Certified Islamic Fund Manager

Certified Islamic Fund Manager

“Certified Islamic Fund Manager” is designed by industry specialists and renowned Islamic scholars. This Program ensures the balance between the subjective and practical knowledge on Islamic funds. It also offers comprehensive knowledge that will strategically prepare candidates in building their skills, competencies and experience as they enter into the Islamic fund management being Shariah compliant.

The Islamic wealth and fund management first emerged in the 1960s when the investors sought alternatives to the conventional forms of investment, particularly interest- dealing in conventional banks which is prohibited in Islam and unethical for non- Muslims as well. The Islamic funds market is one of the fastest growing sectors of financial industry not only in Muslim but also in non-Muslim countries. It is estimated that presently more than 400 billion USD of Islamic assets are under management globally and more than 350 Islamic funds are now operating in the market with 15% annual growth. The primary characteristic that distinguishes an Islamic fund from conventional investment is its compliance with Shariah laws which requires the fund managers to adhere to Shariah.

Certified Islamic Fund Manager

 

Modules and Study Details

 

For the successful completion of this Diploma, a candidate should devote an average of 18 hour a week for study and submit the assignments accordingly. As course completion duration is 4 months, however it may be completed in 8 months.

Duration:4 Months
Number of Modules:2
Assignment per Module:3
Duration of each Module:8 Weeks
Total Number of Courses:6

Module I

(Introduction to Riba & Islamic Finance)

CIFM: 401: Riba & Islamic Economics

  • What is Riba (Interest)? Prohibition of Riba in Islam.
  • Types of Riba.
    • Riba tul Nissayah
    • Riba tul Fadle
  • Riba in Modern Banking, Funds and Finance.

CIFM: 402: Overview of Islamic Economics

  • Introduction to Islamic Economics System.
  • Land, Labor, Wages and Entrepreneur Laws in Islamic Economics.
  • Comparison of Islamic Economic System with Socialism & Capitalism.

CIFM: 403: Introduction to Islamic Banking and Finance

  • Introduction to Islamic Banking and Finance.
  • Partnership Based Mode of Islamic Banking & Finance ( Mudarabah & Musharakah )
  • Trade Based ( Murabahah, Salam, Istisn’a etc) & Rental Based ( Ijarah & Diminishing Musharakah ) products of Islamic Banking and Finance.

Module II

(Islamic Fund, Securitization, Indices, Sukuk, REITs)


CIFM 404: Islamic Fund

  • What is Islamic Fund? Mechanism & Structuring of Islamic Funds. Policy, Procedure, performance & assessment of Islamic Funds.
  • Type of Islamic Funds e-g: Equity Fund, Ijarah Fund, Commodity Fund, Murabahah Fund, Bai’-al-dain , Mixed Fund, Real estate funds and REITs, Sukuk funds, Hedge Funds etc.
  • Islamic Investment, Shariah Principle of Islamic Investment, Shariah Screening of Assets.

CIFM: 405: Securitization, Shariah Indices, Shariah Stock Exchange

  • Shariah Compliant Securitization.
  • Role of Islamic Fund, Shairah Indices and Stock Exchanges for the strengthened of Islamic Banking and Financial Industry.
  • Issues, challenges & opportunities of Islamic Fund Industry.

CIFM: 406: REIT’s , Sukuk & Risk Mitigation Tools of Islamic Fund

  • What are Sukuk?, Type, Models and Structure of Sukuk
  • Islamic Perspective for Risk Management. Use of Derivatives, Future, Hedging & Swaps Instruments.
  • REITs & I-REITs funds.

Study Material

This course consists of Two modules and each module has 2 months duration. Each Module builds up knowledge from the previous one. You are evaluated by subjective as well as multiple choice question on each lesson.

As you get registered an introductory material set is sent to you that include:

  • A username and Password to login into Student Section on AlHuda CIBE website.
  • Literature & Presentations in PDF format.
  • Video CD’s & PowerPoint Presentations.
  • Solved and unsolved case studies.
  • Books in PDF format, List of references Book and related websites.
  • E-mails of advisory panel to consult with them.
  • Free subscription of fortnightly online magazine “Islamic Banking and Finance”
  • Bi-Monthly home delivery Magazine named, ”True Banking”

The introductory material set includes comprehensive PowerPoint Presentations; topic related literature, useful web links, magazine & newspapers, articles and conference papers on Islamic banking and finance as well as recommended the book list. Students also utilize the Knowledge Centre section of AlHuda CIBE website (www.alhudacibe.com). The next module material is sent after the successful completion of the previous module. The study material would be sent in soft form.