Officially recognized by AAOIFI (pronounced “a-yo-fee”), the world’s leading standard-setting body in Islamic finance, Ethica's award-winning Certified Islamic Finance Executive (CIFE) and Advanced CIFE (ACIFE) earn you continuing professional development (CPD) credits
“The role Ethica has played in promoting the cause of standardization of best practices in Islamic finance, especially in the fields of Shari'ah and accounting, that too for the last two decades, is indeed praiseworthy. They have always put AAOIFI standards at the heart of all their certification and training programs for which we are grateful.”
Omar Mustafa Ansari
Secretary General, AAOIFI
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Welcome to the Certified Islamic Finance Executive (CIFE) program, trusted by more professionals for Islamic finance, with 15,000+ learners now working in over 160 financial institutions in 65 countries around the world.
What makes Islamic finance different from conventional finance? And what makes it better?
Is Islamic banking a viable alternative to interest-based conventional banking? Is it really any different from conventional finance?
How does Islamic leasing — or Ijarah — work? Learn here, along with step-by-step practical explanations.
Learn the rights and obligations of the lessor and the lessee and try your hand at the quiz.
How do Islamic banks calculate leases? In these two teaser modules from the ACIFE program you find out. We hold your hand through calculations, tables, and formulas.
You continue learning about Islamic leases with more practical information from this ACIFE module along with a quiz.
Ethica’s most popular article: 20 of the most commonly asked questions about conventional home mortgages.
"I chose Ethica for its excellent market reputation. And now I understand why..."
Daniel Rasqui, CIFE Graduate
Director, SIX Financial, Luxembourg
Marwa El Messidi, CIFE Graduate
Economic Development Professional, Richmond, USA
"I first became interested in Islamic finance as a graduate student at UC Davis. Ethica's CIFE was the first course I have taken completely online and I loved it! I learnt a great deal regarding the practical application, benefits, and risks involved. The course was an excellent mix of theory and practice. Highly recommended"
Waqas Zafar, CIFE Graduate
Senior Associate, KPMG, UAE
"Ethica's tutorials are an absolute game changer. Through excellent examples they explain how Islamic banking gets done inside an Islamic bank. The personnel at Ethica are devoted, professional and above all extremely helpful. My job entails dealing with the mergers and acquisitions sector and with Ethica’s CIFE I was able to accomplish what I had set out to achieve."
Pradeep Varma
Director, Pennant Technologies, India
"Ethica’s training and certification programs have benefited Pennant's Islamic banking product engineering and implementation staff — tremendously"
Each question is reviewed by an Islamic finance expert and approved by a scholar.
Browse one of the world's largest database of Islamic finance Q&As available online.
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