Islamic Microfinance is an emerging market in the field of Islamic finance, so there is an immediate need to educate, train and conduct Market Study and Awareness campaigns on this subject. AlHuda CIBE offers a specialized comprehensive certificate program on Islamic Microfinance on distance learning basis. It is highly structured, interactive and innovatively designed program under the supervision of a panel of esteemed Academicians, Shariah Scholars and professionals to ensure high quality material.

The aim of the course is to provide educational facilities and trainings to the people who cannot leave their homes or jobs with an additional opportunity for their educational uplift under Islamic financial system. “Certified Islamic Microfinance Manager” program comprises of two modules, each having two months duration. Strong tutorial support is an integral part of the distance education system. The material provided by the tutorial sessions will help the students to update their knowledge according to the latest terms and concepts globally used in Islamic Microfinance

Admission Requirement:

Giibic operate on open enrolment program. This means, you can apply anytime and be admitted for you to pursue the course of your choice. Application into all program requires a good working knowledge of English language. However it is preferable that those applying for Post Graduate Diploma in Halal or Master Diploma in Islamic Banking and Finance to be a graduate with a bachelor degree from a recognized university, and preferable be at least 18 years old at the time of submitting the application. This is preference and not requirement.  For those who do not have degree, we will consider other equivalent alternatives such as employment history in a corporate sector for at least 3 years.

All applicants should complete the online application form at https://www.giibic.com/apply to be considered for admission.  

Course Duration: The duration is 4 months

Syllabus:  There are 2 modules and 6 courses

Module I – (Introduction to Riba, Islamic Economics & Islamic Micro Finance)

CIMM: 401: Riba & Islamic Economics

• What is Riba (Interest)? Prohibition of Riba in Islam.
• Types of Riba.
  • Riba tul Nissayah
  • Riba tul Fadle
  • Riba in Modern Banking and Insurance.

CIMM: 402: Overview of Islamic Economics & Microfinance System

• Introduction to Islamic Economics System.
• Comparison of Islamic Economic System with Socialism & Capitalism.
• What is Microfinance? How it works? Their Characteristics, sustainability, outreach and Problems pertaining to this system.

CIMM: 403: Islamic Microfinance Finance & its Product Mechanism

• Islamic Micro Finance as effective tool of poverty alleviation. Islamic Micro Financial Products Mechanisms & Compatibility with Conventional Microfinance Products.
• Trade Based Modes of Islamic Microfinance (Murabahah, Salam, Istisna etc.)
• Mechanism of Trade Based Product (Murabahah, Salam & Instisna), how they are ideal of Microfinance Sector.

Module II – (Islamic Microfinance Products & Micro-Takaful)

CIMM: 404: Islamic Microfinance Products

• Partnership based of Islamic Microfinance (Mudarabaha & Musharakah)
• Rental Based Mechanism/Products of Islamic Microfinance (Ijarah & Diminishing Musharakah)
• Application of Partnership & Rental based modes in Islamic Microfinance.

CIMM: 405: Different Models & Deposit Management in Islamic Microfinance

• Definitions, Concept & Uses of Waqf, Qarz-e-Hassan, Cooperatives & Zakat in Islamic Microfinance system.
• Liability (Deposit) Management Techniques for Islamic Microfinance.
• Product Development of Islamic Microfinance Institutions.

CIMM: 406: Micro Takaful (Islamic Micro Insurance)

• What is Micro Takaful? How Micro-Takaful products works with Islamic Microfinance.
• Structure, Operation and Performance of Micro Takaful for Poverty Alleviation.
• Opportunities and Challenges of Islamic Microfinance.

Course Fees: 

The fee $750 or its equivalent in Ghana Cedi at the time of payment

The fee includes registration, study materials, and tutor support.

Method of Payment:-
Payment is made through 

1. Our office as cash
2. Bank transfer (telegraphic transfer or direct deposit into our account at the branch)
3. Through Mobile Money transfer (MTN MoMo or Vodafone Cash)
4. Online payment using credit or debit card
5. PayPal,
6. Perfect Money (USD & EURO)

Payment Process

1. Apply for a course online at https://www.giibic.com/apply
2. Submit application
3. You will be directed to payment site to pay using your convenient payment method

Course Cancellation

Students who change their mind after enrolment, and do not want to continue their studies, should notify giibic 15 days from the date the enrolment registration sent to them. Student have to send an email advising the institute giving reasons on how why he/she want to cancel the enrolment. Any such letter reaching the institute after 15 days of enrolment registration cannot be accepted, and processed

Payment Refund

Refund will be processed fully less administrative charges and bank charges, if request is received with the 15 days of enrolment registration, and student has not access the course material or submit assignment yet. Payment will be sent back through the same channel of payment where fund was received.