Level 7 Islamic Financial Management Diploma

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Level 7 Islamic Financial Management Diploma

Islamic Financial Management

is a specialized field that focuses on the principles and practices of Islamic finance. This diploma is designed for practitioners and students who want to gain a deeper understanding of Islamic financial management.

The diploma covers key topics such as Islamic banking, investment, and asset management, as well as risk management and ethical considerations.

It is ideal for those who work in the financial sector and want to develop their knowledge of Islamic finance, or for those who are interested in pursuing a career in this field.

By completing this diploma, learners will gain a comprehensive understanding of Islamic financial management and be able to apply this knowledge in a practical setting.

So why not explore Islamic Financial Management further? Discover how this specialized field can help you build a successful and sustainable career.

Islamic Financial Management Diploma Level 7: Unlock the Secrets of Shariah-Compliant Finance Embark on a journey to master the art of Islamic financial management with our Level 7 Diploma. This comprehensive course delves into the intricacies of Shariah-compliant finance, providing you with a deep understanding of the principles and practices that govern this field. With Islamic financial management, you'll gain access to a wide range of career opportunities in the finance industry, including roles in banking, investments, and asset management. Our unique features include expert guest lectures and a focus on practical application, ensuring you're equipped with the skills to succeed in this rapidly growing field.



Benefits of studying Level 7 Islamic Financial Management Diploma

Level 7 Islamic Financial Management Diploma holds immense significance in today's market, particularly in the UK. The demand for professionals with expertise in Islamic finance is on the rise, driven by the growing number of Shariah-compliant financial institutions and the increasing awareness of Islamic values in the global economy. According to a report by the Islamic Finance Council, the UK's Islamic finance industry is expected to reach £1.4 trillion by 2025, with a growth rate of 10% per annum. This growth is driven by the increasing demand for Shariah-compliant financial products and services.

Year Islamic Finance Industry Size (£trillion)
2020 430
2021 480
2022 530
2023 580
2024 630
2025 680
The Level 7 Islamic Financial Management Diploma is designed to equip learners with the necessary knowledge and skills to navigate the complexities of Islamic finance. With the growing demand for Shariah-compliant financial products and services, this diploma is an essential qualification for professionals looking to advance their careers in the industry.

Career path

Learn keyfacts about Level 7 Islamic Financial Management Diploma

The Level 7 Islamic Financial Management Diploma is a comprehensive program designed to equip students with the knowledge and skills required to manage Islamic financial institutions and organizations effectively.

Learning outcomes of this diploma include understanding Islamic finance principles, risk management, financial planning, and investment analysis, as well as the ability to apply these concepts in real-world scenarios.

The duration of this diploma program is typically 12-18 months, depending on the institution and the student's prior experience and qualifications.

Industry relevance is a key aspect of this diploma, as it prepares students to work in Islamic financial institutions, such as banks, investment companies, and insurance firms, as well as in related fields like Shariah compliance and Islamic accounting.

Graduates of this diploma program can expect to pursue careers in Islamic finance, including roles such as financial analyst, risk manager, and Shariah compliance officer, and can also pursue advanced degrees in Islamic finance or related fields.

The Level 7 Islamic Financial Management Diploma is recognized by various professional bodies, including the Chartered Institute of Islamic Finance and Management (CIIFM) and the Islamic Finance Standards (IFS), and is considered a benchmark for Islamic finance education.

Overall, the Level 7 Islamic Financial Management Diploma is a valuable credential for individuals seeking to launch or advance their careers in Islamic finance, and is considered a key component of the Islamic finance industry's ongoing efforts to develop a more skilled and knowledgeable workforce.

Who is Level 7 Islamic Financial Management Diploma for?

Ideal Audience for Level 7 Islamic Financial Management Diploma
Prospective learners with a passion for Islamic finance and a desire to enhance their knowledge and skills in this field are the ideal candidates for this diploma. In the UK, the demand for Islamic finance professionals is on the rise, with a projected growth rate of 10% by 2025, according to a report by the Islamic Finance Council UK. The diploma is designed for individuals working in or aspiring to work in the Islamic finance sector, including financial advisors, accountants, and business owners. Those with a background in finance, accounting, or business administration may also benefit from this qualification. The diploma is particularly relevant for those seeking to work in the UK's growing Islamic finance industry, which is expected to reach £1.4 trillion by 2025, as reported by the Islamic Finance Council UK.
Key Characteristics:
  • Professionals working in or aspiring to work in the Islamic finance sector
  • Individuals with a background in finance, accounting, or business administration
  • Those seeking to enhance their knowledge and skills in Islamic finance
  • Financial advisors, accountants, and business owners

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Course content


Islamic Financial Planning: This unit covers the fundamental principles of Islamic financial planning, including risk management, investment strategies, and portfolio diversification. It is essential for students to understand how to create a comprehensive financial plan that aligns with Islamic values and principles. •
Shariah Compliance in Financial Management: This unit delves into the application of Shariah principles in financial management, including the prohibition of Riba (interest) and the importance of Mudarabah (profit-sharing) arrangements. Students will learn how to identify and mitigate Shariah non-compliance in financial products and services. •
Islamic Capital Markets: This unit explores the development and operation of Islamic capital markets, including Sukuk (Islamic bonds) and Mudarabah-based investment funds. Students will learn about the characteristics and benefits of these instruments and how to evaluate their suitability for investors. •
Islamic Asset Management: This unit focuses on the principles and practices of Islamic asset management, including the use of Shariah-compliant investment strategies and the management of Islamic portfolios. Students will learn how to create and manage Islamic investment funds and how to evaluate their performance. •
Islamic Banking and Finance: This unit covers the fundamental principles and practices of Islamic banking and finance, including the provision of Islamic banking services and the management of Islamic banking risks. Students will learn about the different types of Islamic banking products and services and how to evaluate their suitability for customers. •
Risk Management in Islamic Finance: This unit explores the principles and practices of risk management in Islamic finance, including the identification and mitigation of Shariah non-compliance risks. Students will learn how to evaluate and manage risks in Islamic financial institutions and how to create effective risk management strategies. •
Islamic Insurance and Takaful: This unit covers the principles and practices of Islamic insurance and takaful, including the provision of Shariah-compliant insurance products and the management of takaful risks. Students will learn about the different types of Islamic insurance products and services and how to evaluate their suitability for customers. •
Islamic Financial Reporting and Accounting: This unit focuses on the principles and practices of Islamic financial reporting and accounting, including the preparation of Shariah-compliant financial statements and the disclosure of Islamic financial information. Students will learn how to prepare and analyze Islamic financial statements and how to evaluate the financial performance of Islamic financial institutions. •
Islamic Financial Technology: This unit explores the principles and practices of Islamic financial technology, including the use of Shariah-compliant software and the development of Islamic financial applications. Students will learn about the different types of Islamic financial technology and how to evaluate their suitability for use in Islamic financial institutions. •
Islamic Financial Governance and Ethics: This unit covers the principles and practices of Islamic financial governance and ethics, including the importance of Shariah compliance and the management of Islamic financial risks. Students will learn about the different types of Islamic financial governance structures and how to evaluate their suitability for use in Islamic financial institutions.

Assessments

The assessment process primarily relies on the submission of assignments, and it does not involve any written examinations or direct observations.

Entry requirements


Fee and payment plans


Duration


Course fee

The fee for the programme is as follows:

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- * This programme does not have any additional costs.
* The fee is payable in monthly, quarterly, half yearly instalments.
** You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

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Accreditation

Discover further details about the Level 7 Islamic Financial Management Diploma

Why choose LSPM ?

  • ✓ Experience online study like never before with our purpose built smart learning tools which gives you advantage of studying anytime and anywhere.
  • ✓ Flexible fee payment plans: Pay fee in affordable monthly, quarterly or yearly instalments plans.
  • ✓ Fast track mode - get your qualification in just 6 months!
  • ✓ Dedicated Tutor Support via live chat and email.

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