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Institute of Islamic Banking and Finance

Globally Accredited Islamic Finance Training Programs

Academy for International Modern Studies (AIMS) is a UK based institute of Islamic banking and finance. It is among the pioneers of Islamic finance training, and it has made a significant contribution in the industry. AIMS has earned its strong reputation, since its founding in the year 2005. AIMS offers best Islamic banking training, and qualified professionals are in high demand. They are trained to perform leading roles in the establishment and management of Islamic financial institutions.

Islamic Banking and Finance is a multi-trillion dollar industry, with the yearly growth rate above 20%. It is also one of the most essential needs of Muslims around the globe. The Muslim population is now 24% of the world’s population, and this percentage is expected to reach 35% by year 2050 to outnumber the population of any other religion. Demand for qualified human resources is also growing, and it is now higher than ever. Financial institutions now require over 15,000 professionals a year to join the industry worldwide.

Islamic finance training

Institute of Islamic Banking and Finance has been working with renowned Islamic finance scholars and practitioners. They prepare globally accredited PhD, MBA, Diploma, and Certificate programs. Islamic finance training programs at AIMS are designed by considering the need of today's business growth. Its objectives are to:

  • Facilitate individuals to become industry experts, and organizations to establish better Islamic financial systems.
  • Promote best practices and professionalism in the Islamic finance industry.
  • Provide the best qualification in a world of increasing competition.

Islamic Banking Training Methodology

Islamic Finance Training Programs

islamic finance qualification

CIFE is a globally recognized Islamic finance certificate. It produces experts, so they can skilfully work with Islamic finance companies across the globe.

Islamic Finance Certificate

institute of islamic banking and finance

It is an Islamic finance degree program. It broadens the knowledge in business management principles. It also builds expertise, required to develop the products.

Islamic Finance Degree

Islamic banking training

MDIF is an advanced diploma in Islamic banking. It produces professionals, who can perform leading roles to develop the institutions.

Diploma in Islamic Banking

Islamic finance university

PhD Islamic Finance is made to produce industry leaders. It allows candidates to integrate their skills, knowledge, and education-research into policy.

PhD in Islamic Finance

Growing Demand of Islamic Finance Training

Considering the growing demand for skilled Islamic finance professionals, the institute of Islamic banking and finance was launched in the year 2005. AIMS provides well-recognized university level education. Leading scholars from all over the world are associated with AIMS to produce a highly skilled Islamic finance work force. AIMS scholars prepared the best Islamic banking training programs. Thousands of graduates, who completed their education from AIMS, are now offering their services to well-known organizations.

One must attend AIMS' Islamic banking training, the fastest way to obtain mastery in this subject. Programs offered by the Islamic finance institute are very popular among job seekers. Programs are equally suitable for those graduates seeking jobs, and for working professionals seeking career growth. They are well structured and recognized among the financial institutions all over the world. The programs offered by the Islamic banking institute are one hundred percent online. Lectures can easily be managed between work and family.

  • Islamic finance is also popular among non-Muslims, due to many reasons. One of the major reason is it condemns Usury. Usury is also strictly forbidden in Judaism, Christianity, Buddhism, and Hinduism.
  • Islamic finance is an ethical and moral financial system. It condemns taking advantage of others’ misfortunes.
  • Due to these facts, Islamic Banking and Finance is a multi-trillion dollar industry. The yearly growth rate of Islamic banking and finance industry is above 20%.
  • Demand for a reputed institute of Islamic banking and finance and qualified human resources is also growing. Islamic finance training need is higher than ever. Islamic banks and financial institutions require at least 15,000 professionals a year to join the industry. Need for qualified professionals is increasing rapidly, on a yearly basis.

History of Islamic Banking

Before you get to know the details of the Islamic finance training programs offered by the institute of Islamic banking and finance, let us first give you a background of Islamic banking and finance.

  • Mostly, people want to know where Islamic Banking came from. Is it really Islamic? Was there a concept of banking, at the time of Prophet Mohammed (Peace Be Upon Him)? Here, we will answer these questions.
  • The origins of Islamic Finance can be traced from the time of Prophet Mohammed (Peace Be Upon Him). Trading was the main source of income of the people living in Makkah. In Makkah, Prophet Mohammed (Peace Be Upon Him) carried merchandise to Syria on the basis of business partnership.
  • When Prophet migrated to Madinah, the main source of income of the people living there was agriculture. They made a forward contract for prescribed dates that to be delivered later in 1, 2 or 3 years. This was the ancient form of Salam. Prophet Mohammed (Peace Be Upon Him) allowed this transaction under some conditions. Other Islamic modes of transactions that Prophet allowed in his time include Shirkah, Ijarah, and Sarf.
  • Later, during the eighth and twelfth centuries, the Muslim world developed several Shari'ah based instruments. They include Hawala, Trusts, Promissory Notes, Bills of Exchange, and System of Cheque.
  • In mid-nineteenth century, the Islamic world practised modern Islamic Banking system. This system was derived from the Quran, Hadees, Ijmah, and Qiyas. In the new system, all the prohibited elements have been excluded, such as Usury, Uncertainty, and Speculation. A concept of formal Islamic finance training was started after that period.
  • It is a very common concept that Islamic Banking is not really Islamic. There is no issue with Islamic Banking as a system. However, due to some commercial minded bankers and investors, the industry is now facing issues. But, these issues are resolving over the time, and AIMS' Islamic finance institute is successfully performing its role.
  • There is a major difference between conventional banking and Islamic banking systems. Suppose you want to start a manufacturing plant. If you go to a conventional bank, the bank will pay you the money for the business. The bank will charge you interest on that money. On the contrary, if you go to an Islamic Bank, the bank will make a partnership with you in your business.
  • Since, the financial risk is borne by the investors, only the people with skilled business proposals come up. This strengthens the economy of the society. And this is the reason the Islamic banks were unaffected by the banking and sub-prime mortgage crisis.

Why Choose AIMS’ Islamic Finance Institute?

  • World-renowned institute of Islamic banking and finance, since year 2005.
  • Islamic banking training programs are designed by well-recognized scholars.
  • Curriculum of AIMS programs is updated on a regular basis. It allows candidates to practice the latest trends in the field.
  • Students study at their own pace, and it may be scheduled between work and family.
  • Certifications issued by AIMS are well-recognized among financial companies all over the world.

Islamic Banking Training Features

  • Learning contents, designed by the Islamic finance institute, are not like typical books. Syllabus written for the Islamic banking training keeps students focused on their subject. Online Islamic finance training resources are delivered through cutting edge technology. Topics are explained through animated video lectures. It gives the best study experience, with unique style and voice narrations. Study guide books are provided by the Islamic banking institute to students for each program they enroll in.
  • AIMS Islamic banking institute offers the best Islamic banking training programs. There are many resources, used to deliver these programs, and many activities are included. Main study resources used for the Islamic finance training are e-lectures, e-manuals, and 24/7 faculty support. In addition, assignments are given to all students, which help students to prepare for their exam.
  • Students access the study resources 100% online and study at their convenience. Students submit the assignments as per their own schedule. Students decide their own date and time to appear in the final exam.
  • Programs offered by the institute of Islamic banking and finance are easy to get. Students can benefit from these programs from any part of the world. No travel cost or travel time is wasted for this off campus education. Once students log in to their e-class, they can easily access their learning content from anywhere and anytime (such as home, office, or a hotel room).

What Our Student Say!

I had a great time studying Islamic Finance from the Institute of Islamic Banking and Finance at AIMS. I completed my CIFE online with the help of online lectures, study manuals, and other academic resources. They all are well-organized. The Islamic finance training content is excellent and they give the true picture of Islamic Finance. The views expressed in the program, are under the views of scholars, like Mufti Taqi Usmani. Programs are 100% online, and studies are AAOIFI Shariah compliant. I would strongly recommend the institute of Islamic finance to everyone. If you do not know Islam or finance, you will learn it here. The program starts from the fundamentals. I got a job when I started my CIFE. After completing my CIFE, and I am now pursuing the MDIF qualification.

Nida Khan
Luxembourg