The Post Graduate Diploma aims at building a comprehensive understanding of Islamic economics principles and contracts. It also provides a detailed working knowledge of Islamic banking and insurance (takaful) operations helping to understand from the beginning how the broad principles of Islamic finance differ from conventional banking and insurance. The course assumes no previous knowledge of banking or insurance and does not require the student to have completed any of the other IIBI's courses. Neither does it assume any previous knowledge of Islam. However, the formal entry requirement is that the applicants must be a graduate. The emphasis in the course is on building as strong foundation in Islamic banking and insurance subjects, with progression to the highest level, in a simple manner as for as possible.

The course is a distance-learning course structured around six core modules and a total of 33 lessons, offering the opportunity to study at home and at your own pace and respond to questions which are given at the end of each lesson. Each module builds up on the knowledge of the previous one. The course covers the theoretical aspects of Islamic finance in-depth and also deals with the practical applications of the concepts in the real world of finance. The questions at the end of each lesson are designed to test the understanding of the fundamental principles of Islamic finance and comprehension of real-world applications which have been explored within the lessons.

The e-learning materials have been developed to fully support your studies. You will find that your study materials will list additional resources that you may wish to access; in particular there will be references to useful books and websites.

The course materials have been written in an informative and interactive style, with self-assessment questions throughout. We provide materials that have been developed by the Institute that have been reviewed and edited by professional individuals specialising in the subject.

At the end of the course you will be able to:

 

 

The course is open for all individuals across the world. The minimum criterion for doing any course is good knowledge of English. The post-graduate level will be valuable for those already holding a professional qualification (including a qualification in accounting, finance, or related professions) who is employed in banks or other firms in the financial sector. The Post Graduate Diploma is also suitable for graduates of any discipline with no previous knowledge of finance and who, for professional or personal reasons; wish to secure a stand-alone qualification in Islamic banking and insurance. It is also ideal for those who wish to undertake post-graduate work and whose first degree is in an unrelated field.  

 

 

Informing the Institute of the earlier recognition of PGD qualification for entry to the University's Research MA as well as their modules on Islamic economics and Shari'ah-compliant finance, Professor Rodney Wilson, Director of Postgraduate Studies, School of Government and International Affairs, Durham University, commended the Institute's post-graduate diploma course and described it as "well prepared, clearly setup and invaluable to students"