Description
This Certificate in Islamic Banking is equivalent to Level 3 on the National Qualifications Framework of England, Wales, and Northern Ireland in the United Kingdom.
This certificate introduces the fundamentals of Islamic banking, grounded in economic principles that emphasis fairness, justice, and moral responsibility in financial dealings. Learners gain an understanding of how banking can operate without interest, using trade-based contracts and profit-and-risk-sharing structures.
The program me offers insight into a principled alternative to conventional banking, one that has gained increasing international attention. Commentators and institutions beyond the Islamic banking sector have noted that its ethical foundations can help modern banks strengthen customer relationships and refocus on the core values that should guide financial services
Registration and Enrollment
- Have “O” Level passes
- Be at least 18 years old at the time of submitting the application.
- Have a good understanding of English.
- Provide the names of two referees who may be approached for verification.
The IIBI operates on a rolling admissions basis for all our courses by distance learning. This means that we will continue to register applicants for a course all year around.
Course Structure
The Certificate in Islamic Banking is equivalent to Level 3 on the National Qualifications Framework of England, Wales, and Northern Ireland in the United Kingdom.
The course has 10 lessons and Multiple-Choice Questions (MCQs) questions examination after the last lesson (Lesson 10). The questions are designed to test a basic understanding of the Islamic principles and other prohibitions like speculation, gambling and moral standards that apply to interest-free Islamic banking products, services and investments.
Lesson 1: What is a Bank, What Banks do, How they are Regulated
Lesson 2: The Islamic Bank
Lesson 3: Shari’ah, Islamic Commercial Law and Contract
Lesson 4: Common Contracts in Islamic Banking
Lesson 5: Mobilisation of Deposits
Lesson 6: Loans and Financing
Lesson 7: Fee Based Services
Lesson 8: Islamic Financial Markets
Lesson 9: Corporate Governance, Central Bank Regulation, Shari’ah Supervision
Lesson 10: Takaful (Islamic Banks for Islamic Insurance) for Islamic Banks
Examination and Grading
The examination is automatically graded, providing immediate results and confirming whether the required pass mark has been achieved.
If the required mark is not achieved on the first attempt, a second attempt may be permitted.
Grading
Results are awarded on a Pass or Fail basis.
- Pass
- Fail
The minimum pass mark is 50%.
Upon successful completion, a digital Certificate in Islamic Banking or Certificate in Takaful (Islamic Insurance) will be issued, which can be downloaded and printed at any time.
Completion of Course
If you fail to pass the Multiple Choice Question (MCQ) Examination in first attempt, you will have the option for a second attempt with the payment of a charge. If you fail for the second time, then you will require to register again.
Mode of Study & Tutor Support
Mode of Study
All courses are delivered through flexible distance learning. Students can study at home, during breaks at work, or at any convenient time, progressing at their own pace.
Each course must be completed within the specified study period from the date of registration. Upon confirmation of registration, students receive access to the course lessons through the IIBI Virtual Learning Environment (VLE).
Studying by distance learning while managing professional or personal commitments requires self-motivation, discipline, and commitment, but also offers the flexibility to balance study with other responsibilities.
Tutor Support
As course assessments are conducted through Multiple Choice Question (MCQ) examinations that are automatically graded, no tutor marking of assignments is required.
However, students may contact the Courses Coordinator at the Institute for guidance or general support during their studies if needed. Email: info@giibic.com
Cancellation & Refund Policy
Cancellation by the Student
If a student decides not to proceed with a course, written notification must be sent within 14 days of the confirmation email containing the registration number.
The email subject line should read:
“Cancellation of Registration – [Registration Number]”
Students are requested to briefly state the reason for cancellation.
All cancellation requests must be sent by email only to: info@giibic.com
Refund
The course fee paid will be refunded, minus an administration fee and any applicable bank charges, provided that:
- The cancellation request is received within the 14-day period, and
- The student has not accessed course lessons or attempted any MCQ examinations.
Refunds will be made using the original method of payment (for example, credit card or bank transfer).
No refunds will be issued if the student has accessed course materials, started the course, or attempted any assessments.
The Institute cannot accept responsibility for changes in personal or work circumstances during the 14-day cancellation period.
Course Transfers
Requests to transfer to another course may be considered as a gesture of goodwill, provided that:
- The request is made in writing by email,
- It is submitted within 30 days of registration, and
- Clear reasons are provided for the request.
All transfer requests are subject to review and approval.
Cancellation by IIBI
The Institute reserves the right to cancel or withdraw a course if necessary. In such cases, students will be offered:
- Refund of the course fees paid (less any bank charges), or
- Transfer to another course, with any difference in fees adjusted accordingly.
This refund or transfer will constitute the full extent of the Institute’s liability
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