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You Need to Ask Yourself
7 Questions Before You Choose Your Islamic Finance Certificate
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Is my certificate recognized?
Ethica's CIFE™ earned us the award nomination for "Best Islamic Finance Training Institution" by Islamic Business & Finance Magazine, the industry's most recognized award-granting body. What made it special was that the vote came from industry practitioners. The best part: we were the only online training institute nominated.
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Is my certificate popular?
More people choose Ethica's CIFE™ than any other Islamic finance certificate in the world. Period. With hundreds of candidates joining every single month you can be safe in the knowledge that you're joining a community of recognized alumni.
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Is my certificate based on AAOIFI Shariah standards?
Ethica’s CIFE™ is the only online certificate in the world to conform to the latest AAOIFI Shariah Standards, the Islamic finance industry’s most widely-accepted standard, and the same standard followed by central banks across the world.
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Is my certificate recognized by Islamic finance scholars and bankers?
Ethica’s CIFE™ is accredited by leading Islamic finance scholars and bankers to conform to AAOIFI, an exacting and painstaking task in light of the numerous technical rulings one must understand.
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Where is the certifying institute based?
Islamic finance trainers need to be where the action is. It is one thing to read about deals sitting far away, and quite another to be working with bankers and scholars who execute transactions for a living. There are only a few key Islamic finance hubs and according to Forbes Magazine, Dubai holds the title of Islamic finance hub.
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Should I get a CIFE™ or an MBA?
Ethica’s CIFE™ is rigorously prepared by a team of bankers and scholars. MBAs, on the other hand, are prepared by professors. When you get a CIFE™ you enter the small circle of distinguished professionals who are ready for the practical side of Islamic finance, not just the theoretical side. And our accelerated program gets you there in just 4 months, not 2 years.
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Is my certificate up-to-date?
Workbooks, CDs, and distance-learning courses grow old fast. Can you really be sure that your 3-year old workbook or last year's CD is up-to-date? With Ethica’s CIFE™, when Islamic finance innovates, our online content innovates right there with it. So you can be sure that you're never left behind.
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Do Ethica Institute's™ Shariah standards conflict with our bank's Shariah standards?
We designed our training material to be detailed enough to be practical, and general enough to be useful to individual banks that have their own policies and practices. We follow internationally recognized standards already followed by the majority of the industry and we customize and white-label for banks seeking to develop more of their own material.
Does Ethica Institute's™ training cannibalize HR functions? If everything is done on computers, what happens to internal trainers?
Internal trainers are indispensable to Ethica Institute™: conduct bank-wide, CIFE™ training at Ethica Institute™; then deliver blended, high-level training face-to-face with HR and training professionals. Without internal trainers, "blended" training never happens. With Ethica™, HR and training managers become even more important.
Won't we save money by developing our own training?
Knowledge process outsourcing, or KPO, is one of the fastest growing sectors of the banking industry because it saves banks money. At Ethica Institute™, training 500 staff costs less than $17 per trainee per month; and training 1,000 staff costs only around $12 per trainee per month. A small fraction of the time, money, and opportunity cost associated with diverting funds and distracting staff with internal training.
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