Fundamental Certificate in Islamic Banking and Takaful (FCIBT)
Fundamental Certificate in Islamic Banking and Takaful (FCIBT) is designed to ensure that Islamic finance industry practitioners attain the required foundation knowledge in Shariah, Islamic Banking and Takaful. Learners will be equipped with the fundamentals and the applied contracts of Shariah in Islamic finance, as well as the foundation of Islamic Banking and Takaful with an overview of its products and operations.
Accreditated by
Learning Outcomes
Upon completion of this advanced level, participants would attain a complete knowledge and have standard proficiency as an Islamic Finance professional. Their professionalism can be measured through their ability to:
- Describe the Shariah requirements and prohibitions in Islamic commercial transactions as well as gain a strong foundation on the fundamentals of Shariah contracts
- Analyse and comprehend the various structures of Islamic financial products and services
- Explain the differences between conventional and Islamic Finance practises
Entry Requirements
Entry Requirement of FCIBT: SPM
Method of Examination:
- One Hundred (100) Multiple Choice Questions
Two and a half (2 ½) hours examination
Passing mark: 60%
Examination Fees: RM150.00
Modules
SHA0061: Fundamentals of Shariah
This program will emphasize on the applicable Shariah principles and contracts in Islamic finance. This program will also elaborate on the fundamental concepts and principles of Fiqh Muamalat in Islamic finance.
BKG0011: Fundamentals of Islamic Banking
This program will emphasize on the applicable Shariah contracts in Islamic banking products. Besides, the program will provide an overview of Islamic financial system, how Islamic bank operates and its legal framework governing the Islamic banking operations.
TKF0011: Fundamentals of Takaful
This program is designed to introduce and enhance the participant’s understanding on the principles, concepts and underlying contracts applied in Takaful. The main objective of this program is to provide essential knowledge and basic building blocks in the features and operations of Takaful.
Fee
| Code | Module | Duration (Days) | Fee (RM) |
|---|---|---|---|
| SHA1031 | Fundamentals of Shariah for Islamic Finance | 3 | 2500 |
| BKG1011 | Fundamentals of Islamic Banking | 3 | 2500 |
| TKF1011 | Fundamentals of Takaful | 3 | 2500 |
| Examination | 150 | ||
| TOTAL | 7,800 |