Certificate in Accounting for Islamic Financial Institutions

The course consists of 12 chapters:

1. Framework of financial reporting for Islamic financial institutions
2. Financial reporting of Islamic financial institutions
3. Financial statements I: balance sheet and statement of restricted investment
4. Financial statements II: income statement and accounting policies on income determination
5. Investment accounts and profit distribution policy
6. Accounting and reporting: Mudarabah and Musharakah financing
7. Accounting and reporting: Murabahah financing
8. Accounting and reporting: Ijarah and Ijarah Muntahia Bi Tamleek
9. Accounting and reporting: Salam and Istisna’ financing
10. Corporate governance
11. Auditing of Islamic financial institutions
12. Shari’ah governance

Entry Requirements: Level 2 English and Maths (or equivalent)

Assignments: None, but the course contains a study guide, exemplars, and practice questions.

Exams: One exam – 40 multiple choice questions (one hour long).

Prison Support Requirements: Organize and invigilate exam

Tutor Support: Yes

What’s Next? Any of the other three Islamic Finance courses

Find Out More: You can read about the course provider here