How I Learned Islamic Finance 
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How I Learned Islamic Finance

I wanted to learn Islamic Finance after experiencing the stress of interest-based lending and the continuous challenge of containing interest rate increases through ‘financial gymnastics’. Over the years I conducted much research and read various publications, but I studied with little structure or focus due to the breadth of the subject. The need to develop greater insight into Islamic Finance required a more structured approach.

When the first “Islamic" Bank in my home country collapsed because of poor governance and a superficial understanding of Islamic Finance principles, I became determined to grow my knowledge on this fascinating subject. I needed to structure my deep founded curiosity for Islamic Finance by pursuing a formal course in Islamic Finance.

Not having the privilege of full time study as my home country lacks such courses, and because I could not study at a foreign institution due to my commitments, I turned to the Net in search of credible online institutions. I was still wary of what I would discover around the online offerings including recognition, mode of delivery, quality of content and support. Having researched a number of institutions that offered courses on Islamic Finance, I opted for the Certified Islamic Finance Executive (CIFE) qualification with Ethica.

As a person that has been fortunate to have acquired many other qualifications over the years including international certifications, I am acutely aware of the importance of course content, relevance, application of new found knowledge and alignment to real life.

I found the CIFE course rigorous, well structured, fully supported, integrative, relevant with supported case studies and intriguing. The CIFE program provided me with a deeper understanding of a number of areas that I previously had superficial insight into. The modular approach of the course allows for better time management. The online method of delivery was a first for me. Ethica’s platform works well, supported by quality notes that require the student to really apply their mind and understand the dynamics of Islamic Finance.

My takings from the CIFE have triggered a number of interests that have resulted in further more focused research in a few areas of Islamic Finance coupled with critically questioning the need for accepting traditional banking and finance that we, as Muslims, have become accustomed to. I have also begun educating non-Muslims about Islamic Finance, where riba-free finance is available to anyone that wishes to move away from interest.

This opens a completely new chapter for many non-Muslims. The lack of understanding and perceived lack of availability of Islamic Finance products to the non-Muslim market offers a great opportunity to turn millions away from riba (interest) towards an alternate form of finance that is aligned not only with the Quran but other religious scriptures. It further offers opportunities in the areas of infrastructure financing, venture capital and traditional corporate finance, especially for emerging economies.

The Ethica team is well placed in the heart of the Islamic Finance industry and is exposed to the latest in this dynamic world that conventional riba based systems are uncomfortable with as it allows for the correct approach to financing for the masses. With Ethica’s superior service, balanced curriculum and quality content, I have now enrolled for the Advanced CIFE (ACIFE) Financial Analysis.

Mohsien Hassim
N.Dip (Elect Eng), Hons BCompt, CA (SA), MBA (EBS-Scotland), CISA (USA), CIFE

Mohsien is a Chartered Accountant, Certified IS Auditor (CISA) and holds an Executive MBA from Edinburgh Business School in Scotland. Having worked for Barclays and all the Big Four professional services firms in audit, risk, IT, strategy, financial services and consulting. He is a part-time MBA lecturer and MBA dissertation supervisor.

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What CIFE Graduates Say...

"The course is brilliant."
Mufti Faraz Adam, UK

"Ethica’s CIFE has already opened doors for me..."
Boyd Ruff
CIFE Graduate, Esq., USA

"Ethica's tutorials are an absolute game changer. Through excellent examples they explain how Islamic banking gets done inside an Islamic bank."
Waqas Zafar
Senior Associate, KPMG Advisory, UAE

"I have taken many training programs throughout my career, but this was by far the most educational, engaging, and enjoyable!"
Najeem TC
Analyst, ADCB, UAE

Read more testimonials (here)

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About Ethica Institute of Islamic Finance


Couriered to your doorstep at no extra charge, your framed certificate will handsomely adorn your office or study for years to come. Custom-mounted and framed by hand, this beautiful certificate was designed by classically-trained Islamic artists and third-party accredited to comply with AAOIFI, the world’s leading Islamic finance standard.

Ethica is trusted by more professionals for Islamic finance certification. The Institute has trained over 15,000 paying professionals in 160 financial institutions across 65 countries, winning numerous industry awards. Ethica’s 4-month Certified Islamic Finance Executive™ (CIFE™) is a globally recognized certificate accredited to comply with AAOIFI, the world's leading Islamic finance standard, and NASBA, the world’s leading Continuing Professional Education (CPE) standard. Ethica also offers Advanced CIFE™ (ACIFE™) certificates in Financial Analysis and Accounting. The award-winning certificates are delivered online or live at the bank.

Ethica's Awards in 2018

2018 Best for Islamic Finance Training (CV Magazine Corporate Excellence Awards UK)

2018 Islamic Finance Education Provider of the Year — Global (Corporate LiveWire UK)

2018 Islamic Finance Education Provider of the Year — Global (ACQ5 Global Awards UK)

2018 Outstanding Contribution to Shariah-Compliant Financial Management — Global (Capital Finance International UK)

2018 Best Islamic Finance Education Provider MENA (Global Banking and Finance Review UK)

2018 Niche Training Services Provider of the Year — Global (ACQ5 Global Awards UK)

2018 Gamechanger of the Year — Global (ACQ5 Global Awards UK)

2018 Courses & Training — Adviser of the Year — UAE (Finance Monthly M&A Awards UK)

2018 Islamic Finance Team of the Year — UAE (Finance Monthly M&A Awards UK)

2018 Courses & Trainings Advisory Firm of the Year — UAE (Finance Monthly Global Awards UK)

2018 Consulting Advisory Firm of the Year — UAE (Finance Monthly Global Awards UK)

2018 Management Consulting — Advisory Firm of the Year — UAE (Finance Monthly Global Awards UK)

2018 Recognized Leaders in Islamic Finance Training — UAE Business Awards (MEA Markets UK)

2018 Award for Excellence in Finance Training — UAE (CV Magazine UK)

2018 Best Sharia Finance Education & Certification Specialists — Middle East — UAE Business Awards (MEA Markets UK)

2018 CEO Today Management Consulting Awards (CEO Today Magazine UK)

2018 International Advisory Experts Award (International Advisory Experts UK)

2018 Best Specialist Islamic Finance Firm — UAE (AI's International Finance Awards UK)

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