Diploma in Islamic Banking and Finance (Level 4)
Course Level Level 4
Awarding Body ABC AWARDS
Study Method Distance Learning
Course Duration 260 Recommended Study Hours
Entry Requirements No Entry Requirements
Start Date Ongoing
Pay in Full
Get £ 100.00 Discount when you pay in full.
Discounted Fee: £ 440
you can pay Oxford Home Study using payatrader
Pay in Instalments
£ 108 Deposit & 12 payments of £ 36 / Month
Total Fee: £ 540
you can pay Oxford Home Study using payatrader

Islamic Finance Course.

Discover one of the most important contemporary global financial sectors and explore an extraordinary world of potential career opportunities. Demand for Islamic banking services has been growing at record-pace for much of recent history, to such an extent that approximately 20% of the entire global population now utilises or intends to use Islamic banking and financial products.  As a comparatively niche industry area compared to conventional banking, those with the necessary knowledge, skills and talents to make it in the world of Islamic finance are in consistently high demand the world over.  Whether it’s furthering an existing career in finance or setting out on an entirely new direction, this outstanding diploma could be your ticket to the big time.

This Islamic Finance Online Course, has been designed to give those with an existing interest in contemporary finance an invaluable introduction to the subject.  With no specific knowledge or industry experience required, candidates are gradually guided through 14 detailed modules from the basic fundamentals to highly in-depth specialist knowledge.  Course content on this Islamic Finance Course, begins with a broad overview of Islamic banking and finance, along with the most important historical aspects of the subject. How and why Islamic banking differs from conventional banking is explored in-depth, along with a series of essential Islamic financial products and banking ethics considerations.  Candidates also investigate several important Islamic financial contracts, along with key negotiating techniques.

Those who successfully complete the course will find themselves able to pursue an extraordinary array of career opportunities in this comparatively unexplored sector, or enhance and enrich existing banking and financial careers. 

This Islamic Banking Online Course,  is delivered over 14 modules:

Module 1 - Introduction to Islamic Banking & Finance

The introductory course module begins with a comprehensive outline of Islamic banking and finance as it exists today.  Candidates begin to explore why it is that Islamic banking and financial services are in increasingly high demand, while examining a series of key Islamic financial contracts and studying the prohibitions of Gharar and Riba.

Module 2 - History of Islamic Banking and Finance

The second course module takes an in-depth look at the history and evolution of Islamic banking and finance, investigating both recent changes to the system and the origins of Islamic banking.  Candidates explore how conventional western banks work alongside Islamic banking institutions, along with the role of theGeneral Council for Islamic Banks and Financial Institutions.

Module 3 - The Philosophy of Islamic Finance

Course content in Module 3 examines Islamic banking and finance from a philosophical standpoint, outlining the philosophies and theories at the core of Islamic finance.  Candidates also investigate a number of key alternative financing principles.

Module 4 - The Islamic Banking Model

The following module centres around the Islamic banking model, providing candidates with a broad overview of how the model is put to use in the modern banking industry and how it fits in with conventional western banking.  Course content also begins to explore the key differences between western banking and Islamic banking.

Module 5 - The Islamic Economic System

An introduction to the primary objectives of Islamic Shari’a and its role/importance in Islamic banking and finance enters the discussion in Module 5, which also provides candidates with a broad overview of the Islamic economic system.  Along with exploring contemporary Islamic economics, candidates begin to build a deeper understanding of the value of the Islamic banking system in its modern form.

Module 6 - Islamic Law of contract & Business Transactions

Course content in Module 6 centres primarily on Islamic contracts and their general framework.  Islamic law of contract and business transactions are explored in-depth, with candidates investigating key contract elements, a number of associated terms and the validity of Mu’amala’t.

Module 7 - Islamic Finance – Products and Procedures

A series of key products and procedures at the heart of contemporary Islamic finance are explored throughout Module 7.  Several important Islamic financial institutions are introduced and explored, incorporating a detailed comparison of key Islamic financial products and their conventional alternatives.

Module 8 - Murabaha and Musawamah

The negotiation techniques of Musawamah and Murabaha enter the conversation in Module 8, in which candidates discuss and analyse the importance of each to the Islamic financial system and how they differ.  Course content also introduces a brief history of Islamic financial negotiations.

Module 9 - Salam and Istisna‘a’

A series of critically-important subtopics are introduced in Module 9, which pays particularly close attention to Salam and Istisna‘a’.  Candidates also explore and analyse Salam-Post Execution Scenarios, the Valid Salam Contract, Istisna’a and Salam-Based Securitization-Salam Certificates/Sukuk.

Module 10 - Ijarah – Leasing

Course content in Module 10 introduces Ijarah and the important role it plays in contemporary Islamic banking/finance.  Along with an outline of the most important Juristic Rules of Ijarah, candidates are provided with a preliminary overview of Takaful, which is then deepened and enhanced in the following module.

Module 11 – Takaful

A detailed analysis of Takaful is provided in Module 11, which along with outlining the most important differences between conventional insurance and Takaful also guides candidates through a variety of Takaful models and the role Takaful plays in modern Islamic banking.

Module 12 - Loan & Debt in Islamic Banking

The following course module provides candidates with a broad overview of loan and debt from an Islamic banking perspective, outlining how loans and debts are closely tied with both rewards and risk.  Inflation in respect to loan and debt is also introduced, along with Security/Guarantee (Kafalah) and important related teachings from the Holy Qur'an.

Module 13 - Islamic Business Ethics

A series of critically-important ethical considerations and core philosophies are discussed at length in Module 13, which introduces candidates to a number of crucial concepts including freedom from Dharar, prohibition of Najash, free marketing, fair pricing and mutual cooperation.

Module 14 - Globalization of Islamic Banking

Closing the course, the globalisation of Islamic banking is introduced and explored in Module 14.  Along with an overview of the International Islamic Rating Agency and the Islamic Financial Services Board, candidates are provided with a series of key insights with respect to the ongoing growth, development and accelerating-importance of global Islamic banking.

Payment Option

Paying in Instalments: £540(interest FREE Instalments)

Deposit: £108

No of Instalments: 12

Each Instalment: £36

Pay in Full: (£100 Discount) £440

Course Accreditation

At the end of this course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (which lists the details of all the units you have completed as part of your course).

The course has been endorsed under the ABC Awards’ Quality Licence Scheme.  This means that OHSC has undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria.  The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future.  The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector.  To this end the learning outcomes of the course have been benchmarked at Level 4  against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner. 

The course itself has been designed by OHSC to meet specific learners’ or employers’ requirements.   ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met.  A regular review of courses is carried out as part of the endorsement process.

ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government.  They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF).  It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries.   As a registered charity, ABC Awards combines 180 years of examination and assessment expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards also offers over 600 Ofqual regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Q. How does Distance / Online Learning work?

All our courses offer the flexibility of learning. These are divided into units. After each course unit the student is required to complete and submit an assignment. Students work through each unit at your own pace. There are no deadlines for completing and submitting the assignments. Tutor marks the assignment and uploads the result on the portal. The student then moves on to the next unit and this way completes the course. All the submitted work is assessed by the awarding body at the moderation stage. Recognised Certificate is issued by the awarding body.

Q. When can I start the course?

You can start the course anytime. The enrolments are continued throughout the year.

Q. What is the enrolment process?

Enrolment process is very simple. After you have chosen the course you wish to take you can just fill in an online form and we will send you invoice for the course fee. On receipt of payment we will give you course access and your course tutor will contact you as well. You can even start right now by paying the course fee online.

Q. Can I take up the course if I am not in the UK?

Yes, you can. All our courses can be taken up and completed from anywhere around the world. If you are an international student you will enjoy the same support as any other student within the UK does.

Q. How long does it take to complete the course?

This entirely depends on you that how much time you dedicate to your studies and how fast you intend to complete the course. We have provided estimated study hours for each course on the course page. You can plan your study according to your own schedule.

Q. Will I get tutor support?

Yes. all our courses come will one to one tutor support. This support is available for duration of the course. Once you will enrol on the course you will be allocated an experience tutor who will guide you throughout the course. The tutor will mark your assignments and will provide you feedback on your submitted work. You can contact your tutor through email.

Q. Can I retake the assignment if I fail it once?

Yes, In that case your tutor will ask you to resubmit your assignment and will highlight the areas where you need improvement.

Q. Is there any deadline for submitting the assignments?

No, there are no deadlines for the submission of assignments. Students work at their own pace and plan their study according to their own schedule. However you will submit one assignment at a time so that the tutor can mark one and can give you feedback. Following which you can move on to your next unit and assignment.

Q. Do I need to sit an exam at the end?

All our courses are assignment based. Your submitted work is assessed throughout the course. There is no final exam at the end.

Q. Do I need to purchase any text books?

College provides comprehensive course materials containing all the relevant information you require to complete the course. All this is all included in the course fee. However we encourage our students to undertake additional study on the topics. For further help we have provided additional supporting material on the portal. There are also useful links relevant to the course you are studying.

Q. English is not my first language can I still complete the course?

All our courses have been specially written for home study keeping in mind that our students come from all parts of the world and English is not the first language for most of them. Our course materials are written in easy to understand English. If you have basic English skills you can easily complete the course.

Q. What are the entry requirements?

There are no specific entry requirements for most of our courses. All you need to have is the motivation and commitment for completing the course.