Professional Certificate in Islamic Finance (eMIF)

This module covers the essential Shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and an understanding of how Shariah is applied across the most relevant Islamic finance components, that is, banking, takaful and Islamic capital market.

The course introduces Islamic banking practices, the underlying philosophies and Shariah principles that drive Islamic banking, legal, tax and regulatory perspectives and recent developments in this industry. Students are also informed of the suite of Islamic banking products, the value-chain of the banking business, financial technologies, basic techniques and practices for managing Islamic Banking Institutions, and finally, some contemporary and pertinent issues in Islamic banking are discussed.

The course aims to expose students to the risk management framework (RMF) and process (RMP) in banking. Students will acquire skills in identifying, measuring, and mitigating risks in loans and financing, such as credit, market, liquidity, and operational and Shariah non-compliance risks. In the RMF, the student will be able to critically analyse the role of corporate governance, internal control, capital allocation, and banking supervision in the banking organisation. The course will also explore new risks faced by Islamic banks that were not found in conventional banking and the implications of banking regulations.

This module covers the essential Shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures, and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understand how Shariah is applied across the most relevant Islamic finance components: banking, takaful, and the Islamic capital market.

This course is designed to equip students with the working knowledge of the structures of the instruments and regulatory and Shariah frameworks of the Islamic capital market (ICM). In achieving this objective, students will be exposed to the structure of Islamic Capital Markets across different jurisdictions, regulatory and Shariah frameworks, and various structures and contracts of Shariah-compliant ICM instruments. Students are expected to gain practical skills in structuring and analytical skills in assessing ICM instruments.

The course covers five major components of wealth management: (1) wealth generation, which is the primary source of wealth management. Wealth can be in the form of employment income, business and trade. (2) Wealth protection is where all our wealth needs to be protected through takaful or Islamic insurance. (3) Wealth accumulation is a constant process that involves generating more wealth, and, in the process, we need skills. (4). Wealth purification such as zakat, sadaqah and waqf as in the process, we might have tainted our wealth; (5) Wealth Management from an Islamic perspective.

This module covers the essential Shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understand how Shariah is applied across the most relevant Islamic finance components: banking, takaful and Islamic capital market.

The course examines risk from the Islamic perspective and ways of mitigating it in accordance with Shariah. It also explains why insurance is forbidden and, hence, the advent of takaful. It discusses the various takaful business models, products, and the key operational process of takaful. The study of the regulatory environment in various jurisdictions is a must for all takaful students, as the industry is highly regulated. The actuary plays a key role in the takaful organisation, and its position is a requirement in most jurisdictions. The study of actuarial principles and concepts includes critical product design, pricing, underwriting, investments, and reserving.

The course covers five major components of wealth management: (1) wealth generation, which is the primary source of wealth management. Wealth can be in the form of employment income, business and trade. (2) Wealth protection is where all our wealth needs to be protected through takaful or Islamic insurance. (3) Wealth accumulation is a constant process that involves generating more wealth, and, in the process, we need skills. (4). Wealth purification such as zakat, sadaqah and waqf as in the process, we might have tainted our wealth; (5) Wealth Management from an Islamic perspective.

This module covers the essential Shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and understand how Shariah is applied across the most relevant Islamic finance components: banking, takaful and Islamic capital market.

This course is a method of learning that involves working on real projects, issues and challenges in collaboration with selected partner companies, using models taught in the classroom and supported by mentors, academic experts and industry leaders.

This course examines the key principles of audit and compliance applicable to Islamic Financial Institutions (IFIs). The students will be exposed to Shariah governance and internal control frameworks, laws, regulations, guidelines and standards for IFIs.

This module covers the essential Shariah tools required to converse in Islamic banking and finance concepts and appreciate the governance mechanism, audit structures and basic laws in Islamic contracts. Students are expected to gain fundamental skills and an understanding of how Shariah is applied across the most relevant Islamic finance components: banking, takaful, and Islamic capital markets.

This course is a method of learning that involves working on real projects, issues and challenges in collaboration with selected partner companies, using models taught in the classroom and supported by mentors, academic experts and industry leaders.

This course covers the aspects of ethics and professionalism critical for developing leadership, governance and management skills. It includes understanding key aspects and applying concepts, principles, codes and standards of ethics and professionalism for effective governance and sustainability of organisations as corporate citizens.