EP Level 7
Diploma in Islamic Finance Practices
- Level of Study:
- Total Credit Value:
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Diploma in Islamic Finance Practices provides learners with knowledge and skills of the tools and techniques of Islamic finance and banking. On completion of this qualification, learner will be able to lead an Islamic financial institution or organisation which would like to comply with Shariah principles in business. This qualification provides an in-depth foundation in Islamic economics, Islamic financial system, financial decision-making in IFIs, financial reporting and governance of IFIs.
We have adopted relevant AAOIFI standards in this qualification. The learner who completes this qualification should comply with AAOIFI Code of Ethics for Islamic Finance Professional in addition to Edupro’s QC principles.
This qualification is officially recognised by AAOIFI for Fifteen Continuing Professional Development (CPD) hours.
- Adult returners to education
- Individuals in employment who wish to enhance their career prospects
- People who wish to start their own business
- Professionals working in Islamic finance
- Anyone wishing to pursue career in the Islamic Financial services sector
- Anyone with a general interest in Islamic finance
The qualification has the following six units:
- Financial Reporting and Shariah Audit
- Governance and Risk Management of Islamic Financial Institutions
- Islamic Capital Market
- Operations of Islamic Financial Institutions
- Principles of Islamic Banking, Finance and Economics
- Takaful and Retakaful
- Possess relevant RQF/NQF/QCF Level 6 Certificate/Diploma or a bachelor's degree in related subject or equivalent qualifications
- Be mature learners (over 21) with management experience (must check with the delivery centre regarding his/her experience prior to registering for the qualification)
- English requirements: If a learner is not from a majority English-speaking country must provide evidence of English language competency.
Learners are assessed via a range of assessment methods to ensure that all the learning outcomes and assessment criteria are met in a way that enhances their learning experience. The assessments will allow learners to demonstrate a clear grasp of the concepts and their ability to link theory to practice and to communicate clearly in the construction and engineering field at the appropriate level.
Although a variety of assessment methods may be used, the demands made on learners within and between centres must be comparable to ensure consistency of assessment. To achieve this qualification, all the learning outcomes are assessed by a combination of formative and summative assessments.
Assessment methods may include:
assignments | case studies | integrated work activities | group and individual presentations | projects | reports | time constrained tests | examinations | Viva Voce
All centre-marked assessments are subject to external verification to ensure that standards are maintained comparatively against internal and external benchmarks.