Syllabus for

Advanced Diploma in
Islamic Banking and
FinTech

International Institute of Islamic Economics and

Finance (IIISEF)

Geneva School of Business and Economics

January 2021
 Background

Advanced Diploma in Islamic Banking is a 3 - 6 months program that combines both

theory and practical aspect of Islamic Banking industry. In the last module, a
capstone project is compulsory. The syllabus has been designed based on Accounting
and Auditing Organization for Islamic Financial Institutions (AAOIFI) Bahrain
Accounting, Auditing and Sharia standards. The course has been prepared by three
expert panel who are AAOIFI certified Sharia advisor.

Admission Eligibility

To be admitted to the program in Islamic banking, students must have a basic

knowledge of English language .

Duration of the course

The duration of the course will be 3 – 6 months (Students have flexibility of studying
the program at their own pace and can complete within 24 months)

Medium of Instruction

Medium of Instruction will be English.

Mode of study: Distance learning. Students will be provided access to our learning
management system to access E-learning materials. The students need to complete
the assessments given at the end of each module.

Course Instructor : Dr Faleel Jamaldeen

You can contact your instructor via email [email protected] or

[email protected]

You need to submit all the required assignments and capstone project to the
instructor directly at the end of the course for review and grading.

Dr Faleel Jamaldeen DBA (USA), MBA (IF/UK), PG DIP IF (UK)BBA(COL), CSAA (BAH).
Dr Faleel Jamaldeen is Certified Sharia advisor (Certified by AAOIFI) and Islamic
finance expert. He has more than 15 years of experience in teaching theoretical and
applied Islamic finance. He is the author of one of the best selling book in Islamic
Finance (Islamic Finance for Dummies) which is the highest ranked Islamic finance
book in Amazon.com). He has developed curriculum for many popular business
schools in Europe and Universities in Saudi Arabia.
Course Credit
Number
ADIB110 Introduction to Islamic finance 3
ADIB120 Introduction to Islamic commercial and finance law 3
ADIB210 Islamic Financial Instruments and Products 3
ADIB220 Islamic Banking (Products and Operations) 3
ADIB230 Islamic Capital Market and Islamic Bonds 3
ADIB240 Islamic Trade Financing 2
ADIB250 Documents & Contracts used in Islamic banking 1
ADIB310 Corporate Governance for Islamic Banks 3
ADIB320 Financial reporting for Islamic banks 3
ADIB330 Risk Management for Islamic FI 3
ADIB340 FinTech in Islamic banking industry 3
ADIB400 Capstone project 3
Total Credit 33

Grading policy

Letter grade Criteria Position

A+ 80 or above Excellent
A 70 or above Very good
B+ 60 or above Good
B 55 or above Average
C+ 50 or above Pass
C 40 or above Marginal Pass
F Below 40 Fail
Modules

ADIB 110 Introduction to Islamic Finance

Learning objectives

 Describe the conceptual basis of the modern practice of Islamic banking and
finance.

 Explain the historical development of and conceptual arguments for Islamic

banking and finance.

 Understand the components and operating structures of the Islamic banking

and finance industry as well as the process of development of Islamic finance
products.

 Describe the current size and worldwide spread of Islamic banking and
finance.

Assessments: MCQ, True and short answers

ADIB 210 Islamic Commercial and Financial Law

Learning objective

 Understand the underlying philosophy of business transactions in Islam.

 Explain the meaning of contracts, and the legal concepts and theories of the
various types of contracts in Islamic law.

 Describe the classification of contracts, what constitutes a contract of sale,

and the legal capacity to enter into such contract in Islamic law.

 Analyze the main forbidden contracts in Islamic commercial transactions.

Assessments: MCQ, True and short answers

ADIB 220 Islamic Financial Instruments and Banking Products (3 Credits)

Learning objectives

 Describe the sources and uses of funds and the operation of bank accounts
by Islamic banks.

 Understand how exchange-based contracts are utilized as financial

instruments in Islamic finance.
  Understand how service-based contracts are utilized as financial instruments
in Islamic finance.

 Understand how partnership contracts are utilized as financial instruments in

Islamic finance.

 Know the nature of supporting contracts in Islamic finance, including the

unilateral supporting contracts.

Assessments: MCQ, True and short answers

ADIB 120 Islamic banking - Products and operations (3 Credits)

Learning objectives

 Differentiate conventional bank and Islamic banks

 Describe the functions of Islamic banks

 Identify the sources and uses funds in Islamic banks

Assessments: MCQ, True and short answers

ADIB 230 Islamic Capital Market and Islamic Bonds (Sukuk)

Learning objectives

 Describe the Islamic capital market and its functions

 Differentiate between Islamic and conventional capital market

 Identify functions used in Islamic Capital market

 Understand how does Sukuk differ from conventional bonds

Assessments: MCQ, True and short answers

ADIB 240 Islamic Trade Financing by Islamic Banks

Learning objectives

 Describe the innovative Sharia-compliant trade financing instruments

 Differentiate Islamic trade financing with conventional trade financing

 Explain the importance of Islamic financing for the development of

commerce.

Assessments: MCQ, True and short answers

ADIB 250 Documents & Contracts used in Islamic banking

Learning objectives

 Understand how the basic Islamic contracts are developed and issued.

 Explain the documentation process in Islamic banks

Assessments: MCQ, True and short answers

ADIF310 Corporate Governance for Islamic financial institutions

Learning objectives

 Describe the meaning of corporate governance within the Sharī‘ah

framework as practiced in modern Islamic financial institutions.

 Explain the models and key principles of corporate governance, including

Sharī‘ah governance.

 Understand the mechanisms of corporate governance and control, including

the different organs in Islamic financial institutions.

 Understand the different models of corporate governance and Sharī‘ah

governance, and the different approaches adopted by Islamic financial
institutions.

 Understand the dynamics of corporate governance in Islamic insurance

entities.

Assessments: MCQ, True and short answers

ADIF 320 Islamic Accounting and Financial reporting for Islamic financial
institutions

Learning objectives

 Understand the definition of accounting from both conventional and Islamic

perspectives, respectively, and its significance in financial decision-making.

 Explain the relevance of International Financial Reporting Standards (IFRS) in

international accounting regulation.

 Understand the basic principles of accounting.

 Understand the basic principles of Islamic accounting.

 Differentiate between the accrual and cash flow accounting methods.

 Draft the main financial statements for Islamic finance products.

Assessments: MCQ, True and short answers

ADIF 330 Risk Management in Islamic Financial Institutions

Learning objectives

 Understand the concept of risk management from the Islamic perspective,

with particular reference to Islamic commercial transactions.

 Be familiar with the types and characteristics of risk exposure and the Islamic
banking risks under the IFSB’s guiding principles.

 Examine the risk management techniques in Islamic banks and how such risks
can be avoided, absorbed, or transferred.

 Understand risk management techniques such as hedging through the use of

the following derivatives: forwards, futures, and swaps, based on Sharī‘ah -
compliant risk mitigation frameworks.

Assessments: MCQ, True and short answers

IF 400 Capstone project

A small 2000 word project and the information will be provided to the students once
the all the other modules are completed.