Course Overview
Islamic finance operates in 57+ jurisdictions, with a global market value of $3.06 trillion (2021) and an annual growth rate of 11.3%. By 2024-25, assets are expected to reach $3.69 trillion. Saudi Arabia, Malaysia, and Iran lead the sector, with Malaysia, Iran, and the GCC region holding about 85% of global Islamic banking assets. Interest in Islamic finance is also expanding in non-Muslim countries, including Europe.
The industry faces a shortage of 15,000+ professionals annually who possess both Islamic finance expertise and practical application skills. This gap cannot be filled by conventional finance professionals alone—it requires Ulama who have deep Islamic fiscal knowledge and the ability to navigate modern financial structures.
To bridge this gap, Madrasah Abdullah Ibne Masood (RA) introduces the Certificate Course in Islamic Finance for Ulama, Alim, and Alimah Students—a 12-week (3-month) program designed specifically for Islamic scholars and students currently studying Alimiyat. The carefully structured syllabus covers essential concepts in Islamic finance, banking, takaful, and economics, ensuring scholars gain both theoretical and practical expertise.
The course is delivered online on a weekly basis, covering core Islamic banking products, their operations, and AAOIFI Shari‘ah standards. It includes real-world case studies, providing insights into risks, regulatory challenges, and opportunities for innovation in Islamic finance.
| Details | Information |
|---|---|
| Instructor | Mufti and Islamic Banker from a reputed university |
| Duration | Once a week for 3 months |
| Start Date | To be decided |
| Sessions | Online (Recordings available only for the course duration) |
| Study Requirements | 3 hours of online class per week 8 hours of self-study per week |
| Eligibility | Alim & Alimah graduates from a recognized madrasa or higher education institution and students pursuing Alimiyat course |
| Timings | To be decided |
| Course Fee | ₹7200.00 For AIM students: ₹6500.00 |
| Certification | Upon successful completion, students will receive a Certification in Islamic Finance for Ulama, Alim, and Alimah Students |
Earn a certificate
Who should apply for this course
Alim (عالم) – Male Islamic Scholars
If you’ve completed your Alim course from a recognized madrasa and want to expand your expertise into Islamic finance, this course is for you. Whether you’re looking to guide financial institutions, serve as a Shariah advisor, or simply understand how Islamic finance works in today’s world, this program will equip you with practical knowledge.
Alimah (عالمہ) – Female Islamic Scholars
If you’re an Alimah graduate and want to explore opportunities in Shariah-compliant banking and finance, this course will help you bridge the gap between traditional Islamic knowledge and modern financial systems. It’s a great opportunity to develop the skills needed to advise businesses and financial institutions while staying true to Islamic principles.
Alimiyat Students – Future Islamic Scholars (Male & Female)
If you’re still studying in an Alim or Alimah program and want to get a head start in understanding Islamic finance, this course is a perfect fit. It will help you see how classical Islamic financial principles apply in real-world business and banking, preparing you for future roles as Shariah advisors, scholars, or finance professionals.
If you are an AIM student then be the first to apply.
Objectives of the Course
- To nurture a new generation of scholars interested in building a career in Islamic finance, enabling them to guide banks, financial institutions, and businesses in Shariah-compliant financial matters while serving the Ummah.
- To help madrasa students understand how traditional Islamic financial contracts have been adapted to meet the complexities of modern business and commerce.
- To provide scholars with practical insights into applying Islamic finance principles in corporate settings, particularly in managing business finances in compliance with Shariah.
- To highlight the challenges in transforming the Islamic banking and finance sector from a corrective approach to an innovative, forward-thinking model.
- To offer a comprehensive learning experience that equips participants with essential skills to explore and contribute to the expanding field of Islamic banking and finance.
- To develop a deep understanding of the Islamic economic system, differentiating it from Capitalism and Communism, to design sustainable financial strategies on a global scale.
![Madrasah Abdullah Ibne Masood [RA] Hyd. مدرسہ-عبداللہ-ابن-مسعودؓ](http://maim.co.in/wp-content/uploads/2021/04/aim@2-2-300x169.png)