Is My Islamic Bank Shariah-Compliant? One Simple Step for Checking 
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Is My Islamic Bank Shariah-Compliant? One Simple Step for Checking

Ask your bank to provide a fatwa from their Shariah Board — an expert legal opinion from recognized Shariah Scholars — that the products and services provided by the bank conform to the latest Shariah standards of AAOIFI.

AAOIFI is the Accounting and Auditing Organization for Islamic Financial Institutions (pronounced “a-yo-fee”) and is widely regarded by banks and governments as the de facto industry standard for Islamic finance. As one scholar put it, “AAOIFI is the closest thing we have to ijma (scholarly consensus) in Islamic finance.”

Important: It is not sufficient that the bank merely claim to follow AAOIFI, or have an AAOIFI membership, or have a member on the board of AAOIFI. There must be a review by a third-party stating that the products and services themselves are 100% AAOIFI-compliant.

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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)


Haven't Experienced Ethica's Award- Winning Training Yet?

Training Video

Play a video from Ethica’s award-winning CIFE program

CIFE & ACIFE graduates have likened the knowledge gained from Ethica’s certification to actually working inside an Islamic bank. Ethica puts you ahead of the curve by training you in the practical aspects of Islamic banking without overwhelming you with theory. Play one of our videos (click here) to experience the quality and depth of our training.


About Ethica Institute of Islamic Finance

Certificate

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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2035 Sunset Lake Rd. Newark, DE 19702 United States