The preview of Chartered Professional in Islamic Finance during the 3rd Annual Symposium on Islamic Finance
Date: 12 December 2017
Venue: Sasana Kijang, Kuala Lumpur
The Chartered Institute of Islamic Finance Professionals (CIIF) revealed a preview of its forthcoming professional programme during the 3rd Annual Symposium on Islamic Finance, a key international gathering of industry players and institutions organised by The World Bank, Islamic Research and Training Institute (IRTI), and Guidance Financial Group, in collaboration with INCEIF, the Global University of Islamic Finance. Dr Azura Othman, Chief Executive Officer of the CIIF, shared with the audience that the new professional programme, “Chartered Professional in Islamic Finance” or “CPIF”, will begin its rollout in March 2018, starting with the Foundation level. As this will be the first time that the CPIF will be implemented, the CIIF expects to gain comprehensive insights from the industry through first-hand feedback and reviews as part of the plan to continuously improve the programme quality.
It is expected that the CPIF will become the mainstream professional qualifications for practitioners in the Islamic Finance industry, with the CIIF as the professional body driving the agenda for enhancing the level of professionalism within the industry. The CPIF comprises four levels of progression, leading towards the attainment of the CIIF’s Chartered membership status.
At the Foundation level, candidates will be exposed to broad knowledge of the operating environment, including Shariah, legal, economics, and product knowledge. At the Intermediate level, candidates will build on the Shariah knowledge, and learn the fundamentals in accounting and ethics – and must choose either the banking or takaful track for their studies moving forward. Knowledge covered at the Proficient level will focus on the development of core competencies in either banking or takaful, depending on the track chosen earlier. Finally, at the Chartered level, candidates will develop management-level competencies in organisation strategy, risk, audit and compliance. Fulfilment of all levels, plus the required minimum relevant working experience, will see candidates attaining their “Chartered” status, and be well on their way towards becoming versatile and universal professionals in Islamic finance for either banking or takaful.
To enrol, candidates must first be admitted at least as Student Member of the CIIF before being allowed to proceed with the CPIF. Exemptions may be given to experienced candidates on a case-by-case basis. For more information, interested applicants can submit their queries to firstname.lastname@example.org.