Certified Islamic Finance Executive™ (CIFE™)

The Fastest Way to Learn Islamic Finance Guaranteed

Best Research and Education Company

Best Research and
Education Company
Dubai, UAE

Best Islamic Finance Training Institution, Finance Education Provider, Online Islamic Finance Program MENA

Best Islamic Finance Training Institution MENA
Best Islamic Finance Education Provider MENA
Best Online Islamic Finance Program MENA
London, UK

Best Online Islamic Finance Program

Best Online Islamic
Finance Program
London, UK

Best Islamic Finance Qualification

Best Islamic Finance
London, UK

Education Leadership Award

Education Leadership Award
Dubai, UAE

Islamic Finance Education Provider of the Year

Islamic Finance Education
Provider of the Year
London, UK

CIFE Certificate
(Click to Zoom)

CIFE Certificate
(Click to Zoom)

Play a video from Ethica’s award-winning CIFE™ program

Ethica's CIFE™ is an accelerated training and certification program designed to take complete newcomers to an advanced level of understanding in Islamic finance in 4 months or less - 100% online.

The program fee is $1,800, paid online (Visa, Mastercard), PayPal or by wire transfer. When you sign up you get:

  • 4 months access to award-winning CIFE™ self-study videos (Online)
  • CIFE™ Study Notes (Download now)
  • CIFE™ examination (Online; One attempt included)
  • Framed CIFE™ Certificate couriered to your home or office
  • Official CIFE™ Transcript (PDF)
  • Use CIFE™ as a designatory title after your name on resumes and LinkedIn
  • Access alumni network spanning +160 financial institutions in 65 countries
  • Search +2,000 "Ethica" hits on LinkedIn

Does the CIFE™ have any prerequisites?

There are no prerequisites for Ethica's CIFE™ and if you have no prior knowledge of finance, you've come to the right place. We designed the material specifically for newcomers seeking a high level of proficiency in the practical aspects of Islamic finance in a very short amount of time.

When can I start and when will I finish?

There are no fixed dates for the program. Start whenever you like. Once you understand the core modules listed below that comprise of testable material, you are ready to take the 90-minute online CIFE™ examination. You can take the exam as soon as you are ready; for some that's 3 months, for others it's less than 1 month: you choose your pace. The recommended study schedule shows you how to comfortably finish the program in the allotted 4-month period with an investment of as little as 1 hour per week.

If I have any questions about the study material, who do I ask?

Ethica's team of experts are here for you. We hold your hand every step of the way from the day you enroll, through your entire CIFE™, and beyond certification as you develop your career. Email us at questions@ethicainstitute.com for a rapid response, call us on +971 4 455 8690 , or visit us at our offices in Dubai. We are passionately dedicated to serving you. And there is always Ethica's Q&A database - the largest collection of scholar-approved Islamic finance Q&As available online.

When do I receive my study package?

The CIFE™ study package you receive immediately upon enrollment consists of two parts: 1) the mandatory part comprises the online training videos and the certification exam; and 2) the optional part contains over 400 pages of premium Islamic finance material including CIFE™ Study Notes, sample Islamic finance contracts, informative articles, recommended reading lists for Islamic finance practitioners and entrepreneurs, a glossary of commonly used industry terminology, and over 1,000 scholar-approved Q&As.

What does the CIFE™ curriculum include?

The CIFE™ comprises 22 core modules. One module consists of an approximately 20 minute training video which includes a variety of exercises, case studies, and quizzes, along with which you do your self-study. Experience with hundreds of other learners shows that the CIFE™ program is comfortably manageable in about 1 to 3 months of training and about 1 month or less of studying for the examination, enabling most users to complete the program in less than the 4 month study period.

  1. Why Islamic Finance?
  2. Understanding Ijarah I - Islamic Leasing
  3. Understanding Ijarah II And Quiz - Islamic Leasing
  4. Understanding Mudarabah I - Islamic Investment Partnerships
  5. Understanding Mudarabah II - Islamic Investment Partnerships
  6. Understanding Mudarabah III And Quiz - Islamic Investment Partnerships
  7. Understanding Murabaha I - Cost Plus Financing
  8. Understanding Murabaha II - Cost Plus Financing
  9. Understanding Murabaha III And Quiz - Cost Plus Financing
  10. Understanding Musharakah I - Islamic Business Partnerships
  11. Understanding Musharakah II - Islamic Business Partnerships
  12. Understanding Musharakah III And Quiz - Islamic Business Partnerships
  13. Understanding Salam And Istisna I - Forward Sales And Manufacturing Contracts
  14. Understanding Salam And Istisna II - Forward Sales And Manufacturing Contracts
  15. Understanding Salam And Istisna III And Quiz- Forward Sales, Manufacturing Contracts
  16. Understanding Sukuk I - Islamic Securitization
  17. Understanding Sukuk II And Quiz - Islamic Securitization
  18. Understanding Islamic Insurance And Quiz
  19. Liquidity Management In Islamic Finance I
  20. Liquidity Management In Islamic Finance II And Quiz
  21. Risk Management In Islamic Finance I
  22. Risk Management In Islamic Finance II And Quiz
How does the CIFE™ exam work?

The CIFE™ examination is a 90 minute exam of 100 multiple choice questions. The pass mark is 70%. You can take the CIFE™ examination from your home, office or university. We also provide organizations the ability to conduct closed-door exams at their respective locations.

What happens if I fail?

If you do not pass the first time, you pay $300 for the re-attempt.

How is Ethica's CIFE™ program the 'fastest way to learn Islamic finance guaranteed'?

Just as 20% of your clothes get worn 80% of the time and 20% of your effort yields 80% of the results, the 80-20 principle teaches us that there is an essential core at the heart of everything. We give you the 80-20 of the Islamic finance world. When you sign up for Ethica's CIFE™ you get only the most essential, practical Islamic finance knowledge distilled into an accelerated 4-month program. Dynamic and up-to-date material 24 hours a day, rather than waiting around for outdated guidebooks, CDs, and distance learning emails. Our training and certification is designed for maximum knowledge transfer without burdening you with more information than you require. All the information, including spreadsheets, case studies, questions, exercises, and quizzes is contained in the training videos.

Ask an Islamic Finance Question

Each question is reviewed by an Islamic finance expert and approved by a scholar.

Ask Now »


Browse one of the world's largest database of Islamic finance Q&As available online.

View details »

What’s New at Ethica

Press releases, live events, book recommendations, discount offers, and more

View details »