CIMA trailblazing here; it’s the first professional chartered accountancy body to create such a qualification. The offering has been developed in conjunction with the International Institute of Islamic Finance. CIMA director of education Robert Jelly says there is considerable demand from the global business community to develop the Islamic finance knowledge and skills. “The CIMA Islamic finance qualification is the first to be created in conjunction with an advisory group made up of academics, practitioners and scholars of Shari’ah, and will assist employers in the City of London and other major financial centres throughout the world in equipping their employees to develop financial products.” The qualification is available at certificate level and comprises four modules: Islamic commercial law; Islamic banking and takaful (insurance); Islamic capital markets and instruments; and accounting for Islamic financial institutions. It is estimated that a student can complete these modules in between 2 – 6 months depending upon prior experience. Picture source
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