☁️ CISI Islamic Finance Qualification (IFQ) - Exam-Prep

For bankers, advisers and finance students preparing the CISI Level 3 IFQ: master Shariah principles, Islamic contracts and products, and pass the 100-question exam with confidence. The course is organized into 11 modules, ending with a final exam (pass mark 70%). It is independent, free exam-preparation training — not an official or accredited review course.

What you'll learn

• The Basis of Islamic Banking & Finance: Faith, History and Economics
• Shariah, Its Sources and the Role of Shariah Boards
• Prohibited Elements: Riba, Gharar and Maysir
• The Islamic Law of Contracts
• Trade-Based Financing: Murabaha, Musawama, Salam and Istisna
• Leasing and Asset Finance: Ijara and Its Variants
• Profit-Sharing Partnerships: Mudaraba and Musharaka
• Islamic Current, Savings and Investment Accounts
• Islamic Capital Markets: Sukuk and Shariah-Compliant Funds
• Takaful: Islamic Insurance Principles and Models
• Corporate Governance, AAOIFI Standards and Shariah Compliance

Learning objectives

• Explain the religious, economic and historical foundations of Islamic banking and finance
• Identify the primary and secondary sources of Shariah and the role of Shariah scholars and boards
• Distinguish prohibited elements (riba, gharar, maysir) and the principles of permissible (halal) commerce
• Apply the Islamic law of contracts to sale, lease, partnership and agency transactions
• Describe core financing techniques: murabaha, musawama, salam, istisna, ijara, mudaraba and musharaka
• Analyse Islamic capital market instruments, including sukuk structures and Shariah-compliant funds
• Explain how takaful operates and how it differs from conventional insurance
• Sit the CISI IFQ exam confidently with timed practice on 100 multiple-choice questions at the 70% pass mark