Advanced Courses (level 3):The Advanced Courses are designed around six core universes of knowledge excluding accounting which is offered at this level by AAOIFI. A candidate may focus on a single universe or all integrated universes. A single universe candidate will be designated a Certified Islamic Financial Analyst Integrated Management (or Corporate Islamic Banking; or Retail Islamic Banking; or Treasury and Derivatives; or Wealth & Fund Management; Rank 1). A candidate who completes and passes the related exam for the first five modules will be designated a Certified Islamic Financial Analyst with Distinction. The advanced modules are based on self or structured training. Examples of Level 3 modules can be found in Appendix 1.
Corporate Islamic
Banking Institution
Specific Products Integrated
Management Skills of the Islamic Bank Islamic Treasury
and Derivatives Retail Islamic
Banking Wealth & Fund
Management1. Corporate Islamic Banking: This module is geared towards specialists in corporate finance. The module includes IFSB and general risk management, AAOIFI accounting, marketing, and integration with treasury and other institutional functions.
2. Institution Specific Products: This module is designed in conjunction with the institution requesting the module and tailored to the institutions requirements. This may be broken into sub modules, which if less detailed than modules 1 5 would result in a Rank 2 certification.
3. Integrated Management Skills of the Islamic Bank: This module is geared towards senior managers or aspirants to become senior managers of Islamic banks. The modules include IFSB and general risk management, AAOIFI accounting, corporate Islamic Banking, Retail Islamic Banking, Islamic Treasury Operations, Wealth & Fund Management, and Marketing Islamic Products.
4. Islamic Treasury and Derivatives: This module is geared towards specialists in treasury operations. The module includes IFSB and general risk management, AAOIFI accounting, marketing, and integration with users and generators of funds within the bank, and other institutional functions.
5. Retail Islamic Banking: This module is geared towards specialists in finance. The module includes IFSB and general risk management, AAOIFI accounting, marketing, and integration with treasury and other institutional functions.
6. Wealth & Fund Management: This module is geared towards specialists in wealth and fund management. The module includes IFSB and general risk management, AAOIFI accounting, marketing, and integration with global regulation.
A team member who completes all six courses or has performed self study based on recommended materials and course specific materials (sold separately) will be eligible to sit Part 3 (of three) of the Certified Islamic Financial Analystc examination as administered by SHAPE and REDmoney. All modules include real market case and mini]case studies.
