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PGD in Islamic Insurance & Risk Management


International Centre for Islamic Finance & Business

1. Course Overview

The Post Graduate Diploma in Islamic Banking and Finance of ICIFB is equivalent to Level 7 of the National Qualifications Framework of England, Wales and Northern Ireland of the United Kingdom.

The course is designed for students and professionals who are seeking to have advanced level understanding of the concepts and operating principles of Islamic banking and Finance.. Applying Islamic principles in banking in modern markets poses serious challenges for Islamic banks.PGD Islamic Banking & Finance addressed these issue in syllabus to fulfil the industry requirements. The course consists of 40 lectures Reading contained in 8 modules. On completion of the course students will be awarded the Post Graduate Diploma in Islamic Banking & Finance issued by the International Centre for Islamic Finance and Business United Kingdom.

2. Entry Requirement

  • Education Equivalent to UK Bachelor Degree.
  • High Level of competency in English.

3. Mode of Study

This course is offered on Distance Learning Method.

4. Tutor Support

After enrollment you will be assigned a tutor. Your tutor will support and guide you during your course.

5. Course Duration

The course should be completed in 12 months. An average of 20 hours a week is recommended for study and submitting assignments.

6. Assessment of Course

Course assessment is based on the combination of assignments and short questions.

7. Examination

After completion of eight modules a final question paper will send to student by ICIFB examination committee. Question paper contains short question and multiple choice questions. Student final result based on the marks of assignments and Final paper.

8. Course Fee

The course Fee is £ 910.

9. Payment of Fee

At the Time of Enrollment student has to pay minimum £10. If your application accepted by ICIFB Admission committee then you have to pay remaining (£900) fee. You can pay your fee by using our online fee payment method after login in your student portal given by ICIFB or by Bank Transfer.

Note: Nine Equal installment (£100 each) options is available for all students.

10. Cancellation and Refund Policy

If you wish to cancel your enrolment, you do so within the 14 days period of your initial fee payment date.

11. Extension Time for your Course

If you are unable to complete your course within the time frame for this course, you can apply for extension of time after filling course extension form.

Note: Extension fee is £100 for 3 months.

12. Grading System

Grade Description Marks
A Excellent 80-100
B Very good 70-79
C Good 60-69
D Satisfactory 50-59
E Un-satisfactory 0-49

Note: If your grade is E you have to resubmit your assignments.

Re-submission fee is £100.

13. Issuance of Certificate

After successful completion of course Diploma will be issued by ICIFB United Kingdom.

14. Syllabus for This Course

  • Module 1: Introduction to Takaful (Islamic Insurance)
  • Module 2: Risk Management and Takaful
  • Module 3: Islamic Contracts and Insurance
  • Module 4: Models and Procedures of Takaful
  • Module 5: Retakaful and Retakaful Companies
  • Module 6: AAOIFI and Takaful
  • Module 7: Current Issues In Takaful
  • Module 8: Research Methods For Takaful

15. How to apply

Fill online application form for enrollment in this course.

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