CIFP is the acronym for Chartered Islamic Finance Professional. Students of the CIFP programme are exposed to on-site and online learning or eLearning, and the latest teaching techniques (i.e. simulation, management games and real business and working environment).
CIFP is one of the world's first certifications on Islamic finance. The modules offered are designed and taught by a teaching faculty comprising renowned international and local scholars in the area of Shariah and finance as well as Islamic financial services industry experts. CIFP consists of 3 parts.
Candidates will gain the necessary knowledge in Islamic finance, from theory and ethics to wealth planning and management. Assessments will be done through examinations, transaction-oriented assignments and project papers before candidates are conferred the Associate Member status.
Part II will equip candidates with the required skills in handling operational issues and Islamic financial transactions such as structuring corporate financing and issuing Islamic securities. To be conferred the Proficient Member status, candidates need to pass examinations, undertake project papers, written case studies, prepare transactional documentations and run a simulation bank in a financial laboratory.
The final part involves an articleship programme in which various activities will be designed to provide candidates with practical experience in the Islamic financial services industry. These include mentor-mentee programmes at pre-approved participating Islamic financial institutions.
Candidates will have to go through a validation process such as solving problems, restructuring exercise, simulation and management games, product conversion exercise, Shariah and audit compliance, and interviews. Successful completion of this module leads to the conferment of the Practising Member status to candidates.
The International Centre for Education in Islamic Finance (INCEIF) was established to develop Islamic finance professionals and experts in order to address the human capital needs of a rapidly expanding industry. Its main focus and objective is to produce high calibre professionals for the global Islamic financial services industry through our professional certification programme, the Chartered Islamic Finance Professional (CIFP).
Registered Student of INCEIF is automatically a student of ACIFP.
Membership shall be open to those who have completed Parts 1, 2 and 3 of the Chartered Islamic Finance Professionals (CIFP) Programme. You can register for the CIFP Programme at www.inceif.org or contact the following educational service providers (ESPs):
ICMA Centre, University of Reading
Ceylinco Business School
Imam Sadiq University
Kyung Hee University
Universitas Indonesia, Jakarta
Universitas Airlangga, Surabaya
Universitas Hasanuddin, Makassar
- Practicing Member: RM400 per annum
- Proficient/ Associate Member: RM100 per annum
- Registered Students: RM50.00 for a period of three years.