CIMA - Certificate in Islamic Finance

Talal Abu-Ghazaleh CIMA Academy was established as the result of a co-operation agreement signed in 2008 between Talal Abu Ghazaleh Professional Training Group (TAGI-Train) and the Chartered Institute of Management Accountants (CIMA).

Talal Abu-Ghazaleh CIMA Academy is proud to be the only body that offers CIMA’s Certificate in Islamic Finance in Arabic in the Arab region. The qualification has been translated into Arabic by Talal Abu-Ghazaleh CIMA Academy which will be delivering the training and examinations in both Arabic and English to allow studying to be as flexible as possible. 

Talal Abu-Ghazaleh CIMA Academy presents the CIMA Certificate in Islamic Finance, the first global qualification to be offered by a professionally chartered accountancy body. The Certificate was developed to meet the fast-growing demand for a globally-recognized qualification in the Islamic finance sector. It is designed to equip students with the knowledge and skills needed in the dynamic and exciting market area. 

CIMA Islamic Finance Certificate has four compulsory study modules; each module is independent and has a study guide: 

1. Islamic Commercial Law
-   Introduction to Islamic commercial law as it relates to Islamic finance.
-   The sources of the Islamic commercial law including the Qur’an and the traditions of the Prophet Mohammad. 
-   The methodologies used to solve modern problems in Islamic finance. 
-   The historic contracts involved in Islamic commercial law. 
-   Shari’ah compliance and the importance of the Shari’ah standards.

2. Islamic Banking and Takaful – Products and Services
-   The developments which have taken place with regard to Islamic financial institutions and systems. 
-   The main sources of funds available to banks and how these sources are rewarded. 
-   The various products developed by Islamic banks for their customers. 
-   The products and services offered under Takaful and issues relating to underwriting, deficits, surpluses, and
-   The financial and operational risks common to both the banking and insurance sectors.
3. Islamic Capital Markets and Instruments 
-   The difference between conventional and Islamic capital markets. 
-   The primary and secondary capital markets. 
-   Regulation within the Islamic capital market. 
-   Screening processes used in accepting/rejecting Shari’ah compliant products.

4. Accounting for Islamic Financial Institutions 
-   The reporting framework and standards of Islamic financial institutions. 
-   The analysis and classification of Islamic funding and financing transactions. 
-   How transactions adopting different contracts of financing are reported in the Islamic financial statement. 
-   Financial accountability and Shari’ah compliance of Islamic financial institutions. 

                    -         CIMA - Islamic Finance Brochure ( Arabic )


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