Islamic Finance – 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

Format of Course Materials: Paper-based

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

Exams: One exam – 40 multiple choice questions, one hour long. (Funding not included – you will need to re-apply to PET for the exam fees).

Prison Support Requirements: Organize and invigilate exam

Tutor Support: Yes

What’s Next? Certificate in Islamic Commercial Law, Certificate in Banking and Takaful, Certificate in Islamic Capital Markets and Instruments

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