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# Institute of Islamic Banking and Insurance

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- [Home](https://islamic-banking.com/) - "Embrace the principles of faith-based finance with Islamic banking. Explore ethical investments and financial solutions that align with your beliefs.
- [Course Structure](https://islamic-banking.com/course-structure/) - Course Structure The Post Graduate Diploma in Islamic Banking (PGDIB) is benchmarked at Level 7 on the National Qualifications Framework (NQF) of England, Wales, and Northern Ireland (UK). The programme comprises nine modules and thirty-five lessons, covering the full spectrum of Islamic banking’s interest-free products, services, operational structures, and Shari’ah compliance principles that promote ethical
- [Muslim Concerns About Working in Conventional Banking, Finance](https://islamic-banking.com/muslim-concerns-about-working-in-conventional-banking-finance/) - Muslim Concerns About Working in Conventional Banking, Finance FAQs [The Qur'an 2:173] Sometimes a Necessity. "...Whoever is forced by necessity, without willful disobedience or transgression, there is no sin upon him..." 1. Is it sinful for Muslims to work in a conventional bank that deals with interest if there is no alternative? Working in a
- [Ethical Finance in Other Traditions](https://islamic-banking.com/ethical-finance-in-other-traditions/) - Ethical Finance in Other Traditions FAQs [Manusmriti 4.1 (Hindu Tradition] "One who earns wealth through rightful means and uses it for righteous purposes attains the highest state." 1. Why are Islamic values emphasised in banking and insurance when similar values exist in other faiths and ethical systems? While values like fairness, transparency, and mutual support
- [How Transactions and Investments are Approved as Being Islamic](https://islamic-banking.com/how-transactions-and-investments-are-approved-as-being-islamic-2/) - How Transactions and Investments are Approved as Being Islamic FAQs The value of a transaction lies not just in its returns, but in the integrity of how it is earned. Morals. Governed by Principles. 1. What is the importance of complying with Islamic principles in Islamic banking and takaful? Compliance with Islamic principles is essential
- [Takaful (Islamic Insurance)](https://islamic-banking.com/takaful-islamic-insurance/) - Takaful (Islamic Insurance) FAQs [The Qur'an 5:2] The Takaful Way: Shared Responsibility. Mutual Protection."Help one another in righteousness and piety, and do not help one another in sin and aggression." 1. Is insurance permissible in Islam? Yes, in an alternative form known as Takaful which is based on mutual cooperation, shared responsibility, and ethical investing.
- [Investing in the Stock Market](https://islamic-banking.com/investing-in-the-stock-market/) - Investing in the Stock Market FAQs [Imam Al-Ghazali] Where Morals Meet Markets. "The purpose of wealth is to sustain justice, enable worship, and benefit creation, not to cause harm or fuel greed". 1. Is it permissible under Islamic principles to invest in the stock market, and under what conditions? Yes, investing in the stock market
- [Foreign Exchange and Derivatives](https://islamic-banking.com/foreign-exchange-and-derivatives/) - Foreign Exchange and Derivatives FAQs [Imam Ibn Taymiyyah (Majmu al-Fatawa] There is nothing wrong with protecting one's property from expected harm, as long as the method of protection does not itself become a source of harm. 1. Are dealings in foreign exchange (currency trading) permissible in Islam? Yes, foreign exchange transactions that are an essential
- [Islamic Credit Cards](https://islamic-banking.com/islamic-credit-cards/) - Islamic Credit Cards FAQs The Quran 3:130 An Alternative to Interest-based Conventional Credit Cards. "O you who believe, do not consume riba (interest), doubled and multiplied, but fear Allah so that you may prosper." 1. What is an Islamic credit card? An Islamic credit card lets you make purchases without paying interest (riba), which is
- [Islamic Banking](https://islamic-banking.com/islamic-banking/) - Islamic Banking 2:279 The Qur'an ​Deal not unjustly, and you shall not be dealt with unjustly What is Islamic Banking? Is Banking Without Interest Really Possible? Origin of Modern Islamic Banks Islamic Rulings (Shari’ah) in Islamic Banking Source of Islamic Legal Rulings (Shari’ah) Islamic Banking Operations Mobilising of Deposits in Islamic Banks Investment Modes in
- [Islamic Mortgages](https://islamic-banking.com/islamic-mortgages/) - Islamic Mortgages FAQs Home Finance: A Path to Shared Ownership, Interest-Free. 1. What is an Islamic mortgage? An Islamic mortgage was developed for Muslims to help buy a home without paying interest. Instead of lending your money with interest like a normal bank, the Islamic bank buys the house for you, and you agree to
- [Islamic Banking & Finance](https://islamic-banking.com/islamic-banking-finance/) - Islamic Banking & Finance FAQs 2:279 The Qur'an ​Deal not unjustly, and you shall not be dealt with unjustly 1. How does the Islamic financial system compare with the conventional financial system? The conventional financial system is increasingly guided by secular rules and primarily driven by profit, permitting interest and often relying on frameworks like
- [FAQs](https://islamic-banking.com/question-answers/) - Frequently Asked Questions (FAQs) Concerns and Employment in Financial Services Many questions continue to arise regarding the practice of Islamic banking and takaful (Islamic insurance), particularly around products and services related to deposits, lending, and investments without interest (riba).Among Muslims, there is also an additional concern about working in conventional banks and insurance companies involved
- [Islamic Insurance (Takaful)](https://islamic-banking.com/islamic-insurance-takaful/) - Takaful (Islamic Insurance) 5:2 The Qur'an Help one another in virtue, righteousness and piety Takaful, an Alternative to Conventional Insurance Insuring Death in Islam Key Differences Between Takaful and Conventional Insurance Why Not Conventional Insurance Takaful Operations Prohibitions and Supervision On Gambling and Insurance Types of Takaful Retakaful (Reinsurance) Bancatakaful (Selling Takaful Products by Islamic
- [Islamic Financial System](https://islamic-banking.com/islamic-financial-system/) - Islamic Financial System The Islamic financial system goes beyond merely facilitating transactions without interest; it is a comprehensive framework aimed at fostering a just society. Its primary objective is to promote the public good and prevent harm, thereby ensuring the overall well-being of society where socio-economic activities are conducted with a strong emphasis on fairness
- [Maqasid al-Shari'ah and SDGs](https://islamic-banking.com/maqasid-al-shariah-and-sdgs/) - Maqasid al-Shari'ah and SDGs In essence, Maqasid al-Shari'ah and the sustainable development goals (SDGs) initiated by the United Nations have the same goal: to achieve the perfection of a sustainable human life. Our Common FutureAs Islamic finance continues to develop throughout the world it has shown great potential to support the implementation of the sustainable
- [Sustainable development goals](https://islamic-banking.com/sustainable-development-goals/) - Sustainable Development Goals "Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs." What is sustainable development? What are sustainable development goals? United Nations Division for Sustainable Development What is sustainable development?The concept of sustainable development can be interpreted in many different
- [Maqasid al Shari'ah](https://islamic-banking.com/maqasid-al-shariah-2/) - Maqasid al Shari'ah Maqasid al-Shari'ah, often translated as the "objectives" or "goals" of Islamic law, indeed emphasises the attainment of public good and well-being for the benefit of humanity. This concept goes beyond traditional social responsibility. Maqasid al-Shari’ah may be stated simply as the higher objectives of the rules of the Shari’ah, the observance of
- [Shari’ah](https://islamic-banking.com/shariah/) - Shari'ah Shari'ah simply means the correct path to be followed derived from the teachings of the Qur'an, the Holy Book of Islam, and the teachings, deeds, deeds and sayings of the Prophet Muhammad, or Sunnah recorded in the Hadith. The word Shari’ah literally translates to “the way,” and implies “the correct path”,The Shari’ah essentially embodies
- [Hadith and Sunnah](https://islamic-banking.com/hadith-and-sunnah/) - Hadith and Sunnah The Hadith are the records of Prophet Muhammad's teachings, deeds, and sayings, as noted by his Companions; the Sunnah refers to the traditions and practices of the Prophet Muhammad documented in the Hadith. Literally, the words Hadith and Sunnah have two distinct meanings:Hadith refers to the sayings of Prophet Muhammad, while Sunnah
- [The Qur’an](https://islamic-banking.com/the-quran/) - The Qur’an The Qur'an is believed by Muslims to be divinely inspired and provides a complete code of conduct that offers moral and spiritual guidance in every walk of life. The Qur’an is the central and most revered text in Islam, believed by Muslims to be the literal word of God (Allah), revealed to the
- [Islamic Commercial Law](https://islamic-banking.com/islamic-commercial-law/) - Islamic Commercial Law Commercial law in Islam, ‘fiqh al-mu’amalat’, is regulated by Islamic jurisprudence with the principles of natural justice being at its foundation. The foundation of all commercial activity is through the formation of contracts; in Islam it is no different. Contract law is pertinent to enhancing commercial activity. With the availability of Islamic
- [Islamic Jurisprudence [FIQH]](https://islamic-banking.com/islamic-jurisprudence-fiqh-2/) - Islamic Jurisprudence [FIQH] In linguistic terms, Fiqh means understanding; in Shari'ah terminology it refers to knowledge of the practical Shari'ah rulings, with detailed evidence. Islamic Jurisprudence [FIQH] Basic Terms in Fiqh [Islamic Jurisprudence] Main Schools of Islamic Jurisprudence Islamic Jurisprudence and Finance Islamic Fiqh Academy Islamic Jurisprudence [FIQH]Islamic jurisprudence may be defined as a process
- [Videos on Islamic Economic Thought](https://islamic-banking.com/videos-on-islamic-economic-thought/) - Videos on Islamic Economic Thought and Economics The Islamic economic system offers a distinct and values-based alternative to the conventional capitalist model. Rooted in a moral and ethical framework, Islamic economic principles are derived from the Shari’ah (Islamic law) and emphasise justice, social responsibility, and high moral standards. While these values are found across many
- [What is Islamic economics](https://islamic-banking.com/what-is-islamic-economics/) - What is Islamic economics [Ibn Khaldun (744-820Hijrah 1332-1406AD) ‘Civilization and its well-being as well as business prosperity depend on productivity and people's efforts in all directions in their own interest and profit. When people no longer do business in order to make a living and when they cease all gainful activity, the business of civilization
- [Islamic economic thought](https://islamic-banking.com/islamic-economic-thought/) - Islamic economic thought The Prophet Muhammad (pbuh) told Muslims "seek knowledge, even if it be in China." Islamic economic thought is rooted in the Qur’an, the Sunnah of the Prophet Muhammad (his sayings and actions), and the broader framework of Islamic jurisprudence (Fiqh al-Mu ‘Malat) – the rules governing economic and financial dealings – broadly
- [All issues of NewHorizon](https://islamic-banking.com/all-issues-of-newhorizon/) - All issues of NewHorizon NewHorizon magazine dates back to 1992. The magazine published by Institute of Islamic Banking and Insurance (IIBI) played a vital role in the early stages in the development of Islamic banking and insurance as well as raising awareness and advancing knowledge of Islamic finance as a viable and ethical alternative to
- [Other Books](https://islamic-banking.com/other-books/) - Other Books and reports on Islamic jurisprudence, economics, banking, finance and insurance (takaful) Other books features selected books relating primarily to Islamic economics, banking, finance and insurance along with those that define the basis for Shari’ah rulings governing muamalat, literally transactions or dealings that are understood to include commercial transactions. In essence these books are
- [Browse Books](https://islamic-banking.com/browse-books/) - Books All books published by IIBI have been fully digitised and are available online free of charge. A separate section also provides access to a selection of digitised books and reports from other publishers – out of copyright and freely available online. Together, these resources offer valuable insights to broaden the understanding of Islamic banking,
- [Honorary Fellow](https://islamic-banking.com/honorary-fellow/) - Honorary Fellow An Honorary Fellow is the highest recognition which IIBI can confer on an individual who has played an active role in the Islamic finance sector and whose contributions should be considered ‘long lasting’.An Honorary Fellow should meet at least one of the following criteria:to have made significant contributions to the work associated with promoting the awarness and prectical
- [Associate Fellow](https://islamic-banking.com/associate-fellow/) - Associate Fellow A person who has completed the IIBI Post Graduate Diploma is automatically admitted as an Associate Fellow and will become a life member of the Institute of Islamic Banking and Insurance (IIBI). An Associate Fellow will also receive a certificate of life-time IIBI membership at the time of awarding the IIBI Post Graduate
- [MEMBERSHIPS](https://islamic-banking.com/memberships/) - Gain valuable insights into the intricate world of banking and finance. Stay informed about trends, strategies, and developments shaping the industry.
- [IIBI logo evolution](https://islamic-banking.com/iibi-logo-evolution/) - IIBI logo evolution The Institute introduced its present logo in 2005. The desire to update the logo was driven by a desire for a strong brand identity and ambitions to continue to be recognised both domestically and internationally.A conscious decision was made to retain some elements of the IIBI identity, the crescent and IIBI letters. The
- [Governance](https://islamic-banking.com/governance/) - Governance IIBI has a Board of Trustees | Directors, with an Honorary Vice Chairman and Executive Director General who are assisted by four Advisory Groups whom the Institute can approach for guidance on particular aspects of the expertise of the members. The position of Chairman is presently vacant and was previous held by the founder,
- [Cooperation and Collaboration](https://islamic-banking.com/cooperation-and-collaboration/) - Cooperation and Collaboration IIBI has built relationships and collaborated with important institutions to promote Islamic finance education and thought leadership in the Islamic finance industry. UKIFS Markfield Institute of Higher Education (MIHE), UK Auditing and Accounting Organisation for Islamic Financial Organisations (AAOFI), Bahrain Bangladesh Institute of Islamic Thought (BIIT) and Bangladesh Institute of Islamic Finance
- [Milestones & Achievements](https://islamic-banking.com/milestones-achievements/) - Milestones & Achievements 1985: First public lecture on Islamic banking delivered to bankers in the City ofLondon by Professor Rodney Wilson, founder of the Islamic Finance Programme at the Durham University, UK.1991: First publication of NEWHORIZON magazine, reporting on developments in Islamic banking and insurance globally.1994: First IIBI International Islamic banking conference in London, UK – Islamic Banking: A Global Phenomenon1994: First website dedicated solely to promotion of
- [Our History](https://islamic-banking.com/our-history/) - Our history The Institute of Islamic Banking and Insurance (IIBI) was conceived in 1990 and formally founded in its present form in 1994, subsequently gaining recognition as a registered charity in 2010. Its origins are intrinsically linked to the pioneering work of the International Centre for Islamic Studies (ICIS), a registered charity established in London
- [Programmes and services](https://islamic-banking.com/programmes-and-services/) - Programmes and services The goal of IIBI activities is to enable individuals to clearly understand and apply the fundamental Shari’ah principles in commercial transactions that require justice in dealings, for the public good (maslahah), well-being of society and the environment. IIBI programmes are developed to make students also think more deeply about the Hikhmah (wisdom)
- [Donation](https://islamic-banking.com/donation/) - Support the Institute Make a Donation towards Education, Development and Knowledge Since the 1990s, the Institute of Islamic Banking and Insurance (IIBI) has been grateful to receive donations from individual benefactors as well as a portion of Shari’ah non-compliant income contributed by Islamic banks and fund managers. These donations – offered as part of Shari’ah
- [Charitable objects](https://islamic-banking.com/charitable-objects/) - Charitable objects To develop, organise and promote for the public benefit, programmes of education, training and research in Islamic finance, banking and insurance and related financial systemsTo develop, organise and conduct examinations and award qualifications, certificates, diplomas and other forms of professional accreditationsTo advance education and knowledge on the subject of Islamic finance, banking and
- [Our Founder](https://islamic-banking.com/our-founder/) - Our Founder OUR FOUNDERLate Mr Muazzam Ali (d. 2005) was Vice Chairman, Dar Maal Islami (DMI), Geneva, Switzerland, with Prince Mohammad Al-Faisal of Saudi Arabia, as the chairman of the DMI group. As vice-chairman. late Mr Muazzam Ali took up development of Islamic Banking as a mission and remained associated with DMI for many years
- [About Us](https://islamic-banking.com/about-us/) - Embark on a journey through the principles and practices of Islamic finance with our in-depth guide. Gain insights and strategies for financial success.
- [Videos](https://islamic-banking.com/videos/) - Cultivate your financial expertise with our comprehensive guide to banking. Dive into trends, innovations, and strategies shaping the industry.
- [Publications](https://islamic-banking.com/publications/) - Delve into the intricate world of Takaful, the Islamic alternative to conventional insurance. Understand its unique principles, structures, and practices.....
- [FAQ's](https://islamic-banking.com/faqs/) - FAQ's Courses Leading to our Islamic finance qualification ABOUT THE COURSES Who should do the course?In the broadest sense, our courses are designed for anyone who wants to learn about Islamic banking, Islamic insurance (takaful) and Islamic investments and be introduced to how the key products and services are structured according to Islamic principles. Our
- [Courses](https://islamic-banking.com/courses/) - Embark on a journey to master Sharia finance with our comprehensive Islamic banking courses. Designed to equip you with essential knowledge and skills, these..
- [Knowledge](https://islamic-banking.com/knowledge/) - Unlock the potential of knowledge to fuel growth and innovation. Explore strategies, insights, and resources for continuous learning and developmen.
- [Cancellation & Refund Policy](https://islamic-banking.com/cancellation-refund-policy-4/) - Cancellation & Refund Policy Cancellation by the Student If you decide not to proceed with the course, you must notify us in writing within 14 days of the date on the confirmation email containing your registration number.Your cancellation request should include the subject line: “Cancellation of Registration – [Your Registration Number]”Please provide a brief reason
- [Mode of Study & Tutor Support](https://islamic-banking.com/mode-of-study-tutor-support-4/) - Mode of Study & Tutor Support Mode of Study and Tutor Support The distance learning method was chosen for all courses. You can study in the comfort of your own home, during breaks at the office, at your own pace and according to your convenience, (though bearing in mind that each course must be completed
- [Completion of Course](https://islamic-banking.com/completion-of-course-4/) - Completion of Course You will need to complete the Certificate in Takaful course in four months. An average of 6 hours a week is recommended for study. If you fail to pass the Multiple Choice Question (MCQ) Examination in first attempt, you will have the option for a second attempt with the payment of a charge.
- [Assessment & Examination](https://islamic-banking.com/assessment-examination-4/) - Assessment & Examination You will need to take an examination in the form of Multiple Choice Questions (MCQs) at the end of the last lesson of the course. Correct answers will be marked automatically to determine whether you pass or fail.If you fail in your first attempt, you will be allowed a second attempt after
- [Course Structure](https://islamic-banking.com/course-structure-4/) - Course Structure The Certificate in Takaful is equivalent to Level 3 of the National Qualifications Framework of England, Wales and Northern Ireland in the United Kingdom. The course has 9 lessons with ninety Multiple Choice Questions (MCQs) questions examination after the last lesson (Lesson 9). The questions are designed to test a basic understanding of
- [Course Fee](https://islamic-banking.com/course-fee-4/) - Course Fee Standard Course Fee: £99Special Offer for New Learners: £69Reduced to make entry-level Islamic finance education accessible to all learners. Payment of Course Fee You can make payment with your Debit or Credit Card.You can also make payment by bank transfer; we will advise you details in our letter confirming your registration. Fee subsidy
- [Registration and Enrolment](https://islamic-banking.com/registration-and-enrolment-4/) - Registration and Enrolment You will need to meet the following requirements to register for the Certificate in Takaful course:Have “O” Level passesBe at least 18 years old at the time of submitting the application.Have a good understanding of English.Provide the names of two referees who we may approached for verification.The IIBI operates on a rolling
- [Apply Now](https://islamic-banking.com/apply-now-4/) - Application Form You are applying to register for the course leading to IIBI Certificate in Takaful. You must be at least 18 years old and have “O” Level pass grades. Courses Certificate in Takaful Apply Now Registration and Enrolment Course Fee Course Structure Assessment & Examination Completion of Course Mode of Study & Tutor Support
- [Certificate in Takaful](https://islamic-banking.com/certificate-in-takaful/) - ISLAMIC FINANCE QUALIFICATION Certificate in Takaful Equivalent to Level 3 of the National Qualifications Framework of England, Wales and Northern Ireland in the United Kingdom. This programme introduces the fundamentals of Takaful (Islamic insurance) as an ethical alternative to conventional insurance, where shareholders typically seek to generate profit from policyholders. In contrast, Takaful is based
- [Cancellation & Refund Policy](https://islamic-banking.com/cancellation-refund-policy-3/) - Cancellation & Refund Policy Cancellation by the Student If you decide not to proceed with the course, you must notify us in writing within 14 days of the date on the confirmation email containing your registration number.Your cancellation request should include the subject line: “Cancellation of Registration – [Your Registration Number]”Please provide a brief reason
- [Mode of Study & Tutor Support](https://islamic-banking.com/mode-of-study-tutor-support-3/) - Mode of Study & Tutor Support Mode of Study and Tutor Support The distance learning method was chosen for all courses. You can study in the comfort of your own home, during breaks at the office, at your own pace and according to your convenience, (though bearing in mind that each course must be completed
- [Completion of Course](https://islamic-banking.com/completion-of-course-3/) - Completion of Course You will need to complete the Certificate in Islamic Banking course in four months. An average of 6 hours a week is recommended for study. If you fail to pass the Multiple Choice Question (MCQ) Examination in first attempt, you will have the option for a second attempt with the payment of a
- [Assessment & Examination](https://islamic-banking.com/assessment-examination-3/) - Assessment & Examination You will need to take an examination in the form of Multiple Choice Questions (MCQs) at the end of the last lesson of the course. Correct answers will be marked automatically to determine whether you pass or fail.If you fail in your first attempt, you will be allowed a second attempt after
- [Course Structure](https://islamic-banking.com/course-structure-3/) - Course Structure The Certificate in Islamic Banking is equivalent to Level 3 on the National Qualifications Framework of England, Wales, and Northern Ireland in the United Kingdom. The course has 10 lessons and Multiple-Choice Questions (MCQs) questions examination after the last lesson (Lesson 10). The questions are designed to test a basic understanding of the
- [Course Fee](https://islamic-banking.com/course-fee-3/) - Course Fee Standard Course Fee: £99Special Offer for New Learners: £69Reduced to make entry-level Islamic finance education accessible to all learners. Payment of Course Fee You can make payment with your Debit or Credit Card.You can also make payment by bank transfer; we will advise you details in our letter confirming your registration. Fee subsidy
- [Registration and Enrolment](https://islamic-banking.com/registration-and-enrolment-3/) - Registration and Enrolment You will need to meet the following requirements to register for the Certificate in Islamic Banking course:Have “O” Level passesBe at least 18 years old at the time of submitting the application.Have a good understanding of English.Provide the names of two referees who may be approached for verification.The IIBI operates on a rolling admissions basis for
- [Apply Now](https://islamic-banking.com/apply-now-3/) - Application Form You are applying to register for the course leading to IIBI Certificate in Islamic Banking. You must be at least 18 years old and have “O” Level pass grades. Courses Certificate in Islamic Banking Apply Now Registration and Enrolment Course Fee Course Structure Assessment & Examination Completion of Course Mode of Study &
- [Certificate in Islamic Banking](https://islamic-banking.com/certificate-in-islamic-banking/) - ISLAMIC FINANCE QUALIFICATION Certificate in Islamic Banking Equivalent to Level 3 on the National Qualifications Framework of England, Wales, and Northern Ireland in the United Kingdom. This certificate introduces the fundamentals of Islamic banking, grounded in economic principles that emphasise fairness, justice, and moral responsibility in financial dealings. Learners gain an understanding of how banking
- [Cancellation & Refund Policy](https://islamic-banking.com/cancellation-refund-policy-2/) - Cancellation & Refund Policy Cancellation by the Student If you decide not to proceed with the course, you must notify us in writing within 14 days of the date on the confirmation email containing your registration number.Your cancellation request should include the subject line: “Cancellation of Registration – [Your Registration Number]”Please provide a brief reason
- [Mode of Study & Tutor Support](https://islamic-banking.com/mode-of-study-tutor-support-2/) - Mode of Study & Tutor Support Mode of Study and Tutor Support The distance learning method was chosen for all courses. You can study in the comfort of your own home, during breaks at the office, at your own pace and according to your convenience, (though bearing in mind that each course must be completed
- [Completion of Course](https://islamic-banking.com/completion-of-course-2/) - Completion of Course You will need to complete the Diploma in Islamic Banking course in nine months. An average of 10 hours a week is recommended for study and submitting assignments.If you find yourself unable to complete the course within the allotted period of nine months, then you may request for an extension in order
- [Assessment & Examination](https://islamic-banking.com/assessment-examination-2/) - Assessment & Examination You do not have to take any examination at the end of the course.At the end of each lesson there is an online examinations featuring Multiple-Choice, True or False, and short-answer questions. This method ensures a comprehensive evaluation of students’ knowledge and understanding across a broader range of topics, as opposed to
- [Course Structure](https://islamic-banking.com/course-structure-2/) - Course Structure This course is benchmarked at Level 5 on the National Qualifications Framework (NQF) of England, Wales, and Northern Ireland (UK). It comprises five modules and twenty-three lessons, each concluding with a set of assessment questions. The final lesson introduces the concept of insurance in Islam, highlighting its role in lending operations and as
- [Course Fee](https://islamic-banking.com/course-fee-2/) - Course Fee 2026 Special Offer — Invest in Your Future at a Reduced FeeFull Course Fee: £7202026 Offer Price: £375Why this offer?To widen access to high-quality Islamic finance education and support students and professionals seeking recognised qualifications in a rapidly growing global sector. Payment of Course Fee You can make payment online by Paypal with
- [Registration and Enrolment](https://islamic-banking.com/registration-and-enrolment-2/) - Registration and Enrolment You will need to meet the following requirements to register for the Diploma in Islamic Banking course:Have two “A” Level passes plus four GCSE passes at Grade A, B or C. We will also consider other equivalent alternatives.Be at least 18 years old at the time of submitting the application.Have a good
- [Apply Now](https://islamic-banking.com/apply-now-2/) - Application Form You are applying to register for the Diploma in Islamic Banking course. You must be at least 18 years old. For the Diploma you require to have two “A” Level passes plus four GCSE passes at Grade A, B or C. We will also consider other equivalent alternatives. If you do not have
- [Cancellation & Refund Policy](https://islamic-banking.com/cancellation-refund-policy/) - Cancellation & Refund Policy Cancellation by the Student If you decide not to proceed with the course, you must notify us in writing within 14 days of the date on the confirmation email containing your registration number.Your cancellation request should include the subject line: “Cancellation of Registration – [Your Registration Number]”Please provide a brief reason
- [Mode of Study & Tutor Support](https://islamic-banking.com/mode-of-study-tutor-support/) - Mode of Study & Tutor Support Mode of Study and Tutor Support The distance learning method was chosen for all courses. You can study in the comfort of your own home, during breaks at the office, at your own pace and according to your convenience, (though bearing in mind that each course must be completed
- [Exemption](https://islamic-banking.com/exemption/) - Exemption Post Graduate Diploma in Islamic Banking Individuals who hold the IIBI Diploma in Islamic Banking will be granted exemptions from the lessons in Modules 1 and 2 of the IIBI Post Graduate Diploma in Islamic Banking course.We will also consider exemptions for this course based on qualifications awarded by recognised universities and institutions.You should
- [Completion of Course](https://islamic-banking.com/completion-of-course/) - Completion of Course You will need to complete the course in twelve months (one year). An average of 20 hours a week is recommended for study and undertaking assignments.If you find yourself unable to complete the course within the allotted time then you may request for an extension in order to complete the course. Your should submit your request by
- [Assessment & Examination](https://islamic-banking.com/assessment-examination/) - Assessment & Examination Each lesson concludes with an online assessment featuring up to 90 Multiple Choice Questions (MCQs), True/False, and Agree/Disagree statements.This modern format replaces a few lengthy essay-based questions, reflecting the fast-paced, digitally advancing world of learning and assessment.There is no final examination — your qualification is based on consistent lesson-by-lesson performance.All MCQs are
- [Course Fee](https://islamic-banking.com/course-fee/) - Course Fee 2026 Postgraduate Fee Support — Invest in Advanced Islamic Finance ExpertiseStandard Course Fee: £1,4402026 Special Offer: £675Why this offer?To support postgraduate learners and working professionals seeking advanced, practice-focused qualifications in Islamic banking and finance. Payment of Course Fee Payment can be made online by Paypal with your Debit or Credit Card. You can
- [Registration and Enrolment](https://islamic-banking.com/registration-and-enrolment/) - Registration and Enrolment You will need to meet the following requirements to register for the Post Graduate Diploma in Islamic Banking course:Must be a graduate with a bachelor degree from a recognised university.Be at least 18 years old at the time of submitting the application.Have a good working knowledge of English.Provide the names of two
- [Apply Now](https://islamic-banking.com/apply-now/) - Application Form You are applying to register for the Post Graduate Diploma in Islamic Banking course. Your must be at least 18 years old and have a Graduate degree to register for the Post Graduate Diploma in Islamic Banking course. If you are not a graduate, you should have at least three “A” Level passes
- [Programmes](https://islamic-banking.com/programmes/) - Dive into the principles and practices of Islamic finance with our comprehensive guide. Learn key concepts and strategies to navigate this dynamic field....
- [Postgraduate Diploma in Islamic Banking and Insurance](https://islamic-banking.com/postgraduate-diploma-in-islamic-banking-and-insurance/) - ISLAMIC FINANCE QUALIFICATION Postgraduate Diploma in Islamic Banking A Level 7 qualification on the UK National Qualifications Framework (England, Wales, and Northern Ireland). This programme is designed for finance professionals, graduates, and anyone looking to advance their knowledge of Islamic banking. It offers a clear, practical exploration of the economic principles, moral foundations, and financial
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- [Diploma in Islamic Banking](https://islamic-banking.com/diploma-in-islamic-banking/) - ISLAMIC FINANCE QUALIFICATION Diploma in Islamic Banking A Level 5 qualification on the UK National Qualifications Framework (England, Wales, and Northern Ireland). The Diploma in Islamic Banking introduces a values-driven alternative to conventional banking, demonstrating how interest-free finance is structured around profit-sharing, risk-sharing, fairness, and transparency.Through clear explanations, applied examples, and practical case studies, the
- [Course Feedback](https://islamic-banking.com/course-feedback-3/) - Course Feedback The Certificate in Islamic banking course was introduced in March 2024 Pietro La Placa, Itlay September, 2025 It was stimulating to explore this type of finance, thinking ethically and as a bearer of social value. It was interesting to realize that in my own life, I sold my house to a friend in
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- [Glossary of Financial Terms: Y](https://islamic-banking.com/glossary-of-financial-terms-y/) - Glossary of Financial Terms: Y A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Knowledge Islamic economic thought Islamic Jurisprudence [FIQH] Maqasid al Shari’ah Islamic Financial System Shari’ah Rulings and Standards IFSB Standards Islamic Business Ethics AAOIFI Code
- [Glossary of Financial Terms: Z](https://islamic-banking.com/glossary-of-financial-terms-z/) - Glossary of Financial Terms: Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Zahiri A school of thought in Islamic jurisprudence of Sunni branch of Islam, the more well-known being Hanafi, Hanbli, Maliki and Shafi’i. In Shia branch of Islam the
- [Glossary of Financial Terms: W](https://islamic-banking.com/glossary-of-financial-terms-w/) - Glossary of Financial Terms: W A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Wa'ad Promise, undertaking. A promise, such as is found in purchase and sale undertakings used in certain Islamic finance transactions; a promise to buy
- [Glossary of Financial Terms: V](https://islamic-banking.com/glossary-of-financial-terms-v/) - Glossary of Financial Terms: V A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Knowledge Islamic economic thought Islamic Jurisprudence [FIQH] Maqasid al Shari’ah Islamic Financial System Shari’ah Rulings and Standards IFSB Standards Islamic Business Ethics AAOIFI Code
- [Glossary of Financial Terms: X](https://islamic-banking.com/glossary-of-financial-terms-x/) - Glossary of Financial Terms: X A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Knowledge Islamic economic thought Islamic Jurisprudence [FIQH] Maqasid al Shari’ah Islamic Financial System Shari’ah Rulings and Standards IFSB Standards Islamic Business Ethics AAOIFI Code
- [Glossary of Financial Terms: U](https://islamic-banking.com/glossary-of-financial-terms-u/) - Glossary of Financial Terms: U A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ujrah The financial charge for using services (wage, salary, allowance, commission, fee). Ukhuwah Spirit of brotherhood. Ulama Scholars, Muslim scholars trained in Islam and
- [Glossary of Financial Terms: T](https://islamic-banking.com/glossary-of-financial-terms-t/) - Glossary of Financial Terms: T A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ta'awuni A principle of mutual assistance. Tabarru Act of charity out of one’s own free will without any compulsion or obligation. A donation covenant
- [Glossary of Financial Terms: S](https://islamic-banking.com/glossary-of-financial-terms-s/) - Glossary of Financial Terms: S A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Sadaqah Charitable giving. An act of charity. Sadaqah al zara'i Prohibition of a deed which, if permitted, may lead to another prohibited deed. Sadaqah
- [Glossary of Financial Terms: R](https://islamic-banking.com/glossary-of-financial-terms-r/) - Glossary of Financial Terms: R A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Rab al-Mal See Rab ul-Mal. Rab ul-Mal Owner of capital. In a mudarabah contract the person who invests the capital (the capital owner or financier); the investor
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- [Glossary of Financial Terms: K](https://islamic-banking.com/glossary-of-financial-terms-k/) - Glossary of Financial Terms: K A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Kafalah Surety, An obligation in addition to an existing obligation in respect of a demand for something. Lit: responsibility or suretyship. It is a covenant
- [Glossary of Financial Terms: J](https://islamic-banking.com/glossary-of-financial-terms-j/) - Glossary of Financial Terms: J A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Jafri “The school in Islamic jurisprudence of the Shia branch of Islam developed by Imam Ja’far al-Sadiq (d. 765) at about the same time
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- [Glossary of Financial Terms: F](https://islamic-banking.com/glossary-of-financial-terms-f/) - Glossary of Financial Terms: F A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Fadl Excess, additional, surplus, as in Takaful. Fadl-al-Allah The bounties bestowed by the AlmightyAllah. Falah Success, to thrive. Technically, it implies success both in this
- [Glossary of Financial Terms: E](https://islamic-banking.com/glossary-of-financial-terms-e/) - Glossary of Financial Terms: E A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ekrar Declaration, as in Takaful. Equity The value of property in an organisation greater than total debt held on it. Equity investments typically take the
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- [Glossary of Financial Terms: C](https://islamic-banking.com/glossary-of-financial-terms-c/) - Glossary of Financial Terms: C A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Capital Broadly, all the money and other property of a corporation or other enterprise used in transacting its business Capital Markets A financial market
- [Glossary of Financial Terms](https://islamic-banking.com/glossary-of-financial-terms/) - Glossary of Financial Terms A B C D E F G H I J K L M N O P Q R S T U V W X Y Z This glossary is designed to serve as a reference point for individuals seeking to understand key concepts in finance, including a focused selection of terms
- [Glossary of Financial Terms: A](https://islamic-banking.com/glossary-of-financial-terms-a/) - Glossary of Financial Terms: A A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A'yaht See Ayat. Aakhira Life in the Hereafter. Aaqilah Mutual Help, which was an arrangement of mutual help or indemnification customary in some tribes at
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- [Corporate Social Responsibility](https://islamic-banking.com/corporate-social-responsibility/) - Corporate Social Responsibility Islam has very specific rules and guidelines concerning economic life. Notions of corporate social responsibility is in many ways consistent with an Islamic view of societyThe value of social responsibility, either individually or collectively, has been recognised throughout history, and more structured programs for endowments and zakat were introduced by Islam in the 7th
- [AAOIFI Code of Ethics](https://islamic-banking.com/aaoifi-code-of-ethics/) - AAOIFI Code of Ethics The Qur'an and Hadith or Sunnah provide a moral code that ensures ethical behaviour requiring honesty of intention behind actions, fair and just dealings, transparency, accountability, and social responsibility. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) was established in 1991 in Bahrain and is the leading international not-for-profit
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- [IFSB Standards](https://islamic-banking.com/ifsb-standards/) - IFSB Standards The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry.The IFSB is based in Kuala Lumpur, Malaysia and was officially inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international standard-setting
- [Shari’ah Guiding Principles](https://islamic-banking.com/shariah-guiding-principles/) - Shari’ah Guiding Principles The principles of Shari’ah that underpin Islamic banking, finance and insurance are rooted in the primary sources of Islamic jurisprudence: the Qur’an and the Sunnah (the sayings and practices of the Prophet Muhammad, as recorded in Hadith). These are further supplemented by fatwas, or scholarly legal opinions, issued in response to emerging
- [Shari'ah Rulings and Standards](https://islamic-banking.com/shariah-rulings-and-standards/) - Shari'ah Rulings and Standards The Qur’an and Hadith (the recorded sayings and practices of the Prophet Muhammad, known as the Sunnah) provide a comprehensive moral code that underpins moral conduct in all aspects of life. This code calls for sincerity of intention, fairness and justice in dealings, transparency in transactions, accountability for actions, and a
- [Murabaha](https://islamic-banking.com/murabaha/) - Murabaha Q. What is Murabaha?1. Murabaha: (Cost-Plus Financing)Sale on profit. Technically a contract of sale in which the seller declares his cost and profit. This has been adopted as a mode of financing by a number of Islamic banks. As a financing technique, it involves a request by the client to the bank to purchase
- [Musharakah](https://islamic-banking.com/musharakah/) - Musharakah Q. What is Musharakah?1. Musharakah:The term refers to a financing technique adopted by Islamic banks. It is an agreement under which the Islamic bank provides funds which are mingled with the funds of the business enterprise and others. All providers of capital are entitled to participate in the management but not necessarily required to
- [Takaful - A Discussion with Mr Iqbal Asaria & Mr Dawood Taylor](https://islamic-banking.com/takaful-a-discussion-with-mr-iqbal-asaria-mr-dawood-taylor/) - Takaful - A Discussion with Mr Iqbal Asaria & Mr Dawood Taylor Videos Market Regulation and Islamic Economics Islamic Investment Funds Moving beyond the legal aspects of Shari’ah Compliance Speculation & Hedging from a Shari’ah Perspective Takaful – A Discussion with Mr Iqbal Asaria & Mr Dawood Taylor Market Regulation and Islamic Economics Islamic Investment
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- [Difference Between Islamic and Conventional Retail Banking](https://islamic-banking.com/difference-between-islamic-and-conventional-retail-banking/) - IIBI Difference Between Islamic and Conventional Retail Banking Videos Difference Between Islamic and Conventional Retail Banking
- [News](https://islamic-banking.com/news/) - NEWS 2025 1 June 2025: The 2nd Global Islamic Economy Summit, held from 30 May to 1 June 2025 at the Istanbul Financial Center in Turkiye, successfully concluded with a powerful call to action for greater integration of Islamic economic principles in shaping a more ethical and inclusive global economy.Organised under the theme “Islamic Economics
- [Make a Moral Oath](https://islamic-banking.com/make-a-moral-oath/) - Ikhlaas, Purity and sincerity must reflect in everything we do Make a Moral Oath A moral oath is simply an affirmation to act and believe in a code of conduct that emphasises the principles of fairness and justice in all dealings. A moral code is necessary to protect and promote the common interest of the
- [Hippocratic Oath](https://islamic-banking.com/hippocratic-oath/) - Hippocratic Oath Hippocratic Oath is an ethical code attributed to the ancient Greek physician Hippocrates, adopted as a guide to conduct by the medical profession throughout the ages and still used in the graduation ceremonies of many medical schools. It is essentially a statement of moral conduct accepted by doctors as a legitimate statement of duties
- [MBA Oath](https://islamic-banking.com/mba-oath/) - MBA Oath The MBA Oath is a voluntary pledge for graduating MBAs and current MBAs to “create value responsibly and ethically. It started as a group of Class of 2009 Graduates of Harvard Business School, but the history of the Oath does not begin there. From the Hippocratic Oath to the Thunderbird’s Oath of Honor and
- [Maqasid al-Shari'ah](https://islamic-banking.com/maqasid-al-shariah/) - Maqasid al-Shari'ah Maqasid al-Shari’ah may be stated simply as the higher objectives of the rules of the Shari’ah, the observance of which, facilitate the normal functioning of society by enhancing the public good (maslaha), this implies avoiding actions likely to harm to individuals and society. The intent, objective and purpose is simply to achieve social
- [Islam and Business Ethics](https://islamic-banking.com/islam-and-business-ethics/) - Islam and Business Ethics Islam and Business Ethics - Overview Basic Considerations Human Instinct Wealth and Affluence The Islamic Values Justice and Generosity The Market Mechanism The Ethics of Advertising Salesmanship The Just Price The Islamic Law of Options Insider trading Monitoring and Surveillance The Movement of Business Ethics in the West Month for Reflection
- [Moral Code in Islam](https://islamic-banking.com/moral-code-in-islam/) - Moral Code in Islam Islam offers a timeless framework of moral and legal principles designed to ensure justice, compassion, and social welfare. These values are not bound by historical trends or human whims but are rooted in enduring teachings that prioritise leniency, equity, and the collective well-being of society. In the realm of financial dealings,
- [Ethics vs Morals](https://islamic-banking.com/ethics-vs-morals/) - Ethics vs Morals The terms ‘ethics’ and ‘morals’ are often used interchangeably, and this is where confusion can arise. The distinction traces back to their origins. Ethics derives from Old French (etique), Late Latin (ethica), and Greek (ethos), meaning “character,” and is typically used to describe the guiding principles or ideals that shape a community, nation, or belief system. In contrast, morals stem
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- [Past Issues - 2011](https://islamic-banking.com/past-issues-2011/) - Past Issues - 2011 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NewHorizonDate: Jan 2011Issue: 178 View magazine NewHorizonDate: Apr 2011Issue: 179 View magazine NewHorizonDate: Jul 2011Issue: 180 View magazine NewHorizonDate: Oct 2011Issue: 181 View
- [All issues of NewHorizon](https://islamic-banking.com/iibi-magazine/) - All issues of NewHorizon NewHorizon magazine dates back to 1992. The magazine published by Institute of Islamic Banking and Insurance (IIBI) played a vital role in the early stages in the development of Islamic banking and insurance as well as raising awareness and advancing knowledge of Islamic finance as a viable and ethical alternative to
- [Moral Oath](https://islamic-banking.com/moral-oath/) - a commitment to a higher standard of ethics IHSAN Perfection, Excellence in work and social interactions primarily associated with good intention Making a moral oath iscommitting to a higherprofessional standard Moral Oath The Institute of Islamic Banking and Insurance (IIBI) London, United Kingdom and the International Shari’ah Research Academy (ISRA) Kuala Lumpur, Malaysia recommended a
- [Past Issues - 2001](https://islamic-banking.com/past-issues-2001/) - Past issues - 2001 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NewHorizonDate: Jan 2001Issue: 105 View magazine NewHorizonDate: Feb 2001Issue: 106 View magazine NewHorizonDate: Apr 2001Issue: 108 View magazine NewHorizonDate: Oct 2001Issue: 113 View
- [Past Issues - 2000](https://islamic-banking.com/past-issues-2000/) - Past issues - 2000 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NewHorizonDate: Jan 2000Issue: 95 View magazine NewHorizonDate: Feb 2000Issue: 96 View magazine NewHorizonDate: Mar 2000Issue: 97 View magazine NewHorizonDate: Apr/May 2000Issue: 98 View
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- [Past Issues - 1995](https://islamic-banking.com/past-issues-1995/) - Past Issues - 1995 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NewHorizonDate: Jan 1995Issue: 35 View magazine NewHorizonDate: Feb 1995Issue: 36 View magazine NewHorizonDate: Mar 1995Issue: 37 View magazine NewHorizonDate: Apr 1995Issue: 38 View
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- [Past issues - 1993](https://islamic-banking.com/past-issues-1993/) - Past issues - 1993 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NewHorizonDate: Jan 1993Issue: 11 View magazine NewHorizonDate: Feb 1993Issue: 12 View magazine NewHorizonDate: Mar 1993Issue: 13 View magazine NewHorizonDate: Apr 1993Issue: 14 View
- [Past issues - 1992](https://islamic-banking.com/past-issues-1992/) - Past issues - 1992 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 NewHorizonDate: Dec 1992Issue: 10 View magazine Magazine Latest issue of NewHorizon All issues of NewHorizon Latest issue of NewHorizon All issues of NewHorizon
- [IIBI Books](https://islamic-banking.com/iibi-books/) - IIBI Books A Compendium of Legal Opinions on Operations of Islamic Banks – 1997 – Volume One View book A Compendium of Legal Opinions on Operations of Islamic Banks – 2000 – Volume Two View book A Compendium of Legal Opinions on Operations of Islamic Banks – 2004 – Volume Three View book Accounting Issues
- [Past Conferences](https://islamic-banking.com/past-conferences/) - Past Conferences Conferences that IIBI organised or supported.2013Euromoney 12th Annual Islamic Finance SummitLandmark Hotel, London, United KingdomThe International Takaful SummitCario, Egypt 7th Annual Structuring Innovative Islamic Financial ProductsErnst & Young LLP, London, United Kingdom 2012Euromoney 11th Annual Islamic Finance SummitLandmark Hotel, London, United KingdomThe International Takaful SummitJumeirah Carlton Tower, London, United Kingdom Islamic Finance in a Changing WorldDubai, United Arab EmiratesIslamic Banking,
- [Conferences](https://islamic-banking.com/conferences/) - Conferences IIBI was a pioneer in designing and organising international conferences in Islamic banking and takaful (Islamic insurance) dating back to the 1980s. IIBI conferences played a vital role in sharing experiences and presenting views on matters of common interest to bring about the desired change in development of practices and structures to promote the
- [Executive Development Programme](https://islamic-banking.com/executive-development-programme/) - Executive Development Programme IIBI Executive Development Programme (EDP) was first introduced in 2013 aimed at bringing together senior and middle management executives as well as Shari’ah advisers engaged in the Islamic financial sector to reinforce the core values and balanced relationships that are the essence of Shari’ah compliant dealings.The last Executive Development Programme held by
- [Past EDP](https://islamic-banking.com/past-edp/) - Past Executive Development Programmes Executive Development Programme: May 2004Executive Development Programme: September 2003Executive Development Programme: May 2003Executive Development Programme: June 1999Executive Development Programme: September 1998Executive Development Programme: July 1997 Programmes Lectures Ibn e Khaldun Lecture Series Ibn e Rushd Lecture Series Training Workshops Thematic Workshops Executive Development Program Past EDP Conferences
- [Past Thematic Workshops](https://islamic-banking.com/past-thematic-workshops/) - Past Thematic Workshops 2013IIBI/ISRA 5th Annual Thematic WorkshopLondon, United Kingdom2012IIBI/ISRA 4th Annual Thematic WorkshopSNR Denton Office, London, United Kingdom2011IIBI/ISRA 3rd Annual Thematic WorkshopSNR Denton Office, London, United Kingdom2010IIBI/ISRA 2nd Annual Thematic WorkshopThomson Reuters Building, London, United Kingdom2008IIBI/ISRA Managing Shari’ah Risk through Shari’ah Governance The Thomson Reuters Building, London, United Kingdom Programmes Lectures Ibn e Khaldun Lecture
- [Thematic Workshops](https://islamic-banking.com/thematic-workshops/) - Thematic Workshops IIBI thematic workshops were held annually in London, United Kingdom, from 2008 and designed and organised with the International Shari’ah Research Academy (ISRA), Kuala Lumpur, Malaysia, where important themes were discussed in an open consultation process. They addressed the practical challenges by engaging in structured, but at the same time, open and honest
- [Participants Comments](https://islamic-banking.com/participants-comments/) - Participants Comments Omar Shaikh, Ernst & Young (Partitcipant 2007 workshop) "Excellent course set in great surrounds of Clare College. Course was well taught with the variety of participants brininging their own experiencestus providing a more global flavour to the discussion. In addition, being resident course it provides good opportunity to network and develop new relationships."
- [Past Training Workshops](https://islamic-banking.com/past-training-workshops/) - Past training Workshops Training Workshops held by IIBI or endorsed by IIBI20126th Annual Workshop: Structuring Innovative Islamic Financial ProductsFitzwilliam College, University of Cambridge, United Kingdom 2011 3rd Annual One-day Workshop: Islamic Project FinancingGeorge Green Building, London, United KingdomChallenges to Islamic Finance in Post Financial Crisis WorldLondon School of Economics, London, United Kingdom4th Annual One-day Workshop: Sukuk, their
- [Training Workshops](https://islamic-banking.com/training-workshops/) - Training Workshop IIBI training workshops focused on a practice-based approach and allows participants to acquire useful skills and knowledge to facilitate their self-development and empowers individuals to respond to clients seeking explanation that offerings of financial products and services are genuinely Shari’ah-compliant. It also provided an opportunity for participants to increase their visibility and build
- [Ibn Rushd Lecture Series](https://islamic-banking.com/ibn-rushd-lecture-series/) - Ibn Rushd Lecture Series Ibn Rushd lectures were started by IIBI to honour the great Muslim scholar whose thinking integrated Islamic traditions with Greek thought.Ibn Rushd born in 1128 C.E. in Cordova, Islamic Spain, occupies a unique place among the authorities in Islamic jurisprudence that also governs economic transactions. The legal subject areas that he
- [Past Ibn Rushd Lectures](https://islamic-banking.com/past-ibn-rushd-lectures/) - Past Ibn Rushd Lectures The inaugural lecture was given by Dr Abbas Mirakhor on 3 April 2004 in London on the Instrumentalisation of Islamic Financial Institutions to Alleviate Poverty in Muslim CountriesDr Mirakhor was the Executive Director – International Monetary Fund (IMF), and was the co-author of many papers and books on Islamic finance. He
- [Ibn e Khaldun Lecture Series](https://islamic-banking.com/ibn-e-khaldun-lecture-series/) - Ibn Khaldun Lecture Series Ibn Khaldun lectures were started by IIBI to honour one of the greatest Muslim scholars whose ideas laid the foundation for modern economic theory.Ibn Khaldun was born in1332 C.E. in Tunis, Tunisia and spent some time in Granada, Spain. He was a sociologist, philosopher, and historian widely acknowledged to be one of the greatest social scientists
- [Past lectures](https://islamic-banking.com/past-lectures/) - Past Lectures 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Programmes Lectures Past lectures Ibn e Khaldun Lecture Series Ibn e Rushd Lecture Series Training Workshops Thematic Workshops Executive Development Program Conferences
- [Past Ibn Khaldun Lectures](https://islamic-banking.com/past-ibn-khaldun-lectures/) - Past Ibn Khaldun Lectures The inaugural lecture was given by Dr Muhammad Umer Chapra on 10 November 2008 on The Prevailing International Financial Crisis: Can Islamic Finance Help?’ Dr Chapra was the Research Advisor at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank, Jeddah, Saudi Arabia. He made seminal contributions in
- [Lectures](https://islamic-banking.com/lectures/) - Lectures IIBI held lectures throughout the year in London on key topics in Islamic finance. These lectures were generally held monthly until August 2016, with extended lectures for visiting scholars are organised separately in honour of two leading early Muslim scholars – Ibn Rushd and Ibn Khaldun, and to highlight and nurture the intellectual capital
- [Course Feedback](https://islamic-banking.com/course-feedback-4/) - Students Feedback The Certificate in Takaful course was introduced in March 2024 M A Sanjay, Qatar May, 2025 The concepts were clearly defined and the chapters were well spread out. Debbie Jeon, Australia March, 2025 The length and amount of detail in each chapter was excellent as it kept the student interested and not to
- [Course Feedback](https://islamic-banking.com/course-feedback-2/) - Course Feedback Diploma in Islamic Banking Students Abdul Latif Parkar, Qatar "It is an excellent way of distance learning and I am one of the lucky students who has fully utilised this course to equip myself with the knowledge of fastest emerging Islamic Banking Industry. This course has opened the doors for my higher studies
- [Course Feedback](https://islamic-banking.com/course-feedback/) - Course Feedback Post Graduate Diploma Students Adegbola Muhammed Kaseem, Nigeria " In this course, I have gain a lot .when I was studying economics in my degree programme some of my lecturers criticise Islamic economy and I do not always have point to prove them wrong but now that I have acquired more knowledge on
- [Knowledge-sub page](https://islamic-banking.com/knowledge-sub-page/) - Knowledge Prophet Muhammad is reported to have said, “Seek knowledge even unto China.” While the exact authenticity of this narration is debated among scholars, the sentiment it conveys is widely accepted and deeply resonant in Islamic tradition. The statement underscores the immense value Islam places on the pursuit of knowledge, even if it requires great
- [Shari'ah Rulings](https://islamic-banking.com/shariah-rulings/) - Shari'ah Rulings In practice, the permissibility or otherwise of a transaction or business activity is governed by the Shari’ah, that provides the framework for a set of rules and laws, governing economic, social, political, and cultural aspects of Islamic societies.The rules governing Islamic Finance are derived from the Shari’ah. The Shari’ah is a framework of Islamic Jurisprudence derived from the primary sources: The
- [AAOIFI Code of Ethics](https://islamic-banking.com/aaoifi-code-of-ethics-2/) - AAOIFI Code of Ethics The Qur'an and Hadith or Sunnah provide a moral code that ensures ethical behaviour requiring honesty of intention behind actions, fair and just dealings, transparency, accountability, and social responsibility. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) was established in 1991 in Bahrain and is the leading international not-for-profit
- [Welcome](https://islamic-banking.com/welcome/) - Courses Whether you are exploring Islamic banking and takaful, an alternative to conventional insurance, preparing for a career in Islamic finance, or expanding your understanding, our online courses deliver practical insights beyond conventional banking. Grounded in principles of fairness, morals and social responsibility, each course highlights how values guide every financial decision. As a pioneer
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- [Course Evaluation Questionnaire DIB / PGD](https://islamic-banking.com/course-evaluation-questionnaire-dib-pgd/) - Course Evaluation Questionnaire Congratulations once again for successfully completing your chosen course with us!Your feedback will help us identify areas for improvements.Please take a moment to share your experience and suggestions. Diploma / Post Graduate DiplomaNameE-mailCourse titleChoosePost Graduate Diploma Course in Islamic Banking Post Garduate Diploma Course in Islamic Banking and Insurance Diploma in Islamic
- [Course Evaluation Questionnaire](https://islamic-banking.com/course-evaluation-questionnaire/) - Course Evaluation Questionnaire Congratulations once again for successfully completing your chosen course with us!Your feedback is invaluable to us and will help us identify areas for improvements.Please take a moment to share your experience and suggestions. Certificate Title of the courseChooseCertificate in Islamic BankingCertificate in TakafulNameEmailHow would you rate the overall quality of this course?ExcellentGoodFairTell
- [Oath](https://islamic-banking.com/oath/) - Oath I (your name) make this declaration on my own free will, and upon my honour.My purpose is to serve the greater good of society. I will comply with the laws, regulations and codes of ethics applicable generally and recognise that I also have moral obligations to ensure that my behaviour conduct and actions do
- [Pioneering Role of IIBI](https://islamic-banking.com/pioneering-role-of-iibi/) - PROGRAMME Pioneering Role of IIBI Global PerspectiveSince the 1990s we have educated a wide range of students from at least 90 countries around the world. Over the years we have proved to be a durable organisation and successful students are working in the Islamic finance industry world-wide.ExperienceWe led the way in providing the on-line first Diploma course in Islamic
- [Contribution of Muslim Scholars](https://islamic-banking.com/contribution-of-muslim-scholars/) - Early Muslim Scholars Muslim scholars, philosophers, jurists and scientists who made a vital contribution to economic thought and jurisprudence were truly inspired by the Islamic world view and preserved the quest for learning that was transferred to Europe and benefited the emerging Western World. Their contributions are rarely mentioned in text books. Ibn Taymiyyah (1263–1328)Ibn Khaldun discarded the academic practice
- [Al-Mawardi (972–1058)](https://islamic-banking.com/al-mawardi-972-1058/) - Al-Mawardi (972–1058) Al-Mawardi was born in 972 in Basra, Iraq. He was a notable Muslim scholar, jurist, and political theorist and his contributions mainly focused on Islamic law (Shari’ah) and political philosophy. His most famous book, “Al-Ahkam al-Sultaniyya” (The Laws of Islamic Governance), is a comprehensive guide on political theory. In this book, Al-Mawardi delved
- [Al-Ghazali (1058–1111)](https://islamic-banking.com/al-ghazali-1058-1111/) - Al-Ghazali (1058–1111) Abū Ḥāmid al-Ghazzālī , best known as Al-Ghazali. was born in 1058 in Tous, Iran. He was a significant Muslim scholar and jurist who became a key figure in Islamic philosophy. His notable work, “The Incoherence of the Philosophers,” critiqued the ideas of Greek-influenced philosophers. He arguied that some of their views contradicted
- [Ibn Rushd (Averroes) (1126–1198)](https://islamic-banking.com/ibn-rushd-averroes-1126-1198/) - Ibn Rushd (Averroes) (1126–1198) Ibn Rushd, also known as Averroes, was a prominent Islamic scholars and philosopher. He was born in 1126 in Cordoba, Al-Andalus (modern-day Spain), during the Islamic Golden Age. He focused on philosophy, working to merge Aristotle’s ideas with Islamic thought. Ibn Rushd wrote extensive commentaries on Aristotle’s “Nicomachean Ethics” and “Metaphysics,”
- [Al-Fakhr al-Razi (1149–1209)](https://islamic-banking.com/al-fakhr-al-razi-1149-1209/) - Al-Fakhr al-Razi (1149–1209) Al-Fakhr al-Razi was born in 1149 in Ray, Iran. He was a distinguished Muslim scholar who contributed to philosophy, theology, and medicine. His early education laid the groundwork for his later pursuits. In philosophy, al-Razi delved into the works of Aristotle and other Greek thinkers. He shaped the Islamic philosophical tradition. The
- [Ibn Khaldun (1332–1406)](https://islamic-banking.com/ibn-khaldun-1332-1406/) - Ibn Khaldun (1332–1406) Ibn Khaldun was born in 1332 in Tunis, Tunisia and was a notable Muslim scholar and philosopher who made significant contributions to the fields of history and sociology. His most famous work is the “Muqaddimah” or “Introduction,” where he considers the field of historical social existence as an independent field of study which
- [Ibn Taymiyyah (1263–1328)](https://islamic-banking.com/ibn-taymiyyah-1263-1328/) - Ibn Taymiyyah (1263–1328) Ibn Taymiyyah was born in 1263. He was a well-known Muslim scholar who had amajor impact on Islamic beliefs and laws. He was from Damascus, Syria and spent his life studying various aspects of Islam. Ibn Taymiyyah wrote a great deal about theology, Islamic philosophy, and laws, stressing the importance of going
- [Test your knowledge](https://islamic-banking.com/test-your-knowledge/) - Test your knowledge Mutiple Choice Questions Here are fifteen Multiple Choice Questions (MCQs) that will test your knowledge about the basic Islamic economic principles and the rulings that apply to Islamic contracts, Islamic banking and finance, and takaful (the alternative to conventional insurance. The Islamic principles and rulings form a part of Shari'ah and
- [Lectures Topics in 2005](https://islamic-banking.com/lectures-topics-in-2005/) - Lectures Topics in 2005 Disagreements of Shari'ah Boards and its consequences for Islamic Banking Dr Mohamed Aboulkhair Zaki Badawi – Shari’ah Scholar, Pricipal, Muslim College London Nov 2005 Making Sense of Islamic Banking (Reaching out to Muslims and Non-Muslims banking with conventional banks) James Gordon Hume – Cheif Executive Officer, Omega Marketing Consultants Sep 2005
- [Lectures Topics in 2006](https://islamic-banking.com/lectures-topics-in-2006/) - Lectures Topics in 2006 Evolution of Islamic Finance in Mainstream banking Iqbal Khan – Advisory director to HSBC Bank and Former CEO HSBC Amanah Nov 2006 An introduction to legal issues in Islamic finance focusing on aircraft finance James Cameron – Partner, DLA Piper UK LLP Oct 2006 Developments in alternative Islamic financial products Iqbal
- [Lectures Topics in 2007](https://islamic-banking.com/lectures-topics-in-2007/) - Lectures Topics in 2007 An overview of Takaful Ta'awuni (Family/life Takaful) Dawood Taylor – Head of Takaful Ta’awuni, Bank Aljazira Dec 2007 What should be our vision and objectives in Islamic finance? Richard De Belder – Partner, Denton Wilde Sapte, UK Nov 2007 What should be our vision and objectives in Islamic finance? Dr Imran
- [Lectures Topics in 2008](https://islamic-banking.com/lectures-topics-in-2008/) - Lectures Topics in 2008 The Prevailing International Financial Crisis. Can Islamic Finance Help? Dr Muhammad Umer Chapra – Research Advisor. IRTI, Islamic Development Bank Nov 2008 Surviving the credit crunch - Shari'ah-compliant retail investment opportunities Bilal Timol- Director, 1st Ethical, UK Oct 2008 UK Taxation of Islamic Finance - Levelling the playing field Mohammad Amin
- [Lectures Topics in 2009](https://islamic-banking.com/lectures-topics-in-2009/) - Lectures Topics in 2009 Challenge for Global Sukuk Market Farmida Bi – Partner, Norton Rose Nov 2009 Considering the Dichotomy between the Ideals and Realities of Islamic Finance Dr Mehmat Asutay – Reader in Middle Eastern and Islamic Political Economy & Finance Director, Durham Centre for Islamic Economics and Finance, Durham University Oct 2009 Beyond
- [Lectures Topics in 2010](https://islamic-banking.com/lectures-topics-in-2010/) - Lectures Topics in 2010 Risk Concentration, Deposit Protection and Shari'ah Engineering in Islamic Finance Prof. Dr. Volker Nienhaus – Former president of the University of Marburg (Germany) and visiting professor at the ICMA Centre, Henley Business School, University of Reading (UK) Dec 2010 Shari'ah Parameters for Risk Management of Islamic Financial Institutions​ Assoc. Prof. Dr
- [Lectures Topics in 2011](https://islamic-banking.com/lectures-topics-in-2011/) - Lectures Topics in 2011 The Emergent Islamic Financial Legal System: A Practical Method or a Dead End? Nicholas Foster – Senior Lecturer in Commercial Law, School of Oriental and African Studies, University of London Nov 2011 Socio-Ethical Failure in Islamic Banking and Finance Dr Mehmet Asutay – Reader in Middle Eastern and Islamic Political Economy
- [Lectures Topics in 2012](https://islamic-banking.com/lectures-topics-in-2012/) - Lectures Topics in 2012 Paradigm-shifting Islamic solutions to the global financial crisis - A view from legal and Shari’ah scholars Sheikh Bilal Khan & Sheikh Badrul Hasan- Shari’ah Scholars and Co-Chairmen at Dome Advisory Dec 2012 Sukuk: Potentials for Partnership Financing and Genuine Islamic Risk-Sharing Dr Volker Nienhaus- Visiting Professor at Henley Business School, University
- [Lectures Topics in 2013](https://islamic-banking.com/lectures-topics-in-2013/) - Lectures Topics in 2013 Shari'ah Governance to Enhance Corporate Governance Mufti Abdul Qadir Barkatulla Jun 2013 Islamic Assest and Fund Management Practice and Growth Potential Dr Adnan Aziz May 2013 Islamic Finance and Financial Inclusion - A Critical Imperative? M Iqbal Asaria May 2013 Moving away from "Form to Substance" based financing Shaikh Muddassir Siddiqui
- [Lectures Topics in 2014](https://islamic-banking.com/lectures-topics-in-2014/) - Lectures Topics in 2014 Sharia Compliance Audit of Islamic Banking Samir Alamad Nov 2014 Waqf: an instrument for Shari’ah-compliant raising of capital for microfinance and investment Benedikt Koehler Oct 2014 Shifting From Murabaha (cost plus profit mark-up) to Mudarabah (profit-loss) Based Financing Farrukh Raza Jun 2014 “Access to Liquidity in Islamic Financial Markets”: Key Challenges
- [Lectures Topics in 2015](https://islamic-banking.com/lectures-topics-in-2015/) - Lectures Topics in 2015 Riba–free (Interest–free) Banking: An American Experience Dr Abdul Rahman Yahia Nov 2015 External Shariah Compliance Audit for Islamic FundsChallenges and Practicalities Najib Al Aswad Jun 2015 From Halal to Halal and Tayyib M Iqbal Asaria May 2015 Accounting and Reporting Practices for Islamic Banks in the UK and overseas Mohammed Amin
- [Lectures Topics in 2016](https://islamic-banking.com/lectures-topics-in-2016/) - Lectures Topics in 2016 Attracting Investments From GCC Based Islamic Investors and Factors Affecting Their Investment Decisions Asim Khan Aug 2016 BASEL III and Islamic Finance - Challenges and Opportunities M Iqbal Asaria Aug 2016 Is Islamic Finance Ethical? Harris Irfan Aug 2016 Programmes Lectures Past lectures Ibn e Khaldun Lecture Series Ibn e Rushd
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- [PGD sidebar-2](https://islamic-banking.com/?elementor_library=pgd-sidebar-2) - Courses Postgraduate Diploma in Islamic Banking Apply Now Registration and Enrolment Course Fee Course Structure Assessment & Examination Completion of Course Mode of Study & Tutor Support Exemption Cancellation & Refund Policy Course Feedback Apply Now Registration and Enrolment Course Fee Course Structure Assessment & Examination Completion of Course Mode of Study & Tutor Support
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