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Islamic Finance Qualification (IFQ)

The Islamic Finance Qualification (IFQ) is a ground-breaking qualification that covers Islamic finance from both a technical and Sharia’a perspective, providing the first international benchmark in the area of Islamic finance. Aimed at new and existing investment professionals specialising in Sharia’a compliant finance, trade, investment and insurance, the IFQ is primarily a practical Islamic banking qualification, but also covers the legal aspects of Sharia’a which underpin all Islamic contracts.
Certification Summary
Examination Papers & Topics
There is only one part/paper for the IFQ certification. Cadidates will be tested on the following topics:
  • The Basis of Islamic Banking and Finance
  • An Introduction to Islamic Banking and Finance
  • Islamic Law of Contracts
  • Financial Techniques Applied by Islamic Banks
  • Financial Statements for Islamic Banks
  • Islamic Corporate Governance
  • Islamic Asset and Fund Management
  • The Islamic Bond Market – Sukuk
  • Islamic Insurance – Takaful
Examination Style
  • The IFQ examination consists of 100 multiple choice questions to be solved in 2 hours.
Examination Passing Score

The passing score is 70 %.

Examination & Results Dates
Exams are provided around the year and results are published right after completing the examination.
Examination Mode Computer-based
Areas of Specialization
  • Banking and Finance
  • Islamic Finance
Professional Body Chartered Institute for Securities & Investment
Location of Incorporation United Kingdom