Post Graduate Diploma in IslamicBanking & Finance (PGDIBF)

(Effective from 1st January 2015)

# 12-2-800/445, Dilshad Nagar, Mehdipatnam, Hyderabad-500028, Telangana, India.E-Mail: info@islamicbankinst.com | Website : www.islamicbankinst.com

Tel: 91-40-23522847

The Instituteof

Islamic Banking & Finance

CAUTION: No part or parts of this material including title design should be transmitted, copied or reproduced in any form without written permission of the Institute. Any unauthorized use by individuals/organizations will be liable for appropriate legal action.

# 12-2-800/445, Dilshad Nagar, Mehdipatnam, Hyderabad-500028, Telangana, India.E-Mail: info@islamicbankinst.com | Website : www.islamicbankinst.com

Tel: 91-40-23522847

INDEX

1. About the Dean

2. The Institute profile

3. International Advisory Board

4. The Gateway Program

5. Registration

6. Marks and grant of Grades

7. Few of our alumni – Indian and Overseas

8. Global presence of IIBF represented by National flags

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DEAN OF THE INSTITUTE

MBA (USA) CAIIB, B.Sc.Ag

Alumnus, Stephen .M.Ross School of Business Administration

University of Michigan, Ann Arbor, USA

Former General Manager, Faisal Islamic Bank of Kibris Ltd.

Turkish Republic of North Cyprus

&

Al Ameen Islamic Financial & Investment Corporation (India) Ltd.

Acclaimed Corporate Trainer for leading Information Technology Companies

in India for professionals handling Islamic Banking & Finance domain software

development and testing for leading Islamic banks worldwide

M.A.Majeed Zubair

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ABOUT THE DEAN

The Institute of Islamic Banking and Finance is India's first and onlyof its kind professional institution in this field conceived and foundedby M.A.Majeed. A practicing professional Islamic Banker, Alumnus of School of Business Administration, University of Michigan,USA.Trained by the Islamic Foundation, Markfield, Leicester, UK in Islamic Economics, banking and finance, He is the former GeneralManager, Faisal Islamic bank of Kibris, Turkish North Cyprus and Cyprus Islamic Off Shore Bank Ltd. He is an Associate Member of the Institute of Banking and Finance, India and Member Institute of Bankers, London,UK.He has more than thirty years of experience in conventional and Islamicbanking having worked with a leading Indian commercial Bank for seventeen years and as General Manager of Al Ameen Islamic Financial& Investment Corporation (India) ltd. He was a special invitee to Islamic Republic of Iran as a special guest of the Central Bank of Iran to study the Islamic banking system in the country.Hewas also a special invitee to the Silver Jubilee celebrations of Islamic Development Bank, Jeddah, and KSA .Invited to attend Islamic Finance Informationprogram by Harvard University USA. Invited to various national and international seminars in India and abroad. Guided a number of studentsin India and abroad in thesis/dissertation for obtaining Master's and Doctorate degrees by various Universities. He has visited a number of countries including USA, UK, Iran, Turkey, and UAE. Bahrain and Cyprus. The Dean is a well known and acclaimed corporate Trainer forleading Information Technology companies in India for training software professionals in designing and testing of software in Islamicbanking and Finance domain.

THE INSTITUTE PROFILE

The Institute of Islamic Banking and Finance incorporated with the Government of Andhra Pradesh at Hyderabad under Public Societies Registration Act-1995 in 1996 is the country's maiden attempt at institutionalizing education at all levels in the fieldsof Islamic Economics, Banking and Finance. The Institute is a registered nonprofit, equal opportunity entity with no discrimination on the basis of religion, caste, colourcreed or gender. It enjoys total autonomy in matters of education and training and designing of course material and conduct of training programs. Structurally the Institutefunctions on the lines of different professional bodies like the Institute of banking and Finance, The Institute of Chartered Accountants and Institute of Engineers working invarious countries worldwide. The Dean has the sole discretionary authority to design and implement all the educational and training programs, curriculum in consultationwith experts from the field for suggestions and guidance.

A few important aims and objectives of the Institute are;

1. To impart education and training to students desirous of getting acquainted with the laws of Islamic economics, banking and finance through self study,Open book assessment system based on Assignments and Project work only with no formal exams or contact sessions/classes/study centres.2. To organize Executive Development Programs for working executives,graduates from India and all over the world in the field of Islamic banking and finance.3. To conduct corporate training programs in the field of Islamic banking and Finance for Information Technology companies to train software professional in the domain of Islamic banking and Finance in developing and testing software.4. To conduct extension lectures,organize and attend conferences and seminars on relevant subjects and to present theme papers wherever invited.5. To guide students for their thesis and dissertation for various Indian and Foreign Universities in pursuance of their Graduate or Doctoral programs.6. To discuss, negotiate and finalize tie ups with Indian and foreign Universities, professional bodies, similar institutes and organizations to promote and further strengthen Islamic Banking and financial system.7. To invite foreign expertise in the field of education of management sciences with particular reference e to Islamic banking and Finance.8. To enter into contracts with foreign organizations, institutions, professional bodies to arrange exchange of information and personnel connected with the subject.9. To edit and publish a weekly, monthly, quarterly or annual journal or publication in the field of Islamic banking and Finance.10. To design suitable tailor made courses to suit specific customized requirements of clients as per individual specifications and to arrange to deliver the same.

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3. PROF.JOHN PRESLEY Department of Economics Loughborough University Loughborough U.K

4. DR.S.NAZIM ALI Director of Operations Harvard Islamic Finance Information Program Harvard University U.S.A (Courtesy technical consultation only)

(Names of other eminent members who have consented to be on theBoard but requested their names not to be published have been omittedfrom the list)

INTERNATIONAL ADVISORY BOARD

1. DR.M.UMAR CHAPRA Former Senior Economic Advisor,Saudi Arabian Monetary Agency Advisor,Islamic Research and Training Institute Islamic Development Bank – Jeddah,Kingdom of Saudi Arabia

2. DR.SAMIR ABID SHAIKH Former Secretary General International Association of Islamic Banks

THE GATEWAY PROGRAM

Post Graduate Diploma in Islamic Banking and Finance(Unique program based on self study, submission of assignmentsand an independent project work)

This is an exclusive threshold Gateway Program designed to offer knowledgeresource in a comprehensive and compact manner motivating students to explorefurther avenues of knowledge of this rapidly expanding and vast global Islamic banking and finance field. The course is designed by an experienced, highly trained and practicing Islamic banker in such a manner that the student learnsat his/her own convenience and feels an urge while pursuing the course to gathermore information from various sources by browsing a large number of websites on Islamic Banking and Finance. The onus of learning is on the student and the focus is shifted from teaching oriented to learning oriented method.

Eligibility:Graduates in any discipline from any recognized University from India or abroad with simple ability to understand and express in English language as the entire course is designed in the same language. Students from religious schools (Madrassas) who havecompleted a course in Aalim/Faazil equivalent to graduation are also eligible. Those who are studying in the final year of graduation and are likely to complete within one year can also register but the Diploma will be awarded to them only on submission of Graduation Certificate issued by the University.

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Duration:The standard duration of the course is one year and as it is based on self studymodel with no formal scheduled annual/half yearly exams,open ended,hop inand hop out program with a unique system of Flexible Learning Convenience.The student can complete the course within one year by prompt submission of FIVE assignments and project work. Some students have completed the course within six months with exemplary performance and excellent grades.

Course content and syllabus: The course is designed to cover exhaustively the subject of Islamic economics, banking and finance in a manner where precision and brevity has been takencare of. This professional course being a Diploma at Post Graduate level doesnot go into great details of this vast subject but restricts itself to cover the essential aspects of the subject from an operational view point. The study material provided is not in the form of text books but as study work books divided into Modules and various chapters so that the subject is effectivelydealt with and details provided only where they are a must. There are six modulesa l l independent of each o ther and sub d iv ided in to chapters .

MODULE - II :- Chapter 1: Islamic EconomicsChapter 2: Conventional EconomicsChapter 3: Distributive justice in IslamChapter 4: FIQH-Islamic Financial jurisprudenceChapter 5: Profit Vs Bank interest

MODULE - III :- Chapter 1: Monetary policy in Islamic perspective Chapter 2: Major problems being faced by Islamic banks Chapter 3: Introduction to Islamic Economics ,Banking and Finance Chapter 4: Islamic Banking in theory and practice Chapter 5: Islamic financial institutions in India – historical back ground ,present status and future strategy Chapter 6: Compendium of Fatwas prohibiting bank interest Chapter 7: Resolutions, recommendations of Al Baraka's symposia on Islamic economy.

Chapter 1: Religious perspective - Background with socio ethical aspects of Islamic Economics, Banking and FinanceChapter 2: Principles and practice of Islamic financing

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MODULE - I :- From the Dean's desk - Global round up - Islamic Banking and Finance

MODULE - VI :- Recapitulation and Electives specialization.

E-SESSIONS, PINK PAGE ALERT AND MATERIALON E-SESSIONS

Under B-Learning mode the student is provided with a separate CD comprising of 18 E-Sessions on various topics which form part of the study material. In theModules the student will come across a PINK PAGE giving an alert that the student has to continue to study further from the CD under E-Sessions. Ass ignment ques t ions wi l l a lso be based on E-Sess ions . For E-Learning students the E sessions are embedded in the Study Material CD.

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MODULE - IV :-Chapter 1: Public finance in Islam-study of Zakah,Ushr and KharajChapter 2: Islamic Finance in Tax perspectiveChapter 3: TAKAFUL (Islamic Insurance)Chapter 4: Islamic Fund Management & Securities MarketChapter 5: Islamic Credit Cards

MODULE - V :- Chapter 1: Operational Islamic Banking Detailed study of Ijarah, Ijarah wa Iktina, Murabaha, Musharika, Modaraba, Muzara, Istisnaa, Salam & Qard-e-Hasan. Chapter 2: Documents and documentationChapter 3: Islamic Micro financeChapter 4: Islamic Investment Banking detailed study of Islamic Mutual Funds, Islamic Bonds – (SUKUK), Islamic Investment banking,

Islamic Private Banking, Private Equity andIslamic Wealth Management

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REGISTRATION

Modes, Methods, procedure, options and formalities

I. ONLINE REGISTRATION :The candidate who visits our website www.islamicbankinst.com will go to the Home Page and when the last link REGISTRATION is clicked a page pops up and the candidate should fill in all the mandatory fields including E Mail ID and submit. Instantly the mail is received into the Institute mail box and an automated reply is sent to the student which will consist of an Enquiry Response Package (ERP) comprising of a letter, E-Prospectus, E-Registration Form andSpecial instructions to students,if any. The candidate has to fill up the RegistrationForm completely in all the columns, affix one photograph in the space provided, sign, mention the details of Course Fee remittance as given in the form,scan and

(a) Direct Cash Deposit into our account :

The candidate may visit the nearest branch of Oriental Bank of Commerce (if convenient) and deposit the Course Fee amount in cash into our account free of cost as per the details given at the end of this page. The amount is credited instantly and the Institute gets an SMS about the same.

(b) Through NEFT-National Electronic Fund Transfer :The candidate can remit the Course amount from his/her own bank by visiting the branch, through mobile banking or other electronic means subject to the facility offered by their bank. The details for NEFT are given below. The Institute will get SMS immediately on credit to its account.

Name of the Account : The Institute of Islamic Banking and FinanceName of the Bank : Oriental Bank of CommerceName of the branch : Mehdipatnam, Hyderabad Account Number : 1058 2010 660 520Nature of Account : SAVINGS IFSC CODE : ORBC0100684

The candidate has the option of remitting the course fee through any of theTWO banks given below subject to the convenience of branch location and network.

E mail the form to the Institute.

Using similar procedure direct deposit of cash or remittance through NEFT can also be done into our account with Bank of India.

Name of the Bank : Bank of IndiaName of the Branch : Mehdipatnam, HyderabadAccount number : 8628 1011 0009 856 Nature of Account : SAVINGSIFSC CODE : BKID0008628

Candidates from Hyderabad, Secunderabad and other GHMC areas can register in person by calling on the Institute with duly filled up Registration Form and the course fee can be paid in cash and the study material collected on the spot in person.

Such of those candidates who do not have access to banks or are not aware of formalitiesmay download the Registration Form ,fill it up completely and attach a Demand Draft for the Course Fee amount obtained from any Bank payable at Hyderabad favouring the Institute and send the same by Registered or Speed Post.

COURSE FEES DETAILS :

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POSTAL REGISTRATION :

Sl. No. MODE OF LEARNING AMOUNT (Rs.) STUDY MATERIAL

1 B-Learning

E-Learning

Dual-Learning

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3

9,000/-

9,000/-

10,000/-

6 Modules in 3 Books and an E-Sessions CD

The entire material in PDF formaton a single CD with E-Sessions

embedded

3 Books and 2 CD’s

DISPATCH OF STUDY MATERIAL :Once the Registration Form and Course fee remittance are received and found in order the candidate will be registered and an ID Number allotted for alloutstation candidates anywhere in India and the study material as per the preference tickedin the Registration Form, that is B-Learning, E-Learning or Dual-Learning alongwith ID Card and instruction note will be dispatched by India Government SpeedPost and it may take 2-4 days to reach depending on the destination. The studentmust promptly acknowledge receipt of the material as an E mail will be promptlysent after dispatch giving the details.

After registration the student is given ONE MONTH study time for studying Modules - I & II only. After this depending on the mode of learning Assignmentquestions will be either E mailed (for Dual and E-Learning students) or Hardcopy (B-Learning students) sent by Speed Post/Courier the student may answer thesame as per their preference either by E mail or send hard copy by Speed Post. Even B-Learning students can avail the facility of sending assignments by E mail with prior permission of the Institute. Any student desirous of receivingthe Assignments before this time, but not earlier than 15 days can send an

Assignments, if sent in hard copy must be sent by reputed Courier companiesor by Speed Post only. The Institute will not be responsible for any mishandling

Apart from the study material the students are advised to browse various sites on Islamic banking and finance to update their knowledge of the subject.

E mail requesting the same.

EVALUATION BY FACULTY AND GRADE REPORTS:

The Institute engages its senior alumni as evaluating faculty across the countryand Assignments are sent to them for evaluation. The Institute will receive the evaluated copy and Marks allotment details on email which are verified and an Assignment Grade Report (AGR) is prepared and either E mailed or sentby Speed Post/Courier to the student.This process takes about ten working days and students are requested NOT to send reminder mails enquiring about their grades.Evaluation of Assignments and grant of grades by faculty will be FINAL and requests, if any, received from the students for re evaluation etc will not beentertained.

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STUDY SCHEDULE AND ASSIGNMENT SUBMISSIONGUIDELINES :

or loss in transit of the Assignments if any.

GRADES:

GRADE

MODULE WISE GRANT OF GRADES :

I & II

III & IV

V PHASE I

V PHASE II

VI

200

200

250

250

100

1000TOTAL

CANCELLATION OF REGISTRATIONStudents are informed that those who do not complete the Course WITHINONE YEAR from date of registration the same will be cancelled and the studentwill have to register fresh for the Course subject to approval by the Institute and to the course currently in vogue and not for past versions. The course fee for re registration cases will be decided by the Institute and shall be final.

PROJECT WORK:Apart from submission of five assignments the student is required to submit aProject work on the topic approved by the Institute. Detailed guidelines for project work will be sent to the student once the Assignments stage is successfullycompleted. The student has to send the Project work in two sets one will be returned to the student duly attested.

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MODULE(S) TOTAL MARKS

Note : Failure Grade students to re submit the Assignments. Students scoring more than 95% in aggregate will be awarded Distinction.

91-100

% MARKS

81-90

71-80

61-70

Below 60

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B

C

D

F

GRANT OF FINAL GRADES:Based on the marks obtained in the five assignments and the project work the final grade will be awarded. Assignment Marks awarded for 1000 will be reduced to 40% and 60% marks will be allotted for project work. Total Marks will be aggregated out of 100 and the final grade awarded. After completion of academic formalities the student has to submit a self attested degree copyand other associated formalities before the Diploma is processed for issue.

GRANT OF DIPLOMA:On successful completion of the five assignments and the project work the student will be awarded the Post Graduate Diploma in Islamic Banking andFinance. This will be a hard copy indicating the marks scored in all assignmentsand the project work and the Final Grade awarded. The Diploma is signed andsealed for authenticity. Students will be required to send by e mail the latest photograph to be printed on the diploma and the correct spelling of their names.It should be noted that in most cases the Diploma soft copy is e mailed to the Instituteby the prospective employer or the University where the student either appliesfor job or higher studies for confirming the genuineness of the same. Hence, thestudent should provide the same details for verification.

(1) The Institute is a premier institution of learning and maintains quite high standards of efficiency in its functioning, use of language in correspondence and response on telephone and expects the same from students. Unreasonable and impermissible requests like addition of forgotten or overlooked sheets /sections/answers in assignments, to make corrections in the students

(2) The Dean is available to students for any academic purpose or for requesting participation in seminars/conferences etc arranged by the students. For this the students should seek prior appointment and meet the Dean.(3) The above rules are presently in force and likely to be changed at Institute's discretion any time in future without notice.

CAREER OPPORTUNITIES:Like any other emerging field Islamic banking and Finance is a fast emergingfield with vast potential for human resources of a variety of skills and talents with strong knowledge resource component. This course will be value addition to the student's Curriculum Vitae that is what is looked for by many employersin the field.The student should note one aspect very carefully that Islamic banksor Islamic Financial institutions do not entrust hiring to third parties known asplacement agencies. Their requirements are specific and they display on their websites and prefer that the candidate approach them direct. Some of our alumniare well placed in leading Islamic financial institutions in the GCC region andelsewhere strongly supported by this qualification.

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GENERAL RULES AND REGULATIONS:

assignments on their behalf are not entertained.

FEW OF OUR ALUMNIINDIAN AND OVERSEAS

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FEW OF OUR ALUMNIINDIAN AND OVERSEAS

1. Abu Dhabi

2. Afghanistan

3. Algeria

4. Australia

5. Bangladesh

6. China

7. Czech Republic

8. Dubai

9. France

10. Hong Kong

11. Indonesia

12. Iran

13. Kuwait

14. Malaysia

15. Mauritius

16. Muscat

17. Qatar

18. Sharjah

19. Saudi Arabia

20. Sweden

21. USA

22. UK

23. West Indies

24. Yemen

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GLOBAL PRESENCE OF IIBF REPRESENTED BY NATIONAL FLAGS