CIFP is the acronym for Chartered Islamic Finance Professional. students of the CIFP programme are exposed to on-site and online learning or eLearning, and the latest teaching techniques (i.e. simulation, management games and real business and working environment).

CIFP is the world's first certifications on Islamic finance. The papers offered are designed and taught by a teaching faculty comprising renowned international and local scholars in the area of Shariah and finance as well as Islamic financial services industry experts.

Certified Credit Professional (CCP) is a professional certification for the credit personnel (credit appraisal, credit approval, credit audit) in the banking and finance industry.

CIFP is a professional certification for anyone who wants to acquire the expertise in a broad spectrum of the Islamic banking and finance services industry including takaful and capital markets.

For Part 1 and 2, a student is allowed a minimum of 6 months and a maximum of three years to complete each part. Part 3, an articleship programme which involves practical experience, is to be completed in six months.

Overall, CIFP must be completed within a minimum of 18 months and a maximum of six and a half years.

Currently, English language is used for communications and teaching of the programmes.

There are three intakes for the CIFP programme in a year.

• The first is in January with the final examination in May. Students have a choice of sitting for a maximum of six papers or a minimum of two papers for this semester’s final examination.
• The second is the short semester in June with the final examination in July. Students have a choice of sitting for two papers or a minimum of one paper for this semester’s final examination.
• The third is in September with the final examination in December. Students have a choice of sitting for a maximum of six papers or a minimum of two papers for this semester’s final examination.  

He/ she has to register two (2) months before the examination date.

A study kit (reading materials) comprising six papers that are required for Part 1, a study guide and a password to get onto the Learning Management System (LMS) which is a software package that enables the management and delivery of learning content and resources to students. The LMS usually performs student registration, the delivery and tracking e-learning courses and content, tracks learners progress, record test scores, succession planning, virtual live classes and resource allocation such as venue, rooms, textbooks, academic timetable, examination schedules and instructors.

Yes.

Exemptions will be considered for all 14 papers in Part I and Part II on a case to case basis and subject to approval from INCEIF's Academics Division.

Yes. A minimum of two (2) papers is required.

INCEIF will appoint a representative to invigilate the examinations in the city where the student lives.

At INCEIF, we are working towards getting the industry recognition, which means we hope that the quality of our graduates when they join the job market would be very high indeed that future CIFP graduates would be welcomed anywhere they go. Nonetheless, the programme has attracted a wide interest among professionals and academics worldwide and to date we have a range of candidates from 56 countries. Internationally, we have candidates in the programme from a list of central banks including from Indonesia, Sudan, Syria and Pakistan. In Malaysia, the banking industry is represented as members of our various committees.

Please click here for total fee for CIFP.

Scholarships are available to both foreign and local students by Bank Negara Malaysia. Contact us for more details.

How much will I need in addition to tuition fees for living in Kuala Lumpur?
Living costs in Kuala Lumpur can vary considerably depending on your lifestyle and the area and type of your accommodation. On average we would recommend that a single person should allow approximately RM1,000 – RM1,500 per month for living expenses; this figure is inclusive of accommodation costs, and assumes sharing a house or apartment with others. The living costs for married candidates and those with children will be higher. 

How easy is it to find accommodation in Kuala Lumpur?
Rented accommodation in Kuala Lumpur is easy to find, however the quality and location will determine the price. The rent would be around RM600-RM1000 per month for a one bedroom flat/apartment. We normally advise candidates to arrive at least two weeks before the programme starts to allow time to find accommodation. The Academic and Student Affairs Office will give you advice and information on how to find suitable accommodation, and put you in touch with fellow candidates who are looking to share a flat.

1. CIFP or Chartered Islamic Finance Professional is a premier professional qualification in Islamic Finance. It is a post graduate qualification. It is fully accredited as a professional qualification by Malaysian Qualifications Agency (MQA) and is regarded as equivalent to a Masters degree. This means that the holder of CIFP will be able to do Ph.D. in Islamic Finance at INCEIF without any further qualification.
2. As a premier professional qualification in Islamic Finance, it has been developed by the academicians and the industry experts to ensure the graduates acquire not only the knowledge but also the practical experience needed to make them industry ready when they graduate. It consists of three Parts, namely Parts I, II and III.
3. Part I and part II consists of 14 papers mainly theoretical, conceptual and practical aspects of Islamic Finance which may be exempted if the candidate has taken similar courses at the same level elsewhere. The candidate will have to apply for exemption and if approved will have to pay the exemption fee of RM200.00 for Malaysian students or USD70.00 for international students.
4. Part III is a six (6) months internship or practical training at any Islamic Financial Institution in Malaysia or elsewhere, subject to approval by INCEIF.
   There are three different entry qualifications:
   1. A Bachelors degree in any field or specialization
   2. A Diploma in any field of study with five (5) years of relevant working experience
   3. A LEVEL holder OR EQUIVALENT (such as matriculation, etc.) who is at least 30 years old and have at least three years of relevant working experience
5. For any of the above entry qualifications, the candidate must produce evidence of his competency in English in the form of either the Test of English as Foreign Language (TOEFL) score of 550 or International English Language Testing System (IELTS) level 6. Exceptions from English Language competency can be given to those whose medium of study at entry level is ENGLISH.

1. The most convenient probably is by submitting an online application as found in the INCEIF website. After completing the application form providing all your qualifications and experience, you may submit it online. A reply will be generated to inform you whether you can be admitted into the CIFP programme based on the qualification and experience you have submitted.
2. The reply will inform you that you have now to submit evidence of your qualification, experience (if relevant) and English competency. This can be done online by scanning the documents or you may post them to INCEIF at the address cited in this website.
3. You will also be required to remit RM50.00 (Ringgit Malaysia: Fifty only) for Malaysians or USD20.00 (US Dollars: Twenty only) for international students as the processing fee, without which your application will not be immediately processed.

1. After submitting all the documents and the processing fee of RM50 or USD 20, you will be given a formal letter of admission, inviting you to register for courses and examinations. We encourage you to register for at least two papers during the first semester of your registration if you are doing the programme online.  You will be required to pay RM500 or USD 140 per paper which will include:

1. The registration fee of RM100 or USD 30 per paper; and
2. The examination fee of RM400 or USD 110 per paper
   
   The fees can be paid online or remit banker’s cheque by post. 

1. Immediately upon registration and payment of the fees you be assigned a special password that will allow you to access the e-University or the Learning Management System (LMS).  You should then be able to view the course plan of the papers you have registered for.
2. If you go through the course plan it will inform you of the activities pertaining to the paper you have registered that include not only the detailed week by week topics to be covered as well as the assignments, their due dates and the examination dates. The course plan should also tell you the assessment scheme in terms of the proportion or percentage between the coursework and the final examination.
3. From the e-University system you should also be able access the materials to be covered in full. It is through these materials that you should learn about the subject, to prepare and answer the questions on the assignments and the final examinations.

1. INCEIF conducts two kinds of important activities, namely TUTORIALS and PRE-EXAMINATION SEMINARS. These activities are conducted at INCEIF premises in Kuala Lumpur and at the premises of a few partnering institutions. Currently, the tutorials and pre-examination seminars are also conducted at Universitas Airlangga (UNAIR) in Surabaya, Indonesia, Universitas Indonesia (UI) in Jakarta, and Iran Banking Institute, Tehran, Iran.
2. The tutorials are conducted for a total of 12 hours per semester per paper. They are conducted on week-ends or evenings, whichever is convenient for the students for about three (3) to four (4) times a semester. The Pre-Examination seminar is for about 6 – 8 hours, conducted about two weeks before the final examination as a final overall revision. The fee for the tutorials is RM400 a semester or USD 140 and for the Pre-Examination Seminar is RM500 or USD 170.

1. You will have to register online for the tutorials and pre-examination seminars separately and will be considered registered after the fees have been paid.

1. Exceptions from the English language competency can be given to those whose medium of study at entry level is ENGLISH.

1. The best way is to contact our help-desk at helpdesk@inceif.org. You may even contact any of the lecturers and staff of INCEIF for any other queries.