The Diploma in Islamic Finance at International University Canada (IUC) is designed for banking professionals, finance officers, and individuals seeking a career in the rapidly growing global Islamic finance sector who want a recognised credential without interrupting their lives. Delivered entirely online through the School of Religious Studies — Department of Islamic Studies — this program covers the essential pillars of Islamic finance: Shariah principles in finance, Islamic banking operations,
Takaful (Islamic insurance), Sukuk (Islamic bonds), Islamic investment and wealth management, and Islamic financial law and compliance.
With the global Islamic finance industry valued in the trillions of dollars and growing rapidly across the Middle East, Southeast Asia, and beyond, qualified Islamic finance professionals are in strong demand. Graduates earn a credential recognised in 46+ countries, equipping them for roles in Islamic banks, Takaful companies, and Shariah-compliant investment firms, or to progress toward an MBA or PhD with an Islamic finance specialisation.
Career Outcomes
| Role |
Industry |
| Islamic Banking Officer |
Islamic Banks, Conventional Banks (Islamic Windows) |
| Takaful (Islamic Insurance) Officer |
Takaful Companies, Insurance Firms |
| Shariah Compliance Officer |
Islamic Financial Institutions |
| Islamic Wealth & Investment Advisor |
Investment Firms, Wealth Management |
| Sukuk & Capital Markets Analyst |
Investment Banking, Capital Markets |
| Microfinance & Ethical Finance Officer |
NGO, Development Finance |
| Pathway to MBA or PhD in Islamic Finance |
Further Education |
Curriculum Overview
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 Diploma in Islamic Finance faculty are internationally recognised scholars and practising professionals with deep expertise in Shariah law, Islamic banking, Takaful, Sukuk markets, and Islamic investment management. Each professor brings active industry and academic experience and a passion for mentoring diploma students from Bangladesh, India, Nigeria, Pakistan, Malaysia, Cambodia, Egypt, Nepal, and across the world.
| Professor |
Title & Specialisation |
| Dr. Hassan M. Qureshi |
Senior Professor — Shariah Law & Islamic Commercial Finance |
| Dr. Aminah R. Bakr |
Professor — Islamic Banking & Takaful |
| Dr. Faisal A. Mahmoud |
Associate Professor — Sukuk Markets & Islamic Capital Markets |
| Sheikh Yusuf A. Ibrahim |
Lecturer — Shariah Governance & Compliance |
Programs Cost
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.
Total Course Fee
CAD $2,500
Full Diploma program — all credits included
Maximum Financial Aid
Up to 60%
Academic merit & life experience
Minimum You Pay
CAD $1,000
After maximum 60% aid applied
💡 Good to know: CAD $2,500 is the total course fee for the full Diploma program. You can pay in full or in easy installments. Financial aid is confirmed with your offer letter.
Payment Options
| Payment Plan |
Amount |
Frequency |
| Full Payment |
CAD $2,500 |
One-time — pay once, no extra charges |
| 2-Installment Plan |
CAD $1,250 |
2 payments — every 6 months |
| 4-Installment Plan |
CAD $625 |
4 payments — every 3 months |
| Monthly Plan |
CAD $209 |
12 monthly payments |
Financial Aid — Academic Merit
| Your Previous CGPA |
Aid |
You Pay |
| 3.8 – 4.0 |
60% |
CAD $1,000 |
| 3.5 – 3.79 |
45% |
CAD $1,375 |
| 3.0 – 3.49 |
30% |
CAD $1,750 |
| Prior academic awards or distinctions |
Extra 5–10% |
Assessed individually |
Financial Aid — Life Experience
| Your Experience |
Aid |
You Pay |
| 10+ years senior banking or finance leadership experience |
60% |
CAD $1,000 |
| 5–9 years relevant banking, finance, or insurance experience |
40% |
CAD $1,500 |
| Community leadership, NGO, or public service |
25% |
CAD $1,875 |
| Military or government financial service |
30% |
CAD $1,750 |
| Financial consultancy or business ownership |
20% |
CAD $2,000 |
For Education Consultants & Agents
| 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
1
Academic Qualifications
- High school diploma (HSC, A-Level, or equivalent)
- Mature applicants with relevant banking or finance experience considered
- No prior Islamic finance or theology degree required
- Official academic transcripts from previous institution
2
Required Documents
- Completed online application form
- Academic transcripts and certificates
- Valid National ID or Passport copy
- One letter of recommendation (academic or employer)
- Personal Statement (500–800 words)
- Updated CV or Résumé (if applicable)
3
Financial Requirements
- Total program fee: CAD $2,500
- Financial aid of up to 60% available on application
- Flexible installment payment plans available
- Agent or self-funded sponsorship confirmation (if applicable)
4
Additional Diploma Requirements
- Genuine interest in Islamic finance, ethical banking, or Shariah-compliant systems
- Basic numeracy and English communication skills required
- Prior banking, finance, or accounting 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.
