QCF Level 7 Diploma in Islamic Finance and Banking

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QCF Level 7 Diploma in Islamic Finance and Banking

The Islamic Finance industry is rapidly growing, and this QCF Level 7 Diploma is designed for professionals seeking to understand its principles and practices.

Targeted at finance and banking professionals, this diploma provides in-depth knowledge of Islamic Finance and Shariah law, enabling learners to navigate the industry's complexities.

Through a combination of theoretical and practical modules, learners will gain expertise in Islamic Banking, Islamic Capital Markets, and Islamic Asset Management.

Develop your skills and enhance your career prospects with this comprehensive diploma.

Explore the world of Islamic Finance and discover new opportunities. Apply now to take the first step towards a rewarding career in this exciting field.

Islamic Finance and Banking

is a rapidly growing field that offers a unique blend of finance and faith. The QCF Level 7 Diploma in Islamic Finance and Banking is an advanced qualification that equips students with the knowledge and skills required to succeed in this field. With a focus on Shariah-compliant practices, this course provides students with a comprehensive understanding of Islamic finance principles, including risk management, investment, and banking. Graduates can expect career prospects in top financial institutions, as well as opportunities to work in Islamic banking and Islamic capital markets. Unique features of the course include a focus on Islamic economics and Shariah auditing.


Benefits of studying QCF Level 7 Diploma in Islamic Finance and Banking

QCF Level 7 Diploma in Islamic Finance and Banking holds immense significance in today's market, particularly in the UK. The UK's Islamic finance industry has witnessed substantial growth, with the sector's assets under management (AUM) increasing from £1.4 billion in 2010 to £24.4 billion in 2020, as per a report by the Islamic Finance Council UK. This growth can be attributed to the increasing demand for Shariah-compliant financial products and services.

Year AUM (£ billion)
2010 1.4
2015 6.4
2020 24.4
The QCF Level 7 Diploma in Islamic Finance and Banking is designed to equip learners with the necessary knowledge and skills to navigate the complexities of Islamic finance. The diploma covers topics such as Islamic banking, Shariah governance, and risk management, making it an essential qualification for professionals working in the industry.

Career path

Learn keyfacts about QCF Level 7 Diploma in Islamic Finance and Banking

The QCF Level 7 Diploma in Islamic Finance and Banking is a prestigious qualification that offers advanced knowledge and skills in the field of Islamic finance and banking.

Learning outcomes of this diploma include understanding the principles of Islamic finance, including Shariah governance, risk management, and investment analysis. Students will also gain knowledge of Islamic banking products, such as Mudarabah and Musharakah, and their application in real-world scenarios.

The duration of this diploma is typically 12 months, with 8 months of academic study and 4 months of work experience. This allows students to gain practical experience in the industry while still completing their studies.

The QCF Level 7 Diploma in Islamic Finance and Banking is highly relevant to the industry, as it provides students with a deep understanding of Islamic finance principles and practices. This qualification is recognized by employers and regulatory bodies, making it an attractive option for those looking to advance their careers in Islamic finance.

Graduates of this diploma can pursue careers in Islamic banking, financial institutions, and other related organizations. They can also work in regulatory bodies, such as the Financial Action Task Force (FATF) and the Islamic Financial Services Board (IFSB).

The QCF Level 7 Diploma in Islamic Finance and Banking is offered by recognized awarding bodies, such as the British Accreditation Council (BAC) and the Open and Distance Learning Regulator (ODLR). This ensures that the qualification meets the highest standards of quality and recognition.

Who is QCF Level 7 Diploma in Islamic Finance and Banking for?

Ideal Audience for QCF Level 7 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 this diploma. With the UK's Islamic finance industry valued at £1.4 billion in 2020, according to a report by the Islamic Finance Council, there is a growing demand for professionals with expertise in Islamic finance and banking.
The ideal candidate should have a strong foundation in finance and banking, with a minimum of 3-5 years of experience in the industry. They should also possess excellent analytical, communication, and problem-solving skills, as well as a deep understanding of Islamic principles and practices.
In terms of demographics, the target audience may include: finance professionals, bankers, accountants, and lawyers working in Islamic finance institutions, as well as those interested in pursuing a career in Islamic finance and banking.
By completing the QCF Level 7 Diploma in Islamic Finance and Banking, individuals can enhance their knowledge and skills, increase their career prospects, and contribute to the growth of the Islamic finance industry in the UK and globally.

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Course content


Islamic Financial Markets and Instruments: This unit covers the principles and practices of Islamic financial markets, including the types of Islamic financial instruments, such as Sukuk and Mudaraba, and their characteristics, advantages, and disadvantages. •
Shariah Governance in Islamic Finance: This unit explores the role of Shariah governance in Islamic finance, including the principles of Shariah, the importance of Shariah compliance, and the mechanisms for ensuring Shariah compliance in Islamic financial institutions. •
Islamic Banking and Finance: This unit provides an overview of Islamic banking and finance, including the principles and practices of Islamic banking, the types of Islamic banking products, and the regulatory framework governing Islamic banking. •
Risk Management in Islamic Finance: This unit covers the principles and practices of risk management in Islamic finance, including the types of risks faced by Islamic financial institutions, the risk management strategies used, and the regulatory requirements for risk management. •
Islamic Capital Markets: This unit explores the principles and practices of Islamic capital markets, including the types of Islamic capital market instruments, such as Sukuk, and their characteristics, advantages, and disadvantages. •
Islamic Investment and Portfolio Management: This unit provides an overview of Islamic investment and portfolio management, including the principles and practices of Islamic investment, the types of Islamic investment products, and the regulatory framework governing Islamic investment. •
Islamic Financial Planning and Counseling: This unit covers the principles and practices of Islamic financial planning and counseling, including the importance of Islamic financial planning, the types of Islamic financial products, and the regulatory requirements for Islamic financial planning. •
Islamic Microfinance and Poverty Alleviation: This unit explores the principles and practices of Islamic microfinance and poverty alleviation, including the importance of microfinance, the types of Islamic microfinance products, and the regulatory framework governing Islamic microfinance. •
Islamic Financial Technology and E-Finance: This unit provides an overview of Islamic financial technology and e-finance, including the principles and practices of Islamic financial technology, the types of Islamic e-finance products, and the regulatory requirements for Islamic e-finance. •
Islamic Financial Regulation and Supervision: This unit covers the principles and practices of Islamic financial regulation and supervision, including the regulatory framework governing Islamic financial institutions, the types of regulatory requirements, and the importance of effective regulation and supervision.

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

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