IIFP Certificate Courses

CERTIFIED TAKAFUL PROFESSIONAL (CTP)

With the emergence and development of Shari’ah-compliant substitutes for conventional financial products and services, Takaful emerged as an Islamic solution to risk mitigation. Takaful, which is an integral segment of the global Islamic finance services industry, is set to grow further both locally and globally. Although Takaful in Nigeria has recorded less than 1% market penetration, which indicates a vast opportunity in the industry for not just the Investors, policy makers, Shari’ah scholars as well as the general public.

This course has been broken down into 3 modules, which is set to expose learners to the length and breadth of Takaful from its basic conceptual framework to operational structures, regulatory framework, marketing strategies, Re-Takaful, audit and governance for takaful products as well as risk management for Takaful institutions.

This training takes a total of 3 months but could be less based on clients’ arrangement. At the end of the training the Institute awards the participant with the Certified Islamic Banking and Finance Professional (CIBFP) Certificate.

CERTIFIED ISLAMIC CAPITAL MARKET PROFESSIONAL (CICMP)

The training is aimed at exposing as well as deepening the knowledge of professionals in the capital market ecosystem to the opportunities available in the Islamic capital market. The course has been carefully designed in stages to allow for both theoretical, practical and also case study approaches to learning. Module one of this course lays the foundation for learners by giving an interesting overview of the Islamic Capital Market, navigating through Shari’ah framework and contracts relating to Islamic Capital Market and finally x-raying Shari’ah Issues relating to the Islamic Capital Market.

Module two takes a deeper dive into the regulatory and governance framework for the Islamic capital market and at the end exposes learners to risk management, accounting and taxation for Islamic capital market. Module three, takes learners through different Shari’ah compliant instruments and products development techniques for the Islamic capital market.

CERTIFIED ISLAMIC FINTECH PROFESSIONAL (CIFP)

Financial Technology (Fintech) is attracting a great deal of attention from consumers, investors, banking and finance professionals, investment industry, asset managers, microfinance professionals and regulators across the globe. Islamic Fintech (combination of Islamic Finance and technology) can create a new economy, new market and new growth in the financial sector. It has enormous potential to reduce poverty through the application of state-of-the-art technology and unique Islamic financial instruments and tools.

With the emergence of disruptive technology taking over brick-and-mortar financial institutions at an unprecedented rate, among the most sought-after and emerging financial technology is Islamic Fintech. This new-age digitalized banking solution has been utilized by a large segment of the Muslim and non-Muslim population in recent years.

Our Certified Islamic Fintech Professional course is segmented into 3 modules. The first module starts by launching learners to the world of Islamic financial system, the proposition of the Islamic financial system. Further into the module, Islamic financial products and principles are discussed before taking a more practical look at the Islamic finance Audit and compliance for Islamic Fintech Institutions. The second Module which is the heart of this course, is divided into Islamic Fintech Product Development and Shari’ah and Governance Regulations for Islamic Fintech.

 

Since Risk mitigation is a core of every financial institution whether Islamic or conventional, the third module is centered around Risk management for Islamic Fintech institutions. This training takes a total of 3 months but could be less based on clients’ arrangement. At the end of the training the Institute awards the participant with the Certified Islamic Fintech Professional (CIFP) Certificate.