions and economy;
- Evaluate Islamic documentations including its legal procedures;
- Identify and categorise the type of Islamic consumer and business financing products and applicable Shariah contracts in structuring and monitoring the
facilities; and - Operate various Islamic Trade Finance products and its operational structure from Islamic perspective.
Entry Requirements
- Pre requisite of IQIF: AQIF
Method of Examination:
- One Hundred (100) Multiple Choice Questions
- Two and a half (2 ½) hours examination
- Passing mark: 60%
Modules
M1: Islamic Consumer Financing Products and Services
This module highlights the financing solution granted to retail clients and their requirements. This module also illustrates types of Islamic consumer financing facilities and its operational structure as well as emphasises the understanding of Shariah contracts.
M2: Islamic Business Financing Products and Services
This module highlights the financing solution granted to business entities and its requirements. This module also illustrates the types of Islamic business financing facilities and its operational structure as well as emphasizes the understanding of Shariah contracts.
M3: Credit Assessment and Analytical Techniques
This module discusses on credit assessment and analytical techniques practiced in the market. It covers principles of credit and financing, correlation between risk and risk management, credit scores, regulatory and governance issues.
M4: Legal Documentation for Islamic Banking Financing Facilities
This module illustrates the application of Shariah standards for Islamic financing products. This module will also discuss on the legal issues andcommon mistakes in drafting Islamic legal documentation, as well as other related issues in Islamic financing.
M5: Islamic Financing Facilities Monitoring and Management
This module is intended to upscale participants with comprehensive knowledge on monitoring and management of Islamic financing facilities. In addition to that, this module is designed to sharpen skills to carry out systematic assessment of non-performing financing for close monitoring, propose viable options to management in handling problem accounts and provide strategies for recovery.
M6: Islamic Deposit & Investment Account
This module is designed to provide participants with in-depth understanding of Islamic banking operation, particularly on deposits and investment account. Participants will be exposed to the concept, product structures and applications of Islamic deposit and investment account.
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 aspect.
M8: Islamic Treasury Products
This module provides an insight into the operational aspect 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 discuss with the participants.
M9: Marketing of Islamic Banking Products
This module illustrates the salient features of current marketing landscape in the banking environment. It also discusses new channel and trends in marketing banking products and services.
M10: Customer Relationship Management
This module highlights the salient features of customer relationship management. It will also explore the importance of service standards in Islamic financial services and the prominence of efficient and effective strategy for customer retention and loyalty.
Fee
| Code | Module | Duration (Days) | Fee (RM) |
|---|---|---|---|
| BKG2011 | Islamic Consumer Financing Products and Services | 2 | 2500 |
| BKG2021 | Islamic Business Financing Products and Services | 2 | 2500 |
| CDT2011 | Credit Assessment and Analytical Techniques | 2 | 2500 |
| LGR2021 | Legal Documentation for Islamic Banking Financing Facilities | 2 | 2500 |
| BKG2031 | Islamic Deposit and Investment Account | 1 | 1250 |
| BKG2041 | Islamic Financing Facilities Monitoring and Management | 2 | 2500 |
| BKG2051 | Islamic Trade Financing | 2 | 2500 |
| BKG2061 | Islamic Treasury Products | 2 | 2500 |
| MKT2051 | Marketing of Islamic Banking Products | 1 | 1250 |
| MKT2021 | Customer Relationship Management | 1 | 1250 |
| Preparatory Class | 1 | 625 | |
| Assessment | 1 | 500 | |
| TOTAL | 23,152 |