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The Certified Islamic Banker

The certified Islamic Banker aims at improving the capabilities and skills of the staff in the Islamic finance and banking sector. It is available to all those who work in Islamic banks and finance and investment organizations and meets their various professional levels, and seeks to equip its holders with the sound and integrated foundations and bases of the Islamic banking industry. It also provides them with the professional knowledge and expertise and the proper banking applications, and enables them a straightforward and steady start toward an array of career options.

This makes of the certified Islamic Banker a distinctive feature of those who work in the Islamic financial services as it reflects their identities as Certified Islamic Bankers. It also serves as a defining criterion for every Islamic finance organization for the number of its staff holders of this basic certificate, reflects the overall quality of its staff, and informs of the level of their qualifications and professional commitment to Islamic banking.

On the other hand, the Certified Islamic Banker is necessary not only for those working in the Islamic finance industry; it is rather needed by all those dealing with Islamic financial institutions , by university graduates , by all those wishing to pursue a career in Islamic financial institutions and by new entrants.

The Certified Islamic Banker is being issued by the General Council for Islamic Banks and Financial Institutions; an international non-profit professional body that constitutes the official umbrella for all Islamic financial institutions in the world. This certificate is the basic certificate that allows its holders professional recognition, career development, and the future ability to specialize in other advanced banking areas.

Introduction:

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1The Certified Islamic Banker offers the following advantages:

The designation of the Islamic Banker

The foundation of Islamic and banking knowledge

Recognition and move towards the future

Fellowship and connection with

professional specialists

It is the certificate needed by each employee in Islamic banks and financial institutions, and grants them the status of the Certified Islamic Banker.

It is the certificate which represents the basis that provides you with the proper qualification for a deep Islamic and banking understanding of Islamic financial and banking services.

It is this certificate that gives you the professional recognition by the Islamic finance industry, facilitates your career development, and enables you to move towards more specialized career paths.

The Certified Islamic Banker offers you the opportunity to join a professional fellowship and enables you continual communication with competent people within the industry and keeps you well informed of the latest developments in career growth.

CIB Certified Islamic Banker

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Program of the Certificate

1. An introduction to Islamic Finance transactions: reference to Shari’a: Faith, ethics, and Fiqh •Discarding taboos: usury, deceit, and injustice •Object of Financial Transactions: property, •riches, and rights Introduction to contracts: definition and •importance, contracts pillars, types and terms of contracts

2. Islamic banking system: Emergence and development of Islamic banks: •the preliminary stage, the stage of expansion and proliferation, and the stage of organization and supervision of Islamic banks Characteristics of the Islamic banking system: •investment mediation, relation to the real economy, and the rule of profit and loss sharing Characteristics of return in banking: profit, pay, •and fees

Contracting will: fictive transactions, and •defective contracts Current accounts: definition, characteristics, •benefits and wages and benefits, and miscellaneous operations on current accounts Investment accounts: definition, properties, •management controls on funds in investment accounts, how to distribute profits in the accounts of joint investment

The Certified Islamic Banker

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1Murabaha financing: the general framework of Murabaha, •procedures and controls at each stage of the promise, and acquisition, and Murabaha sale contract Salam financing: definition and importance, conditions in Salam •contract, provisions in Salam contract, banking applications in Salam contractIstisna Financing: definition and importance, applications of Istisna •in Islamic banks, legal provisions for Istisna ContractIjarah financing: the general framework of Ijarah contract, types of •Ijarah, provisions of the fare, provisions of benefit, applications of hire-purchase and Ijarah described in the disclosure

3 . Islamic finance Operations:

the modalities of participation in the profit and loss: •definition of participation contracts, provisions of corporate funds in Islamic jurisprudence, types of businesses and properties in Contemporary Transactions Provisions of investment in the financial markets: •money market instruments, capital market instruments, contemporary applications to deal in shares and Shari’a controls Profit-sharing formulas: Mudarabah Contracts and •contemporary applications, agricultural contracts, such as Muzaraah and Mugharasah and their banking applications

4. Islamic investment operations:

CIB Certified Islamic Banker

Bank transfer: definition and importance, •parties and types of bank transfers and steps of implementation, Shari’a view of bank transfers Documentary credits: definition and importance, •parties and contractual relations, required documents, types of documentary credits and Shari’a view, applications of Islamic banking services for the documentary Credits, and the difference between allocations for Wakalah, profit-sharing and participation, speculation and other Letters of Guarantee: definition and importance, •Kafalah and guarantee letters of credit, types of letters of guarantee and benefits, procedures for implementing the letters of guarantee, characteristics and Shari’a controls Credit cards: characteristics and importance, •main types of credit cards, mechanisms and technical aspects of credit cards, Shari’a view.

5. Islamic Banking Services: