Diploma in Islamic Finance
Build a strong foundation in Islamic thought, history, and practice with IUC’s flexible online Certificate in Islamic Studies.
The Certificate in Islamic Studies introduces learners to the core teachings, history, and intellectual traditions of Islam, building a strong foundation for further academic study, religious education, or community leadership. Delivered fully online through IUC’s School of Religious Studies, this short program is designed for working professionals, community leaders, and lifelong learners seeking a deeper, structured understanding of Islamic thought and practice.
What you’ll learn
- Foundational principles of the Quran, Hadith, and Sunnah
- The historical development of Islamic civilization and thought
- Core concepts in Islamic jurisprudence and ethics
- How classical Islamic scholarship applies to contemporary issues
Program snapshot
| Detail | Information |
|---|---|
| Level | Certificate |
| School | School of Religious Studies |
| Department | Department of Islamic Studies |
| Duration | 3 months |
| Credits | 12 credits |
| Delivery | 100% online, self-paced |
| Intake | Spring & Fall |
Program Highlight
School of Islamic Finance
Duration
12 - 18 Months
Credits
60 Credits
Mode
Online
Career Outcomes
Career Outcomes
| Role | Industry |
|---|---|
| Islamic Studies Educator | Schools, Madrasas, Educational Institutions |
| Religious Affairs Officer | Government Agencies, Community Organizations |
| Imam or Community Religious Leader | Mosques, Religious Organizations |
| Islamic Content Writer & Researcher | Media, Publishing, Research Institutes |
| Interfaith & Community Relations Officer | NGOs, Government, Nonprofits |
| Islamic Finance & Ethics Advisor | Financial Institutions, Consultancies |
| Pathway to Bachelor’s or Master’s Study | Further Education |
Curriculum Overview
| Component | Credits |
|---|---|
| Foundations of Islamic Studies | 4 |
| Islamic History & Civilization | 4 |
| Applied Islamic Studies Capstone | 4 |
| Total Credits | 12 |
Foundations of Islamic Studies
Introduction to Quranic Studies Foundations of Hadith & Sunnah
Islamic History & Civilization
History of Islamic Civilization Islamic Thought & Philosophy
Applied Islamic Studies Capstone
Applied Islamic Studies Project Contemporary Issues in Islam
The Diploma in Islamic Finance is structured across 4 curriculum components totalling 60 credits. All coursework is self-paced and completed 100% online.
Islamic Finance Foundations (18 Credits):
| Code | Course Title | Credits |
|---|---|---|
| ISF101 | Introduction to Islamic Finance | 3 |
| ISF102 | Shariah Principles in Financial Transactions | 3 |
| ISF103 | Fiqh al-Muamalat — Islamic Commercial Law | 3 |
| ISF104 | Islamic Finance Ethics & Professional Standards | 3 |
| ISF105 | Comparative Islamic & Conventional Finance | 3 |
| ISF106 | Quantitative Methods for Islamic Finance | 3 |
| Component Total | 18 Credits | |
Islamic Banking & Takaful (15 Credits):
| Code | Course Title | Credits |
|---|---|---|
| BNK201 | Islamic Banking Operations & Products | 3 |
| BNK202 | Murabaha, Mudarabah & Musharakah Contracts | 3 |
| BNK203 | Ijarah & Islamic Lease Financing | 3 |
| TKF201 | Takaful — Islamic Insurance Principles | 3 |
| TKF202 | Risk-Sharing & Takaful Product Design | 3 |
| Component Total | 15 Credits | |
Sukuk, Investment & Compliance (18 Credits):
| Code | Course Title | Credits |
|---|---|---|
| SUK301 | Sukuk — Islamic Bonds & Capital Markets | 3 |
| SUK302 | Islamic Wealth & Asset Management | 3 |
| SUK303 | Shariah-Compliant Investment Strategies | 3 |
| COM301 | Islamic Financial Law & Regulation | 3 |
| COM302 | Shariah Governance & Compliance Frameworks | 3 |
| COM303 | Islamic Microfinance & Financial Inclusion | 3 |
| Component Total | 18 Credits | |
Capstone Project (9 Credits):
| Code | Course Title | Credits |
|---|---|---|
| CAP401 | Islamic Finance Product Design & Case Study | 3 |
| CAP402 | Applied Islamic Finance Research Methods | 3 |
| CAP403 | Diploma Capstone Project | 3 |
| Component Total | 9 Credits | |
Credit Summary:
| Component | Credits |
|---|---|
| Islamic Finance Foundations | 18 |
| Islamic Banking & Takaful | 15 |
| Sukuk, Investment & Compliance | 18 |
| Capstone Project | 9 |
| Total Credits | 60 |
Faculty
Our online Certificate in Islamic Studies faculty are experienced scholars and practising educators with deep expertise in Quranic studies, Islamic history, jurisprudence, and contemporary Islamic thought. Each professor brings active academic and community experience and a passion for mentoring certificate learners from Bangladesh, India, Nigeria, Pakistan, Malaysia, Cambodia, Egypt, Nepal, and across the world.
Dr. Raymond J. Fletcher
Professor – School of BusinessDr. Gregory N. Whitfield
Associate Professor – School of BusinessDr. Sandra K. Holloway
Assistant Professor – School of BusinessPrograms Cost
| Payment Plan | Amount | Frequency |
|---|---|---|
| Full Payment | CAD $700 | One-time — pay once, no extra charges |
| 2-Installment Plan | CAD $350 | 2 payments — every 6 weeks |
| Monthly Plan | CAD $234 | 3 monthly payments |
| Your Previous CGPA | Aid | You Pay |
|---|---|---|
| 3.8 – 4.0 | 60% | CAD $280 |
| 3.5 – 3.79 | 45% | CAD $385 |
| 3.0 – 3.49 | 30% | CAD $490 |
| Prior academic awards or distinctions | Extra 5–10% | Assessed individually |
| Your Experience | Aid | You Pay |
|---|---|---|
| 10+ years senior religious or community leadership experience | 60% | CAD $280 |
| 5–9 years relevant teaching, da’wah, or religious education experience | 40% | CAD $420 |
| Community leadership, NGO, or public service | 25% | CAD $525 |
| Government or public sector religious affairs experience | 30% | CAD $490 |
| Islamic education entrepreneurship or institution management | 20% | CAD $560 |
| Item | Details |
|---|---|
| Agent Commission | Available for authorized education consultants |
| How to Register | Email us at info@iuc-edu.ca |
| Commission Payment | Paid after student enrollment confirmation |
| Support Provided | Marketing materials, official letters, application support |
Apply Now
Our program costs are designed to remain transparent competitive and accessible for students from diverse backgrounds. Each academic program includes tuition fees, registration charges and essential learning resources ensuring students receive high-quality education and comprehensive academic support Costs may vary based on program type, course load, and mode of study (on-campus, hybrid, or online) We aim to provide exceptional value through modern facilities, expert faculty, and industry aligned curriculum making your investment in education both meaningful and future-focused.
Apply Now
Our program costs are designed to remain transparent competitive and accessible for students from diverse backgrounds. Each academic program includes tuition fees, registration charges and essential learning resources ensuring students receive high-quality education and comprehensive academic support Costs may vary based on program type, course load, and mode of study (on-campus, hybrid, or online) We aim to provide exceptional value through modern facilities, expert faculty, and industry aligned curriculum making your investment in education both meaningful and future-focused.
Admissions Requirements
- High school diploma (HSC, A-Level, or equivalent)
- Mature applicants with relevant religious education or community experience considered
- No prior Islamic studies or theology degree required
- Official academic transcripts from previous institution, if available
- Completed online application form
- Academic transcripts and certificates
- Valid National ID or Passport copy
- One letter of recommendation (academic or employer)
- Personal Statement (300–500 words)
- Updated CV or Résumé (if applicable)
- Total program fee: CAD $700
- Financial aid of up to 60% available on application
- Flexible installment payment plans available
- Agent or self-funded sponsorship confirmation, if applicable
- Genuine interest in Islamic studies, religious education, or community leadership
- Basic numeracy and English communication skills required
- Prior teaching, religious, or community leadership experience is a strong advantage
- Interview with admissions advisor, if required
Application Deadlines
| Intake | Applications Open | Deadline | Classes Begin |
|---|---|---|---|
| Spring Intake | October 1 | December 30 | January 15 |
| Fall Intake | April 1 | August 10 | September 5 |
| Rolling Admissions | Open Year-Round | Anytime | Next Available Session |
Requirements and Deadlines
Our program costs are designed to remain transparent competitive and accessible for students from diverse backgrounds. Each academic program includes tuition fees, registration charges and essential learning resources ensuring students receive high-quality education and comprehensive academic.







