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AIMS Islamic Institute
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Learning experience at AIMS was wonderful and encouragable. Program is well structured and learning was "Great Adventure". The contents are excellent and the teaching methodology is very interesting

Ismail KARFAL,
Financial Controller Manager,
OCP Group,

Diploma in Islamic Banking and Finance

MDIF Overview

Master Diploma Islamic Banking & Finance - an Overview

Master Diploma in Islamic Finance or MDIF program by AIMS is one of the best qualifications, offered 100% Online in a Self-Paced learning environment. This Islamic economics and finance training is formulated by considering the rapid growth of Islamic Finance industry (IFI) and increased demand of Islamic Finance professionals, worldwide.

This diploma in Islamic banking and finance starts from the fundamental concepts of Islamic Economics, Banking & Finance. Students a study Islamic finance program, which maintains a holistic balance between theory and practical experience. In this program, students study six Islamic banking courses and complete a project. On completion of Master Diploma Semester-I, students are awarded by Certified Islamic Finance Expert (CIFE) certification. On completion of Semester-II, Master Diploma in Islamic Finance (MDIF) is awarded. 



MDIF is designed to produce highly proficient Islamic Finance professional, who are fully capable to develop and manage Islamic Financial products and services
MDIF graduates earn qualifications in Islamic economics, Islamic Banking, Takaful, Islamic Investments, Shariah Accounting, Shariah Auditing, Designing of Financial Products and Conversion of Conventional Bank into Islamic Bank
MDIF program is designed & facilitated by renowned Islamic Finance Sharia scholars and leading Product Development Managers
MDIF study resources is updated on regular basis, to make sure that graduates are fully aware of recent market trends
MDIF leads to MBA in Islamic Banking and PhD qualifications in Islamic Finance programs


Program Summary:

Study Mode 100% Online | Self paced learning
Study Time 6-8 months | 10 hours/week
Study Resources

Online Interactive Lectures

Comprehensive Manual for each course

Academic Support by Shairah Scholars

Online Islamic Finance Library

Assignments for Progress Monitoring

Start Date Enroll anytime Check your eligibility
Assessment Assignments + Project + Online Test
Certificate Awarded Master Diploma in Islamic Finance (MDIF)

Learning Methodology

AIMS offers 100% flexible learning environment. Achieving diploma Islamic banking qualification is a simple three step process


Online Enrollment: Check your eligibility and complete the Online Enrollment Form to enroll. You will receive login details with 48 hours time
Study Online: Once you login to your e-class, you have access to all the study resources. These resources includes interactive lectures, study manuals, library, assignments and access to shariah scholars through emails
Final Assessment: Complete your project and pass your online MCQs type examination as per your convenient date and time, to become Master Diploma certified


Course Structure

MDIF courses are placed in such a way that students receive a valuable certification on completion of each level

Certified Islamic Finance Expert (CIFE) Certificate is awarded on completion of Semester-I
Master Diploma in Islamic Finance (MDIF) Certificate is awarded on completion of Semester-II


Additional Certifications Linked with MDIF

On completion of Master Diploma Certificate, students may also achieve

Certified Takaful Professional (CTP) certificate on equivalency
Certified Islamic Banker (CIB) certificate, if they complete an additional course on International Banking Operations and Laws
Certified Islamic Accounting Professional (CIAP) certificate, if they complete an additional course on Management Accounting
MBA in Islamic Banking and Finance degree, if they complete six (6) MBA core courses, which are divided into two semesters

Related links

Demo Lecture
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MDIF Course Outline
MDIF Eligibility & Fee
Our Alumni
Key Facts

100% Interactive Online Studies
6 to 7 Months Duration
Convenient for Busy Professional
Globally Accredited Certification
Job Oriented Qualification
Lectures by Shariah Scholars

Finance in Quran & Hadith

"a dirham of Riba which a man receives knowingly is worse than committing adultery thirty-six times. Hell befits him whose flesh has been nourished by the unlawful”

Hadith from Abdallah ibn Hanzalah (Shu'ab al-iman)

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Clients & Participants
  • Royal Bank of Canada
  • Saudi British Bank
  • Standard Chartered Bank
  • Thomson Reuters
  • Union Bank of Nigeria
  • United Bank of Africa
  • United Bank Qatar
  • Abu Dhabi Islamic Bank
  • ActionAid
  • Afghan United Bank
  • Axis Bank Ltd
  • Bahraini Saudi Bank
  • Bank Islam
  • Bank of America
  • Bank Saderat Iran
  • BankPHB
  • Barwa Bank
  • Commercial Bank of Kuwait
  • Deloitte
  • Doha Bank
  • Dow Jones Co
  • Dubai Islamic Bank
  • Emirates Bank
  • Ernst and Young
  • KPMG
  • Lebanese Canadian Bank
  • Lincoln Financial Group
  • Lloyds TSB Bank
  • PricewaterhouseCoopers
  • Qatar Islamic Bank
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