Certificate in Shariah for Banking and Finance (CSBF) Course October 2021 Intake

Objective

  • To introduce Certificate in Shariah for Banking and Finance (CSBF) course offered by the International Research Centre of Islamic Economics and Finance, Kolej Universiti Islam Antarabangsa Selangor (IRCIEF-KUIS).

Introduction – Certificate in Shariah for Banking and Finance (CSBF)

Certificate in Shariah for Banking & Finance (CSBF) course was accredited by Finance Accreditation Agency (FAA) (FFA – 24 – 00002).

Objectives of the Course

1. to provide basic knowledge of Shariah related to Islamic Banking and Finance
2. to further develop and enhance the knowledge in all aspects related to Shariah in Islamic Banking and Finance
3. to produce certified personnel in Islamic Banking and Finance Modules

Focusing on the above objectives, the course offers 11 modules covering Shariah and its application in Islamic Banking and Finance.

Each module is delivered by distinguished speakers from the Islamic Banking and Finance industry.

Organization of the Course
The course is conducted during weekend, which covers seven hours per day for each module.
The seven hours are split into two:
(i) the first six hours for teaching and learning; and
(ii) the last one hour for assessment.

Once participants have completed and passed all modules, they will be awarded with the certificate of completion.

Method of Teaching & Assessment
On-Line

Next Intake
October 2021 (Commence in 2 October – 12 December 2021)

4th Islamic Finance Intellectual Discourse (IFID) on 6th – 8th September 2021

Islamic Finance Intellectual Discourse (IFID) is a biennial event of International Research Centre of Islamic Economics and Finance, Kolej Universiti Islam Antarabangsa Selangor, (IRCIEF-KUIS). IFID highlights current issues and progress of Islamic Finance in Malaysia. It also brings prominent scholars to discuss the topic identified based on the current scenario of Islamic finance in Malaysia.

The objectives of this event are:

  1. To expose intellectuals, students, industry on the potential and current issues of Islamic Social Finance.
  2. To explore the role of Social Finance as a catalyst for social well -being especially during economic crises.
  3. To encourage the involvement of intellectual norms in society.

The 4th IFID 2021 is a collaboration between IRCIEF, Centre of Islamic Economics (CIE, IIUM) and IsDB Institute (IsDBI) and Masjid Al Azhar KUIS. This event also received financial sponsors from individual, Masjid Al-Azhar KUIS and Pusat Pungutan Zakat, PPZ. PPZ also apart from financial sponsor, generously sponsor two e-books on zakat. We also engaged with IFIKR and Yasmin TV as media partners.

This year, 4th IFID2021 presented 10 internationally recognized and renowned speakers line up on the online stage to share and discuss the current issues on Islamic social finance arranged in 10 different sessions. A total of 33 participants not only from Malaysia but we also welcomed international participants from Indonesia and Singapore.

In adapting to the new norms due to pandemic Covid-19, this year, the 4th IFID 2021 is conducted through online via zoom platform. The concept of online discourse allows additional gain to the audience in which we possibly broadcast the event across the continent.

DAY 1: 6th September 2021

Yasmin Mogahed, Motivational Speaker – Title: “Wealth Circulation from Islamic Perspective”

Dzulkifli Abdul Razak, Professor Emeritus Tan Sri Dato’, Rector of IIUM – Title: “The Role of University in Achieving SDGs”

Dr Hamim Syahrum Ahmad Mokhtar, BNM – Title: “VBI: Progress and Prospect”

DAY 2: 7th September 2021

Professor Dr. Hasanuddeen Abd Aziz, KENMS IIUM – Title: “Aligning SDGs to Maqasid Shariah: How can institutions of higher learning and the financial sector contribute?

Professor Dr. Engku Rabiah Adawiah Engku Ali, IIUM – Title: “Enhancing the                                          Governance of Islamic Social Finance”

Dr. Sami Al-Suwailem, IsDB Institute – Title: “The Future of Social Finance”

DAY 3: 8th September 2021

Dr. Latifa Bibi Musafar Hameed, IRCIE, KUIS -Title: “Islamic Social Finance:  A recipe for Socio-economic Justice”

Associate Professor Dr. Mustafa Omar Mohamed, IIUM – Title: “Al Turath al- Islami and The Prospect of Social Finance”

Professor Dr. Ahmet Faruk Aysan, HBKU, Qatar – Title: “Islamic Social Finance and Fintech: Challenges and Prospects”

Ustaz Mohd Nazri Chik, BIMB – Title: “Social Finance from Industry Perspective”

Certificate in Shariah for Banking and Finance Virtual Award Ceremony

The Virtual Award Ceremony was held on Saturday, July 31, 2021 through the ZOOM application. The ceremony, which was held for the first time, was to celebrate the participants who had completed and passed the Certificate in Shariah for Banking and Finance (CSBF) course, organised by Kolej Universiti Islam Antarabangsa Selangor (KUIS).

Dr Latifa Bibi, the Director of the International Research Centre of Islamic Economics and Finance (IRCIEF), KUIS expressed her gratitude in organizing the CSBF course. “It is noteworthy to mention that Certificate in Shariah for Banking and Finance (CSBF) course is the first professional course organized by IRCIEF and KUIS, which was accredited by the Finance Accreditation Agency (FAA). Hopefully, with this reputation, CSBF will continue to flourish and attract more participants for enrolment in the future.”

The ceremony witnessed a total of 24 award recipients for the first cohort of the course receiving their course certificates. They consist of students of higher learning institution, academics, executives, researchers and the public at large. Three of them, Encik Faris Murtadha Bin Fazial (CIMB Bank), Dr. Nur Sa’adah Binti Muhamad (UKM) and Ms. Raudha Binti Md Ramli (UiTM) were named as the recipients of the Best Participant Award with each receiving RM1,000, sponsored by the Finance Accreditation Agency (FAA).

Mr. Faris, one of the recipients of the Best Participant Award, expressed his gratitude for the opportunity to participate in the course. “Thank you so much to KUIS, IRCIEF and its trainers for conducting the Certificate in Shariah for Banking and Finance (CSBF) course. I am truly grateful and honoured to be part of the first batch of this programme. Looking forward to numerous future Shariah scholars and bankers graduating from IRCIEF and CSBF.”

Apart from that, the event also witnessed the presentation of the Full Accreditation Certificate of the course to the Acting Rector of KUIS, Assoc. Prof. Dr. Mohd Farid Ravi Abdullah by the Chief Executive Officer of the FAA, Mr. Khairul Nizam. The FAA is a quality assurance and accreditation body supported by Bank Negara Malaysia (Bank Negara Malaysia) and the Securities Commission Malaysia.

Mr. Khairul Nizam also expressed his proud on the collaboration between FAA and IRCIEF. “We are extremely proud of our collaboration with IRCIEF and KUIS, especially on the accreditation of the Certificate in Shariah for Banking and Finance program. We are also extremely proud that this ceremony honored 24 participants of the program.“

The CSBF contains 11 modules related to Shariah and its application in Islamic Banking and Finance. The modules were delivered by leading experts from the Islamic Banking and Finance industry in Malaysia. This course, among others, aims to produce professionally qualified individuals in the Islamic Banking and Finance industry.

PENYAYANG FUN RUN 2018

More than 400 participants took part in the Fun Run Caring program which took place at the International Islamic University College Selangor (KUIS) on 1 December 2018.

The program, jointly organized by International Research Centre of Islamic Economics and Finance (IRCIEF), Faculty of Economics and Muamalah, Sports and Recreation Club, KUIS, Persatuan Kanak-kanak Istimewa Bangi (PKIB) and Majlis Agama Islam Selangor (MAIS), is aimed at strengthening relationships as well as collecting funds to donate to PKIB.

The annual event was graced by the presence of the KUIS Rector, Prof. Datuk Dr. Ab. Halim Tamuri, Private Secretary for the Ministry at Prime Minister’s Department (Agama), and famous preacher who is also KUIS lecturer, Ustaz Don Daniyal Don Biyajid.

In addition to the run, the program which started at 7am to 11am was filled with various activities including the mock check and the lucky draw.

MEMORANDUM OF COOPERATION SIGNING CEREMONY BETWEEN KUIS AND ISRA

The Memorandum of Cooperation Signing Ceremony between KUIS and ISRA was carried out 16 April 2018.

SADAQA HOUSE BOOK LAUNCH DURING WIEF 2017

On 22 November 2017, IRCIEF, KUIS has successfully launched Sadaqa House book entitled “Its Viability in the Islamic Banking Framework” during the World Islamic Economic Forum (WIEF) held in Borneo Convention Centre, Kuching, from 21st – 23rd November 2017.

The launching ceremony was officiated by Dato’ Dr. Abdul Halim Ismail, the 2014 Royal Award Winner for Islamic Finance. The ceremony was attended by Professor Dato’ Dr. Abdul Halim Tamuri, Rector of KUIS; Mr. Saiful Anwar Hambali, Deputy Chief Shariah, BIMB; the authors and participants from various institutions.

International Research Centre of Islamic Economics and Finance (IRCIEF) is a research centre that focuses on Islamic Banking and Finance. In this respect, IRCIEF acts as a centre which allows academicians and industry players to meet and discuss together on issues, solutions and recommendations in the field of Islamic Economics and Finance.

This year has marked a history to IRCIEF specifically and KUIS generally in its achievement since it is established. Sadaqa House project has gone through a tough journey starting from 2014 in order to benefit the mankind. In September 2017, IRCIEF finally manage to harvest the outcome with the launching of Green Report. By launching the Sadaqa House book during the 13th WIEF, IRCIEF had made another great achievement for the Sadaqa House project.

Basically, the book contains outcomes of the research activities pertaining to the subject matter expert in which BIMB is one of the contributing members. This book is the first of its kind enlightening the concept of Sadaqa House within the Islamic banking framework. It highlights the fundamental principles governing the concept and operational and practical aspects of its implementation. Any interested party would find this book insightful since it provides detailed information regarding its possible establishment.

It is also indeed a worthy endeavour when the term ‘Sadaqa House’ has been included in “Strategic paper Bank Negara Malaysia” entitled “Value – Based Intermediation”. This inclusion will allow any interested banks in Malaysia to execute the Sadaqa House project.

With the launching of this practical and viable product, Islamic Finance sector can get a new idea and improvement and may this effort always be in the blessings of Allah s.w.t.