“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.