CIMA DIPLOMA IN ISLAMIC FINANCE (CDIF) PREPARATORY PROGRAMME

Leading Excellence in Islamic Finance

BIBF plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training solutions in the areas of Accounting and Finance, Academic and Executive development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution.

BIBF covers a wide spectrum of subject matter, with almost 300 different courses offered to the financial and corporate market; tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with major international organisations.

BIBF continues to exceed global benchmarks for many of the qualifications it offers with its affiliates.

Since its inception in 1981, BIBF has grown from training 450 applicants a year primarily within the banking industry, to 20,000 drawing participants from all sectors of the economy, and are proud to have qualified over 200,000 learners in the last 3 decades.

Our faculty comprise of market practitioners, academics and qualified senior industry professionals. Their diverse backgrounds ensure an enriched participant experience, striking the perfect balance between theory and practice.

BIBF has made its mark internationally with clients in Asia, Africa, Europe, USA and the Middle East, well on its way to becoming the global institute of choice.

For further information, please visit www.bibf.com

intr

oThe CIMA Diploma in Islamic Finance (CDIF) - part of CIMA Islamic finance qualifications

The CIMA Diploma in Islamic Finance is the first qualification offered by a professional chartered accounting body that focuses on the fast growing sector of Islamic Finance. It is a part of the CIMA Islamic finance qualifications, which examines individuals on the comprehensive overview of the key areas of Islamic banking and finance. The Diploma can be used as an entry route into the main CIMA qualification, where a student can begin their operational level courses. After passing the CDIF, a continuation to the Advanced Diploma in Islamic Finance (CADIF) is also available should students wish to take that route.

The CDIF preparatory programme

The CIMA Islamic finance qualifications are designed as distance learning programmes where students can practice self-study on the extensive material that is determined as the core book. For students that want to prepare themselves better through in class learning, BIBF provides extensive preparatory classes as detailed in the programme structure in the later sections, for both the CDIF and the CADIF. These programmes are also Tamkeen sponsored.

cour

se

fact

s Target Audience

The qualification will be valuable for:

• Individuals who have a general interest in Islamic finance

• Newcomers to Islamic finance as well as finance professionals seeking accreditation in this field.

• Individuals who want to embark on a career in Islamic finance or wish to develop their knowledge for their current job role in an Islamic financial institution

• Companies who wish to develop their staff on the principles of Islamic finance that may lead to increase staff performancCompanies who wish to develop their staff on the principles of Islamic finance that may lead to increase staff performance

CDIF is designed to give individuals the following advantages:

• The professional recognition of a CIMA international qualification

• Demonstrable expertise in the complex, fast-growing world of Islamic finance

• Give you skills in Shari’ah compliance and the complexities of the contracts that underpin this compliance

• Develop confidence in using the terminology and applying the knowledge that sets Islamic finance apart from conventional finance.

• The possibility to progress onto the CIMA Advanced Diploma in Islamic Finance

The structure of the preparatory programme will have the following advantages:

• Give more self-assurance for the students who will take the CDIF

• Includes additional BIBF material supplementary to the CIMA core material

• Shorter and more intensive time frame of study

• Prepare students through mock exams in order for them to train themselves for the real exam

• Allows unlimited face to face discussion through appointment with subject experts of each module examined in the CDIF

Advantages of the CDIF Qualification

Why take the Preparatory Programme

The CDIF consist of the following modules, which will be concluded through an examination on each subject:

All four modules will have an examinationthat will be taken at CIMA approved assessment centers using a computer based assessment method. The pass mark for each of the examinations that consist of 40-50 multiple-choice questions is 65% and will take a maximum of 1 hour to complete.

The classes of each module will be delivered through lectures, discussions, and case studies.In the last session students will be sitting a 1-hour mock exam that has been designed to be as similar as the actual CDIF exam.

The preparatory programme will consist of in-class meetings of 30 hours for each module, divided into 10 class meetings of 3 hours a day. The classes will be held approximately 3 to 4 times a week; hence 1 module will finish in 3.5 weeks and the total program will finish in less than 3 months time. Class timings will be in the evening from 6PM to 9PM.

This is an open access qualification - no prior qualification or experience in Islamic banking is required. However, work experience would indeed be advantageous. In terms of language requirements you will need to provide evidence of English proficiency, if English isn’t your first language.

See the attached registration form. The faculty of teaching the preparatory programme consist of subject specialists that have vast knowledge and experience in their respective areas of specialization. Ahmad Asad

Structure of the CDIF Qualification

Examinations

Structure of the Preparatory Programme

Entry Criteria of the Preparatory Programme

Cost of the Preparatory Programme Programme Faculty

Sumaya Zainalebedin Administrative Coordinator sumayazain@bibf.com

Alfatih Gessan P. Senior Lecturer / Business Development Manager

alfatihgp@bibf.com

Module 1Islamic Commercial Law

Module 2Islamic Banking and Takaful

Module 3Islamic Capital Markets and Instruments

Module 4Accounting for Islamic Financial Institutions

For more information on schedules, programme details, and Tamkeen sponsorship please contact:

Contact details

If you wish to enquire about the external courses of the

Centre for Islamic Finance please contact:

Sumaya Zainalabedin / Alfatih Gessan P.

Tel: +973 1781 55384 / +973 1781 5539

Email: sumayazain@bibf.com / alfatihgp@bibf.com

Leading Excellence in Islamic Finance