Professional Certificate in Islamic Banking (PCIB)

Banking, Islamic Banking

About this course

The Professional Certificate in Islamic Banking (PCIB) course is designed to support professional development and practices in the Islamic banking eco-system whether an individual anticipates developing a career or desire to enter this sector. Bangladesh operates in a dual financial system; therefore, this course will cover lessons illustrating both the banking system, Islamic and conventional. Modules are prepared by experts accordingly. Upon completion of the course, professionals will be acquainted with all kinds of banking instruments and markets existing within the system.  
Title Details
Frequency Once a week
Target Group Probationary Officer, Junior Officer, Senior Principal Officer or Equivalent Officer and above or General practitioners working in banks, corporates, or financial institutions in functions such as credit relationship management.
Methods Lecture, Group Discussion, Self-reflection, and Case Study
Class Type On Campus and online (Hybrid mode)
Evaluation Method Quiz, Mock test, Presentation, Creative Assignments, Final exam
Course instructor Dr Taslima Julia, Md Atiqur Rahman Khan Khadem, Ms. Humaira Parveen, Dr. Md. Tajul Islam, Dr. Golzare Nobi

Who this course is for

  • Islamic banking, insurance, and finance professionals as well as nonbank financial professionals can join the program.
  • Academicians who require Islamic banking and financial knowledge, fresh graduates.
  • Generally, Probationary Officer, Junior Officer, Senior Principal Officer, or Equivalent Officer and above are the targeted group or general practitioners working in banks, corporates, or financial institutions in functions such as credit relationship management.

Materials included

  • Islamic Financial System, Principles & Operations, 2nd Edition (2016), ISRA, Malaysia.
  • Financial Markets and Institutions, Jeff Madura, 8th Edition, Thomson South-Western
  • Fundamentals of Islamic Banking, Dr. Asyraf Wajdi Dusuki and Dr. Nurdianawati Irwani Abdullah, IBFIM. KL, Malaysia
  • Islamic Banking Practices, Mohammad Khairi Saat, Razli Ramli and Haryani Aminuddin, IBFIM, KL, Malaysia
  • Islamic Banking Operations, BIBF, Bahrain
  • AAOIFI Shari'ah Standards
  • Critical Issues on Islamic Banking and Financial Markets, Saiful Azhar Rosly. 2005, Dinamas Publishing, Kuala Lumpur, Malaysia.
  • Articles published in recognized journals. (Will be provided in class)
  • Reports of International bodies (will be provided in class)

What you will learn

  • Understand the principles and fundamentals of Islamic Banking Operations
  • Differentiate between Conventional banking and Islamic Banking
  • Explore Shari’ah and Legal Framework of Islamic Banking Operations
  • Gain knowledge of various Islamic Banking Products and Services
  • Familiarize the diversity of Islamic Banking Operations

Course content

9 modules · 37 topics

Module 1 : Shariah Framework in Banking (One Session) 5
  1. Fundamentals of Sharah
  2. Sources of Shariah
  3. Prohibitions in Muamalat (Riba, Rishwah, Mysir, Gharar, Jahl)
  4. Types of Riba with case studies
  5. Why Riba is Prohibited?
Module 2: Fundamentals of Islamic Banking (One Session) 6
  1. Islamic Financial System
  2. Definition of Islamic Banking
  3. Historical Background of Islamic Banking
  4. Philosophy, Objectives and Principles of Islamic Banking
  5. Islamic Banking in Dual Economic Environment
  6. Comparative thoughts on Conventional and Islamic Banking
Module 3: Islamic Banking Operations (one Session) 4
  1. Regulatory Framework of Islamic Banking (Bank Company Act, GFIB)
  2. Sources and Application of Funds
  3. Islamic Banking as Financial Intermediary
  4. Balance Sheet of Islamic Banking
Module 4: Islamic Deposit (One Session) 3
  1. Shari’ah Based Products of Deposits
  2. Maqasid Program of Deposit Mobilization
  3. Profit Distribution in asset pools
Module 5: Financing in Islamic Banking (Two Sessions) 4
  1. Working Capital Financing
  2. Capital Machinery Financing
  3. Project Financing through Syndicate Financing
  4. Service Financing (Forward Lease)
Module 6: Islamic Ancillary Services and their Shariah implications (Two Sessions) 5
  1. Fund Transfer (Hawalah)
  2. Locker Services (Ijrarah)
  3. Guarantee Services (Kafalah)
  4. Agency Services (Wakalah)
  5. Card Operations (Debit Card, Charge Card, Credit Card)
Module 7: Islamic Trade Finance (Two Sessions) 4
  1. International Modes of Trade Payments
  2. Letter of Credit Operations in accordance with Shariah
  3. Import Financing
  4. Export Financing
Module 8: Islamic Money Market and Treasury Operations (One Session) 4
  1. Islamic Money Market Definition
  2. Money Market Participants
  3. Money Market Instruments
  4. Trading in currencies (Bai as Sarf)
Module 9 : Risk Management in Islamic Banking (One Session) 2
  1. Risk Dynamics in Islamic Banking
  2. Shariah Compliance and Governance in Islamic Banking