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About the IFQ

Who takes the IFQ?

The IFQ is a ground-breaking qualification that covers Islamic finance from both a technical and a sharia'a perspective.  It's appropriate for existing and new employees seeking a career in Islamic finance.

Why enroll in the IFQ?

The IFQ provides candidates with an understanding of the influence of sharia'a in a business context and prepares you to hold key positions in the Islamic finance and takaful (Islamic insurance) industries.  The syllabus is reviewed regularly to reflect developments in the fast changing world of Islamic financial services.  Obtaining this qualification demonstrates a benchmark level of understanding of Islamic finance.

What's on the syllabus?

The IFQ is gained by passing a two hour examination.  It covers the following topics:

  • The basics of Islamic banking and finance
  • Islamic law of contracts
  • Financial techniques applied by Islamic banks
  • Islamic asset and fund management
  • Sukuk market
  • Islamic insurance - takaful
  • Financial statements for Islamic banks
  • Islamic corporate governance

More detail

How much work is required?

We recommend 130 hours study plus course attendance.

When are the exams?

The IFQ is examined by multiple choice questions and is administered via computer-based testing and exams run throughout the year.  More detail