Certified Islamic Microfinance Manager

Certified Islamic Microfinance Manager


Islamic Microfinance is an emerging market in the field of Islamic finance, so there is an immediate need to educate, train and conduct Market Study and Awareness campaigns on this subject. AlHuda CIBE offers a specialized comprehensive certificate program on Islamic Microfinance on distance learning basis. It is highly structured, interactive and innovatively designed program under the supervision of a panel of esteemed Academicians, Shariah Scholars and professionals to ensure high quality material.

The aim of the course is to provide educational facilities and trainings to the people who cannot leave their homes or jobs with an additional opportunity for their educational uplift under Islamic financial system. “Certified Islamic Microfinance Manager” program comprises of two modules, each having two months duration. Strong tutorial support is an integral part of the distance education system. The material provided by the tutorial sessions will help the students to update their knowledge according to the latest terms and concepts globally used in Islamic Microfinance

 

Certified Islamic Microfinance 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 month.

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 Economics & Islamic Micro Finance)


CIMM
: 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 and Insurance.

CIMM: 402: Overview of Islamic Economics & Microfinance System

  • Introduction to Islamic Economics System.
  • Comparison of Islamic Economic System with Socialism & Capitalism.
  • What is Microfinance? How its works? Their Characteristics, sustainability, outreach and Problems pertaining to this system.

CIMM: 403: Islamic Microfinance Finance & its Product Mechanism

  • Islamic Micro Finance as effective tool of poverty alleviation. Islamic Micro Financial Products Mechanisms & Compatibility with Conventional Microfinance Products.
  • Trade Based Modes of Islamic Microfinance ( Murabahah, Salam, Istisna etc.)
  • Mechanism of Trade Based Product ( Murabahah, Salam & Instisna ), how they are ideal of Microfinance Sector.

Module II

(Islamic Microfinance Products & MicroTakaful)


CIMM: 404: Islamic Microfinance Products

  • Partnership based of Islamic Microfinance (Mudarabaha & Musharakah)
  • Rental Based Mechanism/Products of Islamic Microfinance (Ijarah & Diminishing Musharakah)
  • Application of Partnership & Rental based modes in Islamic Microfinance.

CIMM: 405: Different Models & Deposit Management in Islamic Microfinance

  • Definitions, Concept & Uses of Waqf, Qarz-e-Hassan, Cooperatives & Zakat in Islamic Microfinance system.
  • Liability (Deposit) Management Techniques for Islamic Microfinance.
  • Product Development of Islamic Microfinance Institutions.

CIMM: 406: Micro Takaful (Islamic Micro Insurance)

  • What is Micro Takaful? How MicroTakaful products works with Islamic Microfinance.
  • Structure, Operation and Performance of Micro Takaful for Poverty Alleviation.
  • Opportunities and Challenges of Islamic Microfinance.

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.