CIB Certified Islamic Banking: Dubai UAE : Arab Institute for Accountants & Legal (AIAL)

Islamic Finance

Certified Islamic Banking (CIB)

The course is aimed mainly at students and professionals who are seeking to have more than a basic understanding of the concepts and operating principles that apply to different types of Islamic banking in comparison to conventional banking. Applying Islamic principles in banking in modern markets poses serious challenges for Islamic banks.The course also provides an overview on Islamic insurance termed as takaful. The course assumes no previous knowledge of banking. Neither does it assume any previous knowledge of Islam. The emphasis is on practical implementation of Islamic finance principles in the real world of finance. The course consists of 23 lessons structured around five modules. The questions at the end of each lesson are designed to test the understanding of the basic concepts and their practical applications which have been explored within the lessons. On completion of the course students will be awarded the CIB by HIBI MY.

Who should do this course

The course is open for all individuals across the world. The minimum criterion for doing any course of the Institute is good knowledge of English. The course is designed for persons wishing to pursue a career in Islamic banking or also for those serving in the industry in their career progression. The course will also benefit those who wish to learn the fundamentals of Islamic banking and finance and their applications.

Certification Issued By:

ICAS logo HIBI Higher Institute for Islamic Banks & Financial Institutions (Malaysia) Higher Institute for Islamic Banks & Institutions HIBI is one of the major international institutes in Kuala Lumpur, Malaysia. And the largest seat of higher education in the Fareast area. It is a major international center for an excellent integration of Islamic Studies with the General Studies and Studies of Islamic Finance & sharia.


  • MBA Finance holders or
  • B.Com Graduate and M.Com or
  • Minimum 15 years of education or
  • Any education certificate related to accounting, auditing or finance.

CIB Parts:

  • Islamic Economic System
    • Introduction to Economic Theories and Islamic Economic System
    • The Historical Development of Islamic Banking
    • Islamic Commercial law
    • The Basic Prohibitions
    • Qard and Dayn in Islamic banking
    • Principles of Islamic Commercial Contracts
    • Islamic law of Sale and Purchase
  • Modes of Shari'ah-Compliant Transactions
    • Introduction to Islamic Modes of finance
    • Non-participatory Modes of finance
    • Participatory Modes of finance
    • Accessory Modes
  • Islamic Banking Operations
    • Key Characteristics of Islamic Banking Operations
    • Islamic Retail Banking Services
    • Islamic Investment Management Services
    • Corporate Banking Services
    • Investment Banking in Islamic Banks
    • Treasury and International Banking
  • Governance, Regulation, Accounting Issues in Islamic Banking
    • Social Responsibility and Internal Controls
    • Regulatory Compliance Functions
    • Risk Management in Islamic financial Institutions
    • Modern trends in Islamic Banking
  • Introduction to Islamic Insurance (Takaful)
    • Insurance and the Introduction of Takaful
    • Takaful and Retakaful

How to Register?

  • Register Online or
  • Fill-up the registration form and visit the Institute, with the following requirements then pay the necessary fees.
    • passport or emirates id copy
    • 1 copy of passport size photo
    • eligible certificate copy OR CV/Profile

Download CIB Details

Download full details of this course.