Advanced Diploma in Islamic Finance (ADIF) (Professional Award L9)
Benefits of taking the ADIF
- Offers an intellectually stimulating environment in which students can develop their knowledge, understanding and analysis related to the field of Islamic banking and finance.
- Provides students with an understanding of the jurisprudential and theoretical fundamentals core to Islamic banking and finance.
- A well-reputed Islamic Finance qualification in the region at the level of a post graduate diploma that strikes the perfect balance between theoretical and practical knowledge.
- Develop the ability to apply the knowledge and skills they have acquired to the solution of practical problems in their professional banking careers.
Structure of the ADIF
The ADIFs consist of the following modules, which will be concluded through an examination on each subject:
- Module 1 : Islamic Commercial Jurisprudence
- Module 2 : Islamic Banking Operations
- Module 3 : Islamic Treasury and Capital Markets
- Module 4 : Accounting for Islamic Financial Institutions
- Module 5 : Islamic Insurance
- Module 6 : Business Banking and Trust Law
The classes of each module will be delivered through lectures, discussions, and case studies. 48 hours are allocated for each module, divided into 15 class meetings of 3 hours a day. The classes will be held 3 times a week; where 3 modules will be taught for each semester. Class timings will be in the evening from 6PM to 9PM.
After the last session students will sit a 3-hour final exam, making up 60% of the overall assessment for each module in addition to the 20% awarded for a final project and 20% for assignments and in-class exercises.
- The Programme is conducted in English and as a result, candidates are expected to have a good working knowledge of English
- In order to progress through the course of study. Applicants, who have completed or who are exempt from the Business English level BEP Level 4, can enroll in the diploma programme,
- Applicants who can demonstrate prior knowledge of commerce, banking or finance either with:
- Relevant work experience. For instance, middle level management experience in finance or banking
- However, candidates having relevant experience may be required to complete Economics, Accounting-I and Accounting-II from BSDP Programme – prior to enrolling in to ADIF program.
- Business, Commerce, Banking or Finance degree from a recognized University or other relevant national/international professional qualifications.
- Applicants may be required to take an entry examination and/or interview for enrolling into the Advance Diploma in Islamic Finance Programme.
The programme fee structure (in Bahraini Dinars) is as follows:
Registration: 15 (Non-refundable)
Fee per module: 400 (For every 50 hours)
Alternative Exam Fee: 25
Fees are payable at the time of registration for a module. Failure to pay shall result in expulsion from the programme. Module Fees are fully refundable (100%) if the candidate decides to withdraw one week prior to the commencement of the course. Module Fees are NOT refunded if withdrawal takes place at any time later than one week prior to commencement of the course.
Application forms can be filed until one week prior to the start of the term. Candidates who are sponsored by their organisations must submit their application forms through their training managers (Registration forms enclosed).