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? There are a wide range of finance, business and management courses to consider.

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


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