Tuesday, July 24, 2012

Taking Islamic Finance Education to the Masses




Dubai, United Arab Emirates – July 23, 2012



Once the reserve of expensive training events, Islamic finance education is now about to become accessible to the common man.



Ethica announced today that it is making the study notes for its award-winning Certified Islamic Finance Executive (CIFE) program freely available to the public as an e-book. Voted “Best Islamic Finance Qualification” at the Global Islamic Finance Awards, Ethica is the only globally-recognized certification institute in the world to fully comply with AAOIFI’s Shariah standards. AAOIFI is the Accounting and Auditing Organization for Islamic Financial Institutions and the de facto standard in 90% of the world’s Islamic finance jurisdictions.



The CIFE Study Notes e-book covers major Islamic finance topics including Sukuk, Risk Management, Liquidity Management, Takaful, Musharakah, Mudarabah, Murabaha, Ijarah, Salam, and Istisna. The end of the e-book includes an expansive glossary covering commonly used industry terminology. Ethica’s spokesperson said, “The CIFE Study Notes are designed as an accompaniment to the online training modules and provide Ethica students with a handy reference manual, but anyone can benefit from the examples and concepts explained in the e-book.” The CIFE Study Notes can be downloaded here.



Islamic finance currently suffers an acute shortage of trained and certified professionals. And despite the global financial crisis, Islamic finance continues to spread across the globe. The Dubai-based institute’s clients include large banks like Mashreq Bank which trains 1,000 employees using Ethica, universities like La Trobe, and Dow Jones affiliate Zawya, which offers Ethica to its 750,000 users.

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