About Ethica Institute of Islamic Finance
Ethica Institute of Islamic Finance is a training, certification, and advisory institute based in Dubai. Winner of "Best Islamic Finance Qualification" at the Global Islamic Finance Awards, Ethica is chosen by more professionals for Islamic finance certification than any other organization in the world. Training and certifying thousands of professionals in over 100 financial institutions in 47 countries, Ethica's 4-month Certified Islamic Finance Executive (CIFE) is the only globally recognized certificate accredited by scholars to fully comply with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), the world's leading Islamic finance standard. Ethica's award-winning CIFE is delivered 100% online or live at the bank. The Dubai-based institute is now supported by Licensed Ethica Resellers in 11 countries.
Ethica is the most heavily enrolled Islamic finance program in the world: training and certifying thousands of professionals from over 100 financial institutions in 47 countries
Ethica is the world's most trusted name in Islamic finance certification with more learners than any other Islamic finance program. Ethica is now the only training institute in the world to successfully roll out bank-wide Islamic finance e-learning. We have done so across large banks (e.g. Mashreqbank's bank-wide e-learning and certification), large academics (e.g. La Trobe University's accredited semester course in Australia), and global corporates.
Ethica offers leading market recognition: winner of "Best Islamic Finance Qualification"
Ethica is chosen by more professionals than any other Islamic finance certifier in the world (based on independent surveys with IIBI, INCEIF, CIMA, IFQ, university programs, and other smaller players). In 2011 we won the award for "Best Islamic Finance Qualification" from Global Islamic Finance Awards in the UK and in 2012, 2011, 2010, and 2009, Ethica received the award nomination for "Best Islamic Finance Training Institution" from Islamic Business and Finance magazine in Dubai. In 2012 we were shortlisted as finalists for "Business Innovation of the Year," "Online Business of the Year," and "Customer Focus of the Year" categories by the Gulf Capital SMEInfo Awards in Dubai.
Ethica guarantees standardization: 100% AAOIFI-compliant and scholar-accredited
Ethica is the only certifier to offer scholar-accreditation for 100% AAOIFI-compliance. Ethica offers the highest form of accreditation possible in Islamic finance: fatwas from leading scholars stating that we comply with AAOIFI, the most widely accepted standard in Islamic finance. Shaykh Yusuf Talal DeLorenzo, Mufti Zubair Usmani, and a team of practitioners certify Ethica certificates for 100% AAOIFI-compliance - not 80% or 90%, which leads to confusion.
Ethica offers the most extensive selection of advanced training
Ethica offers the most training, and the most advanced training. Period. We offer a huge inventory of face-to-face and e-learning programs. This strength reflects our ability to leverage from an entire team of experts who handle everything from the most fundamental training all the way up to the most advanced. We have delivered 2 day sales training for CROs all the way up to rigorous 10 day intensives at the bank. Ethica's trainers are among the best in the industry and our team is made up of specialists only: scholars, legal experts, Islamic bankers and practitioners with over 15+ years of experience. They work on product innovation for a living and continue to advise central banks, governments and regulatory bodies. Here is a partial list of some of the programs delivered by Ethica in the past:
- 100 American Imams receive Islamic finance training (4 Days, USA)
- Certified Islamic Finance Master Class (5 Days with on-site certification, Turkey)
- Certified Islamic Finance Master Class (4 Days, Kenya)
- An Introduction to Islamic Banking (3 Days, Dubai)
- Sukuk: Understanding The Structuring, Execution And Legal Issues (Workshop, Switzerland)
- Islamic Real Estate Finance: Islamic Finance And Structures For Real Estate Development (5 Days, Dubai)
- Islamic Capital Markets' Boot Camp: Sukuk Essentials - Principles, Products, Structuring And Pricing (2 Day, Riyadh)
- Islamic Accounting Standards (5 Days, Dubai)
- Essentials of Islamic Finance (Workshop, Abu Dhabi)
- Liquidity Management in Islamic Finance (Workshop, Abu Dhabi)
- Risk Management in Islamic Finance (Workshop, Abu Dhabi)
- In-house training for Noor Islamic Bank (3 Days, Dubai)
- 1-on-1 Coaching for top executives of First Gulf Bank (3 Days, Abu Dhabi)
- Numerous workshops, seminars and talks for universities and colleges across the world
Ethica offers truly blended learning: 100% online e-learning and 360° assessment
Crash courses don't work. And guidebooks don't get read. After your learners leave the classroom they need to apply what they learn in an interactive and self-paced environment. Know what your learners are doing and how their learning is progressing. Only Ethica offers e-learning combined with our industry-proven assessment dashboard, empowering learning managers with 360° visibility on learner progress.
At Ethica Institute of Islamic Finance we believe that many of the world's problems could be solved by providing alternatives to interest-based banking. If governments, companies, and individuals could focus on something other than repaying mounting debts, the world would be a much better place. We also believe that the industry urgently needs to 1) comprehensively train the many people now entering Islamic finance in AAOIFI standards, the de facto standard in over 90% of the world's jurisdictions; 2) create Shariah-based solutions for a broader set of clients, including the poor, not just Sharia-compliant solutions for institutions and the wealthy; and 3) address the very real problem of social and environmental degradation at the hands of fractional debt reserve banking.
Crash courses are not enough.
What is needed is ongoing, standards-based training for everyone. From single individuals to entire banks. Anytime, anywhere.
In an effort to meet this growing demand for Islamic finance certification, we created Ethica Institute of Islamic Finance. Ethica offers the world's first dedicated Islamic finance training portal offering training videos, certification, career counseling, recruiting assistance, live webinars, and the world's largest library of scholar-approved answers available online.
Unlike traditional institutes typically run by academics and administrators, Ethica finds its roots in the cut-and-thrust of banking execution. This real-world experience translates directly into the effectiveness of Ethica's practical content. Launched by a team of bankers and scholars who, to this day, conduct advisory and training assignments in the industry, content development for Ethica Institute of Islamic Finance began in 2002 before the parent company, IAG, formally launched in Dubai in 2007. Based on its latest share sales, the company is currently valued at USD30 million.
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