Certified Islamic Finance Executive™ (CIFE™)

Ethica's CIFE™ is a streamlined 4-month training and certification program, designed to take complete newcomers to an advanced level of understanding in Islamic finance.

The program fee is $1,495, which can be paid online via Visa or Mastercard or through wire transfer and includes:

• 4 months access to self-study videos
• CIFE™ Study Notes (Take a sneak peak here)
• 1 examination attempt
• CIFE™ Certificate couriered to your home or office
• Ethica's 1-on-1 Career Counseling
• Ethica's Recruiter's Database

Ethica's 100% online delivery platform enables us to give you dynamic and up-to-date material 24 hours a day, rather than waiting around for outdated guidebooks, CDs, and distance learning emails.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 modules.

Ethica's award-winning qualification is so well designed that we hardly receive any subject-matter related questions. And for the questions that do arise in the learner's mind chances are that one would find them in Ethica's Q&A database - the largest collection of scholar-approved Islamic finance Q&As available online. Now add to that our experts who are here to answer your questions over email (questions@ethicainstitute.com).

You get access to our entire inventory of training videos during your study-period. See full list here. You can play each video as many times as you like - 24 hours a day!

One module consists of an approximately 20 minute training video comprising a variety of exercises, case studies, and quizzes, along which the student is expected to conduct his or her own 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 access period.

You are expected to conduct self-study of the following modules and subsequently appear for the CIFE™ examination online:

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

There are no prerequisites for the Ethica CIFE™ though some prior knowledge of finance does help. If you have no prior knowledge of Islamic 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.

There are no fixed dates for the program either. You can start whenever you like.

The CIFE™ Examination: A 90 minute timed exam comprising 100 multiple choice questions. The pass mark is 70%.
How to take the exam: Login, click on 'My Account' and then click on 'Take CIFE™ Exam'
Re-attempt: If you fail you can re-attempt the exam by paying a fee of $195 per attempt.