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Certified Islamic Finance Consultant®



EUCLID (Euclid University) offers both an an online / distance MBA in Islamic Finance as well as a professional certification called CIFC: Certified Islamic Finance Consultant.

Note: Euclid is an educational partner of the Islamic Chamber of Commerce and Industry (an affiliated institution of the Organition of the Islamic Conference).

This certification program does not assumes a strong background in business and economics. Furthermore, enrollment is open to Muslims and non-Muslims alike.

However, it does assume the following:

an ability to study and master calculus and foundation tools of quantitative (mathematical) finance

an ability to read, understand and memorize large amounts of information since the reading assignments are significant

interest and respect for Islamic and the underlying principles of Islam.

Arabic is not a requirement but students will be expected to absolutely master Islamic Finance terminology in Arabic.


This islamic finance professional certification represents 22 ECTS / 15 US credit hours of academic coursework. It compliant with Bologna Process guidelines and comes with a full ECTS documentation / transcript + diploma supplement.

This represents a total tuition of $2,850.


The module sequence is as follows:

Economics / Global Economics Review
(MBA-ECO) (2 UCH / 3 ECTS)

International Finance and Banking Review
(IFB-01) (2 UCH / 3 ECTS)

Quantitative Finance Review
(QFIN-401) (3 UCH / 4.5 ECTS)

Islam, Islamic Law and the Islamic World
(ISL-01) (1 UCH / 1.5 ECTS)

Islamic Economics
(ISL-ECO) (4 UCH / 6 ECTS)

Foundation and Principles of Islamic Banking and Finance
(ISF-440) (4 UCH / 6 ECTS)

Foundation and Principles of Islamic Insurance
(ISF-442) (4 UCH / 6 ECTS)

Advanced Studies in Islamic Finance 1
(ISF-500) (2 UCH / 3 ECTS)

Advanced Studies in Islamic Finance 2
(ISF-550) (2 UCH / 3 ECTS)

Case studies: Major Islamic Finance Institutions
(ISF-800) (2 UCH / 3 ECTS)

(To download the detailed syllabus for each course, see below)



Download the comprehensive program documentation with syllabi for all courses

Tuition information

Online pre-registration

Admission Checklist

MOU Agreement with ICCI + Information on ICCI scholarships

Also recommended:Professional Certifications in Islamic Finance: Certified Islamic Finance Consultant®



EUCLID (Pôle Universitaire Euclide | Euclid University)
A treaty-based organization with international liaison and representative offices in:
New York, Washington DC, Geneva, Brussels, Berlin

Headquarters: Banjul, The Gambia
Historic Headquarters and Official CB/IRD Office: Bangui, C.A.R.

Email: [email protected] | Find us on Google+

Institutional High Steward: (Prime Minister) Faustin Touadéra, PhD (Mathematics; Lille, France)

Diplomatic and Academic High Steward: Ambassador Juan Avila, PhD (Education; Fordham, USA)


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