Certified Islamic Finance Executive™ (CIFE™)

Islamic Finance Certification Officially Recognized by AAOIFI

Ethica's award-winning CIFE™ is an accelerated training and certification program designed to take complete newcomers to an advanced level of understanding in Islamic finance 100% online. Conveniently self-paced, you complete it in 3 weeks or 4 months. We give you 8 months of easy access.

The program fee is $1,100 (or $137/month), paid online (Visa, Mastercard), PayPal or by wire transfer. When you sign up you get:

  • 8 months access to award-winning CIFE™ self-study videos (Online)
  • CIFE™ Study Notes
  • CIFE™ examination (Online; One attempt included)
  • CIFE™ Certificate (Framed and couriered to your doorstep)
  • Official CIFE™ Transcript (Downloadable PDF)
  • Use CIFE™ as a designatory title after your name on resumes and LinkedIn
  • Access alumni network spanning +160 financial institutions in 65 countries
  • Search +2,000 "Ethica" hits on LinkedIn

Does the CIFE™ have any prerequisites?

There are no prerequisites for Ethica's CIFE™ and if you have no prior knowledge of finance, you've come to the right place. We designed the material specifically for newcomers seeking a high level of proficiency in the practical aspects of Islamic finance in a very short amount of time.

When can I start and when will I finish?

There are no fixed dates for the program. Start whenever you like. Once you understand the core modules listed below that comprise of testable material, you are ready to take the 90-minute online CIFE™ examination. You can take the exam as soon as you are ready; for some that's 3 months, for others it's less than 1 month: you choose your pace. The recommended study schedule shows you how to comfortably finish the program in the allotted 8 month period with an investment of as little as 1 hour per week.

If I have any questions about the study material, who do I ask?

Ethica's team of experts are here for you. We hold your hand every step of the way from the day you enroll, through your entire CIFE™, and beyond certification as you develop your career. Email us at [email protected] We are passionately dedicated to serving you. And there is always Ethica's Q&A database - the largest collection of scholar-approved Islamic finance Q&As available online.

When do I receive my study package?

The CIFE™ study package you receive immediately upon enrollment consists of two parts: 1) the mandatory part comprises the online training videos and the certification exam; and 2) the optional part contains over 400 pages of premium Islamic finance material including CIFE™ Study Notes, sample Islamic finance contracts, informative articles, recommended reading lists for Islamic finance practitioners and entrepreneurs, a glossary of commonly used industry terminology, and over 1,000 scholar-approved Q&As.

What does the CIFE™ curriculum include?

The CIFE™ comprises 22 core modules. One module consists of an approximately 20 minute training video which includes a variety of exercises, case studies, and quizzes, along with which you do your self-study. Experience with hundreds of other learners shows that the CIFE™ program is comfortably manageable in about 1 to 3 months of training and about 1 month or less of studying for the examination, enabling most users to complete the program in less than the 8 month study period. Explore the full CIFE™ curriculum here.

How does the CIFE™ exam work?

The CIFE™ examination is a 90 minute exam of 100 multiple choice questions. The pass mark is 70%. You can take the CIFE™ examination from your home, office or university. We also provide organizations the ability to conduct closed-door exams at their respective locations.

What happens if I fail?

If you do not pass the first time, you pay $195 for the re-attempt.

How is Ethica's CIFE™ program the 'fastest way to learn Islamic finance guaranteed'?

Just as 20% of your clothes get worn 80% of the time and 20% of your effort yields 80% of the results, the 80-20 principle teaches us that there is an essential core at the heart of everything. We give you the 80-20 of the Islamic finance world. When you sign up for Ethica's CIFE™ you get only the most essential, practical Islamic finance knowledge distilled into an accelerated program. Dynamic and up-to-date material 24 hours a day, rather than waiting around for outdated guidebooks, CDs, and distance learning emails. Our training and certification is designed for maximum knowledge transfer without burdening you with more information than you require. All the information, including spreadsheets, case studies, questions, exercises, and quizzes is contained in the training videos.

You Need to Ask Yourself 7 Questions Before You Choose Your Islamic Finance Certificate

  1. Is the certificate recognized? Ethica's CIFE™ is accredited by leading Islamic finance scholars and bankers. Ethica's clients include several banking giants with some institutions training over 1,000 bankers across 100+ branches. Ethica has won the following awards:

    Best Research and Education Company

    Best Research and
    Education Company
    Dubai, UAE

    Best Islamic Finance Training Institution, Finance Education Provider, Online Islamic Finance Program MENA

    Best Islamic Finance Training Institution MENA
    Best Islamic Finance Education Provider MENA
    Best Online Islamic Finance Program MENA
    London, UK

    Best Online Islamic Finance Program

    Best Online Islamic
    Finance Program
    London, UK

    Best Islamic Finance Qualification

    Best Islamic Finance
    London, UK

    Education Leadership Award

    Education Leadership Award
    Dubai, UAE

    Islamic Finance Education Provider of the Year

    Islamic Finance Education
    Provider of the Year
    London, UK

    Best Global Online Islamic

    Best Global Online Islamic
    Finance Education Provider
    London, UK

    Islamic Finance Education Provider of the Year – Gold Award

    Islamic Finance Education Provider of the Year – Gold Award
    Islamic Finance Forum of South Asia,
    Sri Lanka

    • "Best Research and Education Company" presented by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai at the Global Islamic Economy Summit (Dubai)
    • "Best Islamic Finance Training Institution MENA," "Best Islamic Finance Education Provider MENA" and "Best Online Islamic Finance Program MENA" from Global Banking and Finance Review (UK)
    • "Best Online Islamic Finance Education Provider - Global" from Capital Finance International Awards (UK)
    • "Best Islamic Finance Qualification" from Global Islamic Finance Awards (UK)
    • "Islamic Finance Education Provider of the Year" from Global Banking and Finance Awards (UK)
    • "Best Islamic Online Finance Program" from International Finance Magazine Awards (UK)
    • "Education Leadership Award" at the Asian Leadership Awards
    • "Best Islamic Finance Training Institution" award nomination 4 years running from Islamic Business and Finance magazine (Dubai)
    • "Business Innovation of the Year," "Online Business of the Year," and "Customer Focus of the Year" finalists at the Gulf Capital SMEInfo Awards (Dubai)

  2. Is the certificate standardized? Ethica's CIFE™ is third-party certified to conform to AAOIFI, the industry's most widely-accepted standard. Following AAOIFI leads to greater transparency, governance, an convergence. Read Ethica's article, "Fiqh or Fiction," on the need for standardized, AAOIFI-compliant training below.

  3. Is the certificate up-to-date? Workbooks, CDs, and distance-learning courses grow old fast. Can you really be sure that your 3-year old workbook or last year's CD is up-to-date? With Ethica's CIFE™, when Islamic finance innovates, our online content innovates right there with it. So you can be sure that you're never left behind.

  4. Is the certificate prepared by professors or bankers? Ethica's CIFE™ is rigorously prepared by a team of bankers and scholars, not professors. Ethica delivers practical, usable knowledge that replicates what Islamic bankers need to know on the job.

  5. What happens after certification? When your resume reads 'Ethica CIFE Graduate,' recruiters know that you bring more Islamic finance know-how to the job than most around. Simply search Ethica or CIFE on LinkedIN to see the diversity of Ethica's CIFE graduates and the organizations they work for.

  6. Can we afford your certificate? Our individual, group and corporate rates are designed to rapidly and cost-effectively train and certify users in less than 8 months at competitive rates.

  7. Where is the institute based? We are based in the United States, which has one of the world's best e-learning delivery technology, and have a team of bankers and scholars spread across the globe, with real world Islamic finance experience.

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