ISLAMIC FINANCE COLLEGE ( SPECIALIZED PROFESSIONAL DIPLOMAS)

REGISTRAR WELCOME ADDRESS
Welcome to ISLAMIC FINANCE COLLEGE{IFC} A TRAINING SCHOOL FOR IIAFNIGERIA

ISLAMIC FINANCE COLLEGE combines genuine excellence and wonderful diversity on a scale that is unmatched anywhere.

No Islamic Finance School has done more to shape Islamic Banking or Finance education.

The unique strength of our community is that it brings together, from around the world, so many exceptionally talented people of different backgrounds, lived experiences, interests, ambitions, approaches, methodologies, and perspectives.

At IFC, we don’t look alike; we don’t think alike, we don’t come from the same place. Here, you don’t have to do any particular thing, in any particular way. Whoever you are, whatever you are, whatever you do, however you do it, IFC is a place where you can thrive.

The best Islamic Experts, the best teachers, the best public servants, the best entrepreneurs, the best leaders are those who take opposing arguments seriously, who listen generously, and who approach others with empathy and respect.

At IFC, our difference and our diversity are a source of strength that we cherish. It makes this an exciting and productive community in which to study, to teach, to write, to debate, to explore, to question, to innovate, to advocate, and to pursue the highest ideals of Islamic Injunctions.

Our website introduces you to the many paths of becoming Islamic Finance Professional, learn, work and grow at ISLAMIC FINANCE COLLEGE.

As our impressive network of alumni/Members demonstrates through the path breaking work, these individuals do across countless fields of endeavor, no Islamic finance school in Africa better prepares professionals and leaders for a changing world than does ISLAMIC FINANCE COLLEGE. I encourage you to spend some time to get to know IFC AND IIAFNIGERIA and all that it offers

All best regards,

PROFESSOR ASIWAJU BUSARI SHAAMSUDDEEN AKANDE
PhD,CIFE,CFIP,CIFA,CFCIF,CGBA,CMA,CPA,DFPFM,FCILG,FCIML,FCGA,FFA
REGISTRAR/CHIEF EXECUTIVE OFFICER
ISLAMIC FINANCE COLLEGE
ISLAMIC INSTITUTE OF ACCOUNTING AND FINANCE OF NIGERIA









Brief IIAFNIGERIA

The Islamic Institute of Accounting and Finance of Nigeria [IIAFNIGERIA] is registered body, set up under license of the Federal Government of Nigeria granted by Registrar of Corporate Affairs Commission and is functioning in Nigeria in regional and international level.

IIAFNIGERIA was established in 2010 as the first recognized professional Islamic body providing the education and training in Islamic Accounting and Finance, Forensic Accounting and Auditing, Corporate Government and its allied areas.

In view of the increasing demand for a lower cadre qualification in Islamic finance to cater for junior level entry requirements of Islamic Financial Institutions, IIAFNIGERIA Board of Experts considered offering a Diploma level qualification by establishing ISLAMIC FINANCE COLLEGE, hence the need to approach Kwara State Ministry of Tertiary Education and Science and Technology for approval which was approved in 2016.

By this approval to operate, IFC will be approaching the National Board for Technical Education in nearest future for full Accreditation.

Meanwhile, all courses run by IIAFNIGERIA are fully accredited nationally and internationally by the following bodies
• Institute of Financial Consultants Canada
• Institute of Professional Financial Managers London
• Institute of Certified General Accountants , Pakistan
• Institute of Certified Public Accountants UK and Nigeria
• Institute of Forensic Accountants Pakistan
• American University of Business and Social Sciences USA for direct entry
• University of Bolton, UK for direct entry
• American Trinity University California USA for direct entry
• University of Commerce, Science and Business Administration, ESCAE, Benin Republic for direct entry
• University of Management, Benin Republic, Malaysia for direct entry

ISLAMIC FINANCE EDUCATION
CHANGING SOCIETY ONE PERSON AT A TIME

A certificate from Islamic Finance College lays the foundation for a successful career. We deliver an education tied to your interests and dreams
Introduction
Islamic Finance is becoming more prominent throughout the financial institutions of the world. It is growing from a niche industry to a mainstream part of finance. It is this switch that prompted IFC to develop the current structure of the qualification.
The IFC qualifications in Islamic Finance consist of the
• PROFESSIONAL Diploma in Islamic Finance
• PROFESSIONAL Advanced Diploma in Islamic Finance
• PROFESSIONAL Post Graduate Diploma in Islamic Finance


IF College is committed to a culture of study that is practical and celebrates excellence in teaching. Our Faculty and departments provide learning, experience which is intellectually fulfilling within and outside the classroom. In order to fulfill the Islamic Finance needs from the Islamic perspective, IIAFNIGERIA Board of Experts has worked collaboratively with the nations key industry players in developing the curriculum for this programme.

The collaboration aims to equip students with up to date knowledge and relevant skills to meet the global challenges and the requirements set by the Islamic Financial Institutions. This is true especially in the Islamic Financial world where there is a rapid demand for Islamic practice in finance industry. In fact, almost all the financial sectors integrate Islamic practice as a part of their system.

One of the most important factors in gearing towards the growth of productivity is the needs for qualified manpower in this area so that the industry will develop significantly and remain competitive in the global market.

To address this issue, the IFC Curriculum Development and Evaluation Division cooperated with the relevant Authorities to develop the Curriculum and thus introduce the Diploma qualifications. This programme gives the students a lot of opportunities to acquire the needed knowledge as well as to undergo industrial training during their 4TH MODULE in order to be exposed to the real working world particularly in Islamic Financial Institutions. This will give the students the knowledge and skills that are relevant to the needs of the Islamic finance industry.
Programme Educational Objectives
The PROFESSIONAL Diploma in Islamic Finance programme shall produce semi professional who are;
1. Knowledgeable, technically competent in Islamic Banking and Finance discipline and able to adapt themselves with new technological advancement and challenges in Islamic finance institutions
2. Effective in communication and bale to prepares them with social skills, leadership qualities and willing to be responsible towards developing country and community
3. Capable to solve Islamic banking and finance problems innovatively, creatively and ethically to secure organizations against internal and external security threats.
4. Able to demonstrate entrepreneurship skills and recognize the need of lifelong learning for successful career advancement

Who will benefit?
1. All staff working in the financial services sector who would like to be a part of this dynamic industry
2. Those currently working in Islamic finance who want to hone their skills and broaden their knowledge
3. Anyone wishing to enter the financial services sector and specialize in this dynamic subject area
4. Those in the legal and accounting profession who advise on Islamic issues
5. Anyone who has an interest in Islamic finance or companies wishing to trade in Islamic countries or who are seeking additional funding which might be Shariah compliant.

What You will Gain
professional Diploma in Islamic Finance [PDIF]

The diploma gives you a thorough knowledge of the theory that underpins Islamic finance. In addition you will develop practical skills to progress within Islamic finance, as well as understanding the regulations which govern it.

Your chosen specialism will be reflected in your Diploma title E.g, Professional Diploma in Islamic Finance [insurance}.

SPECIALIST ROUTES

Islamic Finance [Accounting and Finance] will suit you if you are interested in how organization finance their activities and how they keep track of their money
Islamic Finance [Cooperative Management] will suit if you are interested in how Cooperative Societies are run in accordance to Islamic Finance principles.
Islamic Finance [Banking and Takaful] will suit those interested in working with Islamic Banks and Insurance companies.

Upon completion of the diploma you can choose to progress your studies by either
1. Continuing on to complete the IFC Professional Advanced Diploma in Islamic Finance or
2. Transferring onto the operational level of the IIAFNIGERIA professional qualifications or
3. Progress to any accredited universities in Nigeria or foreign universities offering Islamic Finance at advanced starting entry point.

JOB PROSPECTS

The knowledge and skills that the students acquire from this programme will enable them to venture in the job market such as;
Assistant Bank Officer [at local and International level], Stock Broker, Zakat centre Administrator, Underwriter, Takaful Agent, Financial Consultant, Assistant Administrative Executive, Unit Trust Executive, Marketing Executive, Assistant Account Executive, Entrepreneur, Financial Planner

ACCREDITATION AND CONDITIONS FOR THE AWARD OF ISLAMIC FINAANCE COLLEGE CERTIFICATE
Distinction – GPA of 4.50 and above
Upper Credit- GPA of 3.50 – 4.49
Lower Credit- GPA of 2.50- 3.49
Pass - GPA of 2.00-2.49
Fail - GPA of below 2.00

REQUIREMENTS
FOR DIPLOMA STUDENTS

• Five credits in the SSCE/ GCE/ NABTEB, NECO or equivalents at not more than two (2) sittings obtained in subject relevant to the proposed field(s) of study.
• Teacher s Grade 11certificates with a minimum of five merits or its combination with any of the certificate listed under to obtain equivalent of five credits at O level.

PROBATION AND WITHDRAWAL FROM THE COLLEGE

Voluntary Withdrawal
Students may withdraw from the college at any time on completion of the official withdrawal forms obtainable from the office of the Registrar. Such student may retain grades in the course taken prior to the date of withdrawal. Student who withdraws voluntarily from the college, may, in order to be re-admitted, reapply to the Registrar who shall forward such application to the Academic board for reconsideration.

Unauthorized withdrawal
A student who cannot be traced by attendance of class, assignments, practical work and examinations for a semester shall be deemed to have absconded from the College, and would be regarded as having withdrawn from the College without the authority.

Withdrawal for Academic Reasons A student who is asked to withdraw on the ground of poor performance shall do so at the end of the academic year and shall not be considered for readmission until the expiration of one academic year from the date of withdrawal.

Withdrawn on Health Reasons A student may withdraw or may be asked to withdraw for health reasons, certified by an approved medical Officer.

Disciplinary withdrawal A student who, as a disciplinary measure is asked to withdraw shall never be readmitted into the College.

Time Limit for Re admission
A student who withdraws from the college for any reason other than disciplinary measure, and who is not re admitted within a period of two consecutive years from the date of his/her withdrawal, shall not be credited with any courses taken prior to withdrawal, should he/she return to the College.

If the student returns to the College before the expiration of one year , all the grades him/her. If, however, he/she returns after the expiration of one year, but before the expiration of two years, the Head of Department, subject to the approval of Academic Board, shall make a general assessment of the students performance in the courses takes prior to withdrawal and recommend those courses that can be credited to him/her.

Probation
Probation is a status granted to a student whose academic performance falls below an acceptable standard. A student, whose cumulative Grade point Average is below 1.00 at the end of a particular year of study, earns a period of probation for one academic session.

Withdrawal A candidate whose cumulative Grade point is average is below 1.00 at the end of particular period of probation should be required to withdraw from the College.

PRACTICAL TRAINING (12 HOURs CREDIT COURSE) With the approval of the Department, the Students MUST, choose to go to relevant organizations for practical training for a period of 32weeks. A written report on the practical training must be submitted to the Department within two weeks after the completion of practical training. Assessment of the practical training will be on a PASS/FAIL basis only.

PROFESSIONAL CERTIFICATE IN ISLAMIC FINANCE YEAR 1


Your first year will give you a good grounding in accounting, finance, management, marketing and Islamic finance foundations. This is an introductory year which will help you to make informed choice about your option choices in later years. You will study 85 credits in total.



PROFESSIONAL DIPLOMA IN ISLAMIC FINANCE YEAR TWO
You now enter a development year, assessing your progress and making initial decisions about your future.YOU WILL STUDY 60 CREDITS IN TOTAL


• PROFESSIONAL ADVANCED DIPLOMA IN ISLAMIC FINANCE YEAR 3

ONLY FOR GRADUATES/IFC DIPLOMA OR OND/NCE/HND HOLDERS

The Gateway Program
PROFESSIONAL ADVANCED Diploma in Islamic Finance is an exclusive threshold gateway program designed under full/distance learning mode to offer knowledge resource in a comprehensive and compact manner thereby motivating students to explore further avenues for knowledge of this fast expanding and vast global Islamic finance domain.

The course is designed by a professional Islamic Finance Expert in such a manner that the student learns at his/her convenience and feels an urge while pursuing the course to gather more information from various other sources by browsing a large number of websites on Islamic Banking and Finance.

An exposure to the practices and theory in Islamic Banking and Finance further develops the academic and practical aspects of students chosen area of study and reinforces your independent learning skills. The managerial perspective dominates curriculum design for the final semester. Courses such as Islamic Ethics and Corporate Governance and Islamic Financial Planning provide the necessary closure to the program