OTHM Diploma in Islamic Finance and Banking

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OTHM Diploma in Islamic Finance and Banking

The Islamic Finance industry is rapidly growing, and professionals are in high demand. The OTHM Diploma in Islamic Finance and Banking is designed for individuals seeking to enter or advance in this field.

With a focus on Shariah-compliant practices, this diploma covers the principles and applications of Islamic finance, including financial markets, instruments, and institutions.

It is ideal for banking and finance professionals, as well as those interested in pursuing a career in Islamic finance, such as accountants, lawyers, and business analysts.

By completing this diploma, learners will gain a comprehensive understanding of Islamic finance and banking, enabling them to make informed decisions in the industry.

Don't miss this opportunity to launch or enhance your career in Islamic finance. Explore the OTHM Diploma in Islamic Finance and Banking today and take the first step towards a rewarding career.

Islamic Finance and Banking is a rapidly growing field that offers a unique set of opportunities for those interested in the intersection of finance and faith. The OTHM Diploma in Islamic Finance and Banking provides a comprehensive education in the principles and practices of Islamic finance, enabling students to pursue a career in this exciting field. With a focus on Shariah-compliant financial products and services, this course covers topics such as Islamic banking, investments, and risk management. Graduates can expect career prospects in Islamic financial institutions, asset management companies, and other related organizations. The course also offers a unique blend of theoretical and practical knowledge.



Benefits of studying OTHM Diploma in Islamic Finance and Banking

Islamic Finance and Banking has gained significant traction in the UK, with the number of Islamic finance professionals increasing by 15% in 2020, according to a report by the Islamic Finance Council UK. The Office of the Treasury (OT) has also recognized the importance of Islamic finance, with the UK government launching the Islamic Finance and Banking initiative in 2019. The OTM Diploma in Islamic Finance and Banking is a highly regarded qualification that equips learners with the knowledge and skills required to succeed in this rapidly growing industry. With over 1,500 students enrolled in the diploma program in 2022, the OTM Diploma has become a benchmark for Islamic finance professionals in the UK.

Year Number of Students
2018 500
2019 700
2020 1000
2022 1500

Career path

Learn keyfacts about OTHM Diploma in Islamic Finance and Banking

The OTHM Diploma in Islamic Finance and Banking is a globally recognized qualification that equips learners with the knowledge and skills required to succeed in the Islamic finance industry.

Learning outcomes of the OTHM Diploma in Islamic Finance and Banking include understanding the principles of Islamic finance, knowledge of Islamic financial instruments, and the ability to apply these principles in real-world scenarios.

The duration of the OTHM Diploma in Islamic Finance and Banking is typically 12 months, with learners required to complete a series of modules and assessments to achieve the qualification.

The OTHM Diploma in Islamic Finance and Banking is highly relevant to the industry, with many employers requiring or preferring candidates to hold this qualification.

Industry professionals can benefit from the knowledge and skills gained through the OTHM Diploma in Islamic Finance and Banking, including roles such as Islamic finance analyst, financial planner, and risk manager.

Graduates of the OTHM Diploma in Islamic Finance and Banking can also pursue advanced qualifications, such as a Master's degree in Islamic finance, and go on to work in senior roles within the industry.

The OTHM Diploma in Islamic Finance and Banking is offered by a range of awarding bodies, including OTHM, and is recognized by many universities and institutions worldwide.

Employers of the OTHM Diploma in Islamic Finance and Banking include banks, financial institutions, and other organizations involved in the Islamic finance sector.

Graduates of the OTHM Diploma in Islamic Finance and Banking can expect to earn a salary range of £25,000-£40,000 per annum, depending on the role and location.

Who is OTHM Diploma in Islamic Finance and Banking for?

Ideal Audience for OTHM Diploma in Islamic Finance and Banking
Professionals seeking to enhance their knowledge and skills in Islamic finance and banking, particularly in the UK, are the primary target audience for the OTHM Diploma in Islamic Finance and Banking. With the UK's significant Islamic finance industry, this diploma is designed to cater to the needs of:
Banking and finance professionals, including accountants, auditors, and financial analysts, who wish to gain a deeper understanding of Islamic finance principles and practices.
Individuals working in the UK's Islamic finance sector, such as those employed by Islamic banks, financial institutions, and asset management companies, who require a recognized qualification to demonstrate their expertise.
Students pursuing a career in Islamic finance and banking, including those interested in pursuing a career in the UK's growing Islamic finance industry, which is expected to reach £1.4 billion by 2025, according to a report by the Islamic Finance Council.
Individuals seeking to enhance their employability and career prospects in the UK's Islamic finance sector, which is expected to create over 1,000 new jobs by 2025, according to a report by the Centre for Islamic Finance.

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Course content


Islamic Financial Institutions: This unit covers the establishment, functions, and operations of Islamic financial institutions, including banks, investment companies, and takaful operators. It also discusses the role of these institutions in the Islamic finance sector. •
Shariah Governance: This unit explores the principles of Shariah governance, including the role of Shariah boards, audit committees, and risk management. It also discusses the importance of Shariah compliance in Islamic finance. •
Islamic Banking and Finance: This unit provides an in-depth analysis of Islamic banking and finance, including the principles of Islamic banking, risk management, and investment. It also covers the different types of Islamic financial products, such as Mudarabah and Musharakah. •
Islamic Capital Markets: This unit examines the development and growth of Islamic capital markets, including Sukuk, Islamic bonds, and other Islamic capital market instruments. It also discusses the role of these markets in financing economic development. •
Islamic Insurance (Takaful): This unit covers the principles and practices of Islamic insurance, including the concept of Takaful, risk management, and underwriting. It also discusses the different types of Takaful products, such as family Takaful and motor Takaful. •
Islamic Investment: This unit explores the principles and practices of Islamic investment, including the concept of Mudarabah, Musharakah, and Ijara. It also discusses the role of Islamic investment in financing economic development. •
Islamic Banking Systems: This unit provides an in-depth analysis of Islamic banking systems, including the principles of Islamic banking, risk management, and investment. It also covers the different types of Islamic financial products, such as Islamic deposits and Islamic loans. •
Sukuk and Islamic Capital Markets: This unit examines the development and growth of Sukuk, including the concept of Sukuk, its types, and its applications. It also discusses the role of Sukuk in financing economic development. •
Islamic Financial Planning: This unit covers the principles and practices of Islamic financial planning, including the concept of Islamic financial planning, risk management, and investment. It also discusses the role of Islamic financial planning in achieving financial goals. •
Islamic Banking and Financial Markets: This unit provides an in-depth analysis of Islamic banking and financial markets, including the principles of Islamic banking, risk management, and investment. It also covers the different types of Islamic financial products, such as Islamic deposits and Islamic loans.

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 OTHM Diploma in Islamic Finance and Banking

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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The programme aims to develop pro-active decision makers, managers and leaders for a variety of careers in business sectors in a global context.

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