Certified Islamic Finance Analyst (CIFA)
Target commencement date: This is an online on your own pace, you may enroll at anytime you wish.
Duration: Online at your own pace training course
Training Days: In-person training for Pre-Course Introduction will be held on: to be confirmed
Closing date for application: Anytime
Introduction
Centre for Islamic Management Studies (CIMS),
Singapore in collaboration with SHAPETM offers a comprehensive three
level Islamic finance certification with the aim to produce and nurture Islamic
Finance leaders in Singapore. The
certification, Certified Islamic Finance Analyst (CIFA) is the sole
qualification in Islamic finance with specialized route for one to choose from
mainly Commercial Banking, Investment Banking & Wealth Management.
CIFA is recognised and widely accepted by many financial institutions in equipping the staff with the right knowledge and
skills in Islamic Finance. All modules include discussions of marketing,
accounting, risk management, and contrasts to traditional banking and finance.
With the approach of real market cases and mini-case studies, the qualification
will equip one with practical Sharia’ knowledge and understanding in Islamic
Finance.
The training is flexible and candidates may
choose to pursue the qualification up to the level one finds suitable to their
preference and career requirements. The qualification consists of core and
elective modules that are divided into 3 levels. These are:
Foundation
Level – 4 core and 2 elective
Application
Level - 2 core and 1 elective
Integration
Level – 2 core and 1 elective
Module Delivery &
Examination:
The modules will be introduced by
a SHAPETM certified trainer at CIMS premises and later via the online
learning portal. For the in person training, participants will undergo lectures,
interactive test and games and assessment at the end of the training session.
On the online learning portal, CIFA candidates will be embark on to an average of
10 - 20 hours of learning, mock tests and module test. The
passing mark for the assessment is 80%. Upon passing the assessment, candidate
will be entitled to CIFA Module Certification “Certificate of Completion”,
issued by SHAPETM and CIMS.
To be entitled for the CIFA Level
Certification, candidates are required to attempt and pass the level
examination which will be held at CIMS premises. The level examination will
comprise of 2 hours of MCQ questions based on all the modules that the candidates
have undergone.
Generally, candidates may take
from 2 weeks to 2 months to finish each module depending on the style and speed of
study for each candidate. For each online learning module, candidates will have
12 months of access from the first time login.
Price for Foundation Level Certificates:
Promotional price: SGD1950(limited time only) that
includes; (u.p.: SGD2500)
a. 4
core modules – Islamic Banking & Finance, Islamic Liability Products, IFSB
Risk Management, and AAOIFI Accounting
b. 2
elective modules – see the CIFAWay chart above
c. 1
Foundation Level Comprehensive Examination
d. 1
day (9am to 5pm) – pre course introduction conducted at CIMS Training Centre by
SHAPE™ trainer
e. 2
days (9am to 5pm) – pre exam training by SHAPE™ trainer
In Person Training: to be confirmed
Where:
CIMS Training Centre, 32 Onan Road, Singapore 424484
Registration forms can be found here
Brochure can be found here
Who is SHAPETM?
:
SHAPE
Financial is a leading service firm for the Islamic markets: we are a product
developer, consulting firm, and trainer to the global financial markets. The
SHAPE Financial team of professionals enjoys considerable international
experience. Our clients enjoy SHAPE's expertise and knowledge on various
assignments, helping them structure solutions consistent with best practices in
Islamic finance. SHAPE believes that consulting and training complement each
other well. We have developed and delivered customized and specialized training
to line staff, managers, and directors.
SHAPETM
principal objective is to serve the global financial service community by
offering targeted expertise and implement best practices in financial
institutions in the area of Islamic Finance and developing acceptable solutions
within the existing financial services framework
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DISCLAIMER:
The Centre for Islamic Management Studies (CIMS) reserves the right to change/postpone/revise/cancel the dates, time, venue, lecturers and/or fees for any of our courses without notice
