Microfinance course syllabus

microfinance course syllabus

INTRODUCING ISLAMIC BANKING AND FINANCE INSTITUTE NIGERIA

THE ISLAMIC Banking and Financial Service has been the greatest modern innovation in the world of banking and finance. It is now one of the fastest growing sectors of the financial market. It is experiencing significant development; from being utilized only in a handful of Muslim-majority countries, it has expanded into viable and vibrant component of the global financial system.

The history of Islamic finance in Nigeria, in the formal sector, particularly banking, is recent. However, its potential is very high. This can be testified from the efforts of the Central Bank of Nigeria in releasing a Draft Framework for the Regulation and supervision of Non-Interest Banking system, as well as the positive pronouncements by Senior Officials of the Apex bank. Equally, the mutual cordial relationship between the Islamic Development Bank and the Federal Ministry of Finance is another testimony. Federal and State Institutions, as well as the private sector, especially Universal banks and Microfinance banks/Primary Mortgage institutions, have all indicated interest in Islamic financing.  Numerous seminars, symposium, conferences and workshops are frequently organized throughout the country.

The boom in the Islamic Finance industry witnessed across the world has opened the door for hundreds of thousands of jobs. As a result, there is now more than ever, a critical need for banking professionals who are grounded in their understanding of the substance and form of Islamic Finance. There is tremendous demand for competent manpower in Islamic finance and it is expected that as the industry expands the demand will increase. This is even more applicable to the Nigerian finance industry.

To match this growth in manpower demand, particularly in Nigeria and other West African Countries, The Islamic Banking and Finance Institute Nigeria and The Institute of Administration, Ahmadu Bello University, Zaria, and in close contact with industry professionals around the world, are introducing programs of study addressing the needs of   Institutions and individuals who may wish to gain knowledge and qualifications in the field of Islamic financial system. All programs are designed to provide professional qualifications to initiate a graduate into a career in Islamic banking and finance. The programs emphasize the practical aspects of Islamic banking while providing a fair grounding of the theoretical foundations of Islamic economic system.

Certificate in Islamic Banking and Finance [CIBF] Three Months Certificate in Islamic Banking and Finance

The three-month Certificate program is designed to provide a basic but comprehensive understanding of the principles, nature and forms of Islamic banking as is relevant to those entering and/or working in the financial service industry. It also assists Executives that are considering the offering of Islamic banking and financial services, in developing a business case by understanding the basic requirements and dynamics of the sector.

Course Objectives

  1. To provide students with the fundamental knowledge of Islamic banking and finance.
  2. To train students in the instruments and techniques used in the Islamic banking and finance.
  3. To provide an intellectually stimulating environment in which students can develop their knowledge, understanding and analysis of Islamic banking and financial system.
  4. To train executives desiring specializing in Islamic banking and finance in order to assist expansion in the banking and finance industry.
  5. To provide opportunity for students in related disciplines to pursue a Certificate in Islamic Banking and Finance in order to prepare them to enter into the job market in Islamic banking and finance.

Structure and Duration

The Program is to be run on weekends [Fridays and Saturdays], to suit the working hours of professionals. It is structured for three months duration, of 12 weeks, one semester. A student should complete 8 courses of 12 credit hours each, for a total equivalent of 96 credit hours for graduation.

Course Content/Syllabus

  1. Issues in Islamic Economics and Finance
  2. Islamic Banking operations
  3. Introduction to Islamic Commercial  Law and Contract
  4. Corporate Governance, Risk Management and Regulation in Islamic Banking
  5. Principles of  Islamic Capital Market, Bond [Sukuk] and Insurance [Takaful]
  6. Principles of Microfinance
  7. Marketing of Islamic Banking Products
  8. Case Study
Pre-requites

The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance either with (a) banking or finance operations/management experience of up to two years or (b) a business, commerce, banking, finance or any social science National Diploma or equivalent certificate from a recognized university or Polytechnic. A variety of professional qualifications are recognized as meeting this standard.

Teaching and Learning Methods

  1. The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  2. Contact and feedback is typically provided through projects, coursework assessments (eg. Essays, tests etc), lectures, seminars, groupwork, and one-to-one contact with staff within the personal tutoring system.
Attendance and Assessment
  1. For each module of the program, a student is required to attend 12 in-class hours, complete the required written assignments and pass the final examination.
  2. All students are required to ensure a MINIMUM attendance of 70% in order to qualify to sit the final examinations.
  3. A participant must achieve a minimum mark of 50% to pass each module.
  4. Students who fail a Module would be entitled to a resit examination.
  5. A Participant who could not pass the resit examination would be entitled to a Certificate of Attendance.
  6. Each Module may also have specific requirements that may need to be met in order to gain credit for the module.
Fees

The Program fee structure is as follows:

Application processing fees                                 =N5,000

Course fees/other fees                                         =N180,000

All fees are paid in advance.

Associate Certificate in Islamic Banking & Finance [ACIBF] Structure and Duration

The Program is to be run on weekends [Fridays and Saturdays], to suit the working hours of professionals. It is structured for one month duration, of 4 weeks. A student should complete 4 courses of 12 credit hours each, for a total equivalent of 48 credit hours for graduation.

Course Content/Syllabus

  1. Issues in Islamic Economics and Finance
  2. Islamic Banking Operations
  3. Corporate Governance, Risk Management and Regulation in Islamic Banking
  4. Marketing Islamic Banking Products

Pre-requites

The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance, or have the desire and interest to acquire knowledge of Islamic banking and finance.

Teaching and Learning Methods

  1. The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  2. Contact and feedback is typically provided through coursework, assessments (eg. Essays, tests etc), lectures, seminars, groupwork, and one-to-one contact with staff within the personal tutoring system.
Attendance and Assessment
  1. For each module of the program, a student is required to attend 12 in-class hours, complete the required written

    assignments and write the final examination.

  2. All students are required to ensure a MINIMUM attendance of 70% in order to qualify for a Certificate.

    The Program fee structure is as follows:

    Application processing fees                                 =N10,000

    Course/other fees                                                  =N250,000

    All fees are paid in advance.

    Associate Certificate in Islamic Microfinance [ACIM] Structure and Duration

    This program is specifically designed to meet the requirements of Microfinance Institutions. The Program is to be run on weekends [Fridays and Saturdays], to suit the working hours of professionals. It is structured for one month duration, of 4 weeks. A student should complete 4 courses of 12 credit hours each, for a total equivalent of 48 credit hours for graduation.

    Course Content/Syllabus

    1. Issues in Islamic Economics and Finance
    2. Islamic Banking Operations
    3. Principles of Microfinance
    4. Corporate Governance, Risk Management and Regulation in Islamic Banking
    Pre-requites

    The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance, or have the desire and interest to acquire knowledge of how Islamic banking and finance and be appropriate and applicable in Microfinance Institutions.

    Teaching and Learning Methods

    1. The Learning and Teaching is provided through lectures, seminars, group work and case studies.
    2. Contact and feedback is typically provided through coursework assessments (eg. Essays, tests etc), lectures, seminars, groupwork, and one-to-one contact with staff within the personal tutoring system.
    Attendance and Assessment
    1. For each module of the program, a student is required to attend 12 in-class hours, complete the required written assignments and write the final examination.
    2. All students are required to ensure a MINIMUM attendance of 70% in order to qualify to sit the final examinations.
    Fees

    The Program fee structure is as follows:

    Application processing fees                                 =N10,000

    Course/other fees                                                  =N250,000

    All fees are paid in advance.

    Executive Associate Certificate in Islamic Banking and Finance [EACIBF] One Week Executive Certificate in Islamic Banking and Finance

    The one week Executive Certificate program is developed for Executives and Decision Makers in the Financial, Private and Public sectors who may be interested in acquiring knowledge in Islamic banking and financial system. It is designed to provide a basic but comprehensive understanding of the principles, nature and forms of Islamic banking and finance. It also provides a practical guide in the creation/conversion and operation of an Islamic Banking Window in a conventional Bank. The course will assist Executives that are considering the offering of Islamic financial services, in developing a business case by understanding the requirements and dynamics of the sector.

    Course Objectives

    1. To train Executives desiring specialization in Islamic banking and finance in order to assist expansion in the banking industry.
    2. To introduce participants to instruments and techniques used in Islamic banking and finance, and appreciate the theoretical and practical aspects of Islamic financial engineering.
    3. To develop a sound understanding of the Islamic legal principles and doctrines associated with Islamic finance.
    4. To assist participants to develop the ability to critically evaluate the nature and economic benefits of various types of Portfolio investments; and reflect on the roles, skills and responsibilities needed for effective management of the Portfolio.
    5. To provide participants with the knowledge of the roles, skills and responsibilities needed for effective management and corporate governance of an Islamic Bank.
    Structure and Duration Course Contents/Syllabus
    1. Issues in Islamic Economics and Finance
    2. Islamic Banking Operations
    3. Introduction to Islamic Commercial Law and Contract
    4. Corporate Governance, Risk Management and Regulation in Islamic Banking
    5. Marketing Islamic Banking Products
    Pre-requites

    The program is intended for Middle and Senior Management Executives who want to explore opportunities in the area of Islamic Banking and Finance in their organizations and/or are looking to increase their own personal development in the field. Typical job titles, amongst others, include:

    Click this link to see the Course Syllabus of IBFIN
    1. Chief Executive Officers [CEO]/Deputy CEOs
    2. Managing Directors/Deputy MDs
    3. General Managers/Deputy/Assistant MDs
    4. Board Directors
    5. Specialist Managers responsible for business development and strategic planning
    6. Head of Human Resources
    Teaching and Learning Methods
    1. The Learning and Teaching is provided through lectures, seminars, group work and case studies.
    2. Contact and feedback is typically provided through coursework assessments (eg. Essays, tests etc), lectures, seminars, groupwork, and one-to-one contact with staff within the personal tutoring system.
    3. Class size shall not exceed 20 participants.
    Attendance and Assessment Fees IN-HOUSE TRAINING

    All Programs listed above can be customized and conducted in-house. Any specific needs and requirements can be tailored to suit your organization’s goals and objectives. Other programs that are not listed in our traing calendar can also be exploited. If you wish to discuss the possibility of having an In-house training program for your organization, please contact the Program Coordinator at the Institute of Administration, ABU Zaria or The Islamic Banking and Finance Institute Nigeria, Abuja. Click this link to see the Course Syllabus of IBFIN

    CONSULTANCY SERVICES IBFI

    shall provide professional Islamic Consultancy services to its corporate and individual clients through a diligent team comprising of Ulamas and contemporary financial experts in order to make their overall business transactions shari’ah compliant. Some of our consultancy services include:

    • Comprehensive Consulting:
      1. End-to-end consulting services to establish a stand-alone Islamic bank (Commercial or Microfinance)
      2. End-to-end consulting services to convert conventional (Commercial or Microfinance) bank to Islamic bank.
      3. Consulting to establish an Islamic bank subsidiary for a conventional bank.
      4. Consulting to establish an Islamic banking branch for a conventional bank.
      5. Consulting to establish an Islamic banking window for a conventional bank.

Product development and enhancement:

consulting services to develop new Islamic (shari’ah) compliant products and services, as well as enhance the existing products and services by a detailed gap analysis against the best practices. Click this link to see the Course Syllabus of IBFIN

will provide competent, well trained and highly motivated personnel as representatives or supervisors on behalf of corporate financiers as well as individuals in the execution of Islamic financial transactions in such areas as Mudarabah, Musharakah, Murabaha, Ijarah, Salam, Istisna, etc.
  • Provide necessary support mechanism for all Islamic financial transactions in such areas as:
  • Market Studies.
  • Research/Survey
  • Feasibility Studies.
  • Islamic Mutual Funds.
  • Islamic Capital Markets.
  • Sukuk—Islamic Bonds.
  • Takaful—Islamic Insurance.
  • Specialized Programs.
  • Shari’ah Vetting and Documentation: ABU/IBFIN provides Shari’ah vetting of legal documentation being used or to be used for Islamic financial transactions.
  • Assistance in evaluating and hiring employee: ABU/IBFIN provides assistance in staff evaluation and recruitment.

    http://www.abu.edu.ng/event/ibfin.php microfinance course syllabus

    Source: www.abu.edu.ng

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