Description
Diploma in Islamic Banking and Finance
A Level 5 qualification on the UK National Qualifications Framework (England, Wales, and Northern Ireland).
The Diploma in Islamic Banking introduces a values-driven alternative to conventional banking, demonstrating how interest-free finance is structured around profit-sharing, risk-sharing, fairness, and transparency.
Through clear explanations, applied examples, and practical case studies, the program explores how Islamic financial transactions are designed to promote accountability and economic justice. It is suitable for both students and working professionals, offering a solid foundation in the principles and practices of interest-free banking.
Diploma holders who wish to progress to the IIBI Postgraduate Diploma in Islamic Banking may be eligible for exemptions from Modules 1 and 2, subject to institutional requirements. Please contact IIBI for further details.
Registration and Enrollment
- Have two “A” Level passes plus four GCSE passes at Grade A, B or C. We will also consider other equivalent alternatives.
- Be at least 18 years old at the time of submitting the application.
- Have a good working knowledge of English.
- Provide the names of two referees who may be approached for verification.
- If you do not have any “A” level passes but have been in employment for at least three years in the banking or a related sector, please complete the online application form so we are able to make a decision on whether it is appropriate to enrol you onto the course.
The IIBI operates on a rolling admissions basis for all its courses by distance learning. This means that we will continue to register applicants for a course all year round.
Course Fee
Full Course Fee: £720
2026 Offer Price: £375
Why this offer?
To widen access to high-quality Islamic finance education and support students and professionals seeking recognized qualifications in a rapidly growing global sector.
Payment of Course Fee
You can make payment online by Paypal with your Debit or Credit Card.
You can also make payment by bank transfer; we will advise you details in our letter confirming your registration.
The Diploma in Islamic Banking (DIB) is benchmarked at Level 5 on the National Qualifications Framework (NQF) of England, Wales, and Northern Ireland (UK).
The Diploma comprises five modules and twenty-three lessons, each concluding with assessment questions. The final lesson introduces the concept of insurance in Islam, highlighting its role in supporting lending operations and as an additional source of Shari’ah-compliant, interest-free income for Islamic banks.
Each lesson includes an assessment consisting of Multiple Choice Questions (MCQs) designed to evaluate students’ understanding of key concepts and their practical application. This modern assessment method replaces traditional long-form essays, providing a broader and more efficient evaluation of knowledge across each topic.
Examination and Grading
Instead, each lesson concludes with an online Multiple Choice Question (MCQ) assessment. This modern assessment method allows students’ knowledge to be tested across a wide range of topics without the need for lengthy essay assignments.
MCQ examinations are automatically graded, ensuring fairness, consistency, and prompt results.
Students must successfully complete all lesson assessments before the qualification can be awarded. Where necessary, and at the discretion of the Institute, a second attempt may be permitted.
Grading
Grades recognise different levels of achievement:
- A – Distinction (Excellent performance)
- B – Pass
- C – Fail
The minimum pass mark is 60%.
Upon successful completion, the Institute will issue the certificate for the relevant qualification.
Completion of Course
If you find yourself unable to complete the course within the allotted period of nine months, then you may request for an extension in order to complete the course. Your request with reasons should be submitted within the nine months, to info@giibic.com for the attention of ‘Course Coordinator.
The following course extension period will be considered, and the following administration charges will generally apply:
Period Amount
3 Months £135
6 Months £225
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: iibi@islamic-banking.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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