REDmoney are pleased to announce they have been awarded accredited training provider status by the Chartered Institute of Securities and Investment (www.cisi.org) for the provision of preparatory courses and assessment for the Islamic Finance Qualification (IFQ).
The IFQ is a ground-breaking qualification that covers Islamic finance from both a technical and a Shariah perspective, providing the first international benchmark in the area of Islamic finance. It provides candidates with an understanding of the influence of Shariah in a business context and prepares candidates to hold key positions in the Islamic finance and Takaful industries. The qualification is appropriate for existing and new employees and those seeking a career in Islamic finance. Since its launch, the exam has been taken in over 40 countries. The qualification is globally recognized with in excess of 55% of exams taken outside the UK.
The IFQ is initiated and supported by the Central Bank of Lebanon (Banque du Liban) and is awarded jointly by the Chartered Institute for Securities & Investment (recognized by Ofqual, the UK government education regulator) and l’Ecole Supérieure des Affaires (ESA).
The Chartered Institute for Securities & Investment has a policy of formally recognizing those training providers who meet the Chartered Institute for Securities & Investment's stringent quality assurance requirements. The accreditation process includes observation of classroom training and other forms of learning support including e-learning as well as substantive documentation.
REDmoney plans to offer a 3-day IFQ preparatory course and assessment in Malaysia in the fourth quarter of 2010.
The IFQ is a two-hour, 100 multiple-choice question exam and the pass mark is 70%. The recommended study plan for candidates is to attend a preparatory course or revise using the IFQ accompanying workbook which will be made available to all candidates, or a combination of both.
The IFQ curriculum covers the following topics:
Chapter 1: An Introduction to Islam
Chapter 2: An Introduction to Islamic Banking & Finance
Chapter 3: Islamic Law of Contracts
Chapter 4: Financial techniques Applied by Islamic Banks
Chapter 5: Financial Statements for Islamic Banks
Chapter 6: Islamic Corporate Governance
Chapter 7: Islamic Asset & Fund Management
Chapter 8: The Sukuk Market
Chapter 9: Islamic Insurance – Takaful
Chapter 10: Case Studies
IFQ preparatory courses will be available from REDmoney in Malaysia during the fourth quarter of 2010.
For more information please contact Subashini Jaganathan on telephone: +603 2162 7800 ext. 32 or