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Certificate in Islamic Banking (Level 3)

Course Overview

Islamic Banking Course

Certificate in Islamic Banking & Finance (Level 3) provides an incredible opportunity to explore, investigate and become professionally proficient in an increasingly crucial industry area.  Research suggests that up to 20% of the world’s population utilizes or actively seeks Islamic banking services – a global community that is growing at record-pace.  Demand for Islamic banking and financial services has never been higher – those at with the relevant skills and qualifications are finding themselves in uniquely privileged positions.

With no previous financial experience or knowledge of banking required, candidates are introduced to the concept of the Islamic banking and the way in which it differs from traditional banking. This Islamic Banking course,covers the primary and unique characteristics of Islamic finance, along with how Islamic law applies to and affects to financial dealings – ultimately instilling professional-level knowledge of Islamic business ethics and banking processes.

Career opportunities in Islamic Banking sector are quite extraordinary, including positions with established International investment banks, Islamic banking organizations on a global basis and Islamic financial advisory roles/business consultancy. 

Course Syllabus

Islamic Banking Course: Key Topics

Islamic Banking course,consists of the following seven units:

Unit 1 – Introduction to Islamic Banking

The course begins with a comprehensive introduction to Islamic banking.  Candidates begin to discover the financial instruments offered by Islamic banks, Islamic financial contract prohibitions and the core foundation/theory behind Islamic banking practices.

Unit 2 – The Basics of Islamic Banking & Finance

In the second unit, candidates explore the philosophy of Islamic banking and finance along with a series of key alternative financing principles.  The unit introduces Mudarabah, Musharakah, Murabaha–Mu’ajjal, Salam, Ijarahand Istisna‘a.

Unit 3 – Islamic Banking and Conventional Banking: The Difference

Course content then moves on to highlight the key differences between conventional banking and Islamic banking.  The two different banking models are both considered individually and compared like-for-like, in order to highlight what makes Islamic banking unique.

Unit 4 – Islamic Law of Contract

Contract law under the rules of Islamic banking represents the core focus of the fourth unit.  Candidates learn about the key elements of Islamic contracts, the various types of contracts relevant to Islamic banking and their general framework.

Unit 5 – Islamic Financial Products

The fifth unit provides deeper insights into specific Islamic financial products, touching upon Islamic financial institutions, investment banking, an introduction to Islamic principles in relation to stocks and Sukuk as an Islamic market instrument.

Unit 6 – Takaful

In the following unit, the subject of insurance in Islamic banking is investigated with a concentrated focus on Takaful.  Candidates learn exactly why Takaful cover is required, why standard insurance is not allowed and how the Takaful system as a whole works.

Unit 7 – Islamic Business Ethics

The seventh and final course unit examines Islamic business ethics, incorporating essential teachings on gentleness, honesty, legitimate earnings and justice.  Candidates also investigate the prohibition of misleading marketing – aka Khalabah.

Fee & Payment Options

Paying in Instalments: £395 (Interest FREE Instalments)

Deposit: £95 

No of Instalments: 12

Each Instalment: £25

Pay in Full: (£80 Discount) £315


At the end of this course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (which lists the details of all the units you have completed as part of your course).

The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means that Brentwood Open Learning College have undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria. The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner.

The course itself has been designed by Brentwood Open Learning College to meet specific learners’ or employers’ requirements. ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met. A regular review of courses is carried out as part of the endorsement process.

What is ABC Awards?

ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government. They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF). It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries. As a registered charity, ABC Awards combines 180 years of examination and assessment expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards also offers over 600 Ofqual regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Career Path

An Islamic banking qualification will prime you with the rare skills, talents and competencies required to pursue a fulfilling career for life. Typical positions include accountant, financial adviser, bank teller, customer service manager, relationship manager, financial associate and many more besides, with entry-level salaries from £20,000 and up. 

Who Should Take This Course?
  • Anyone looking to stand out with a rare and valuable qualification
  • Existing financial workers looking for a new challenge
  • Candidates interested in national and international job opportunities
  • Financial workers looking to increase their competencies and branch out
  • Anyone with a talent for numeracy, accuracy and logic  

Related Links:

Certificate in Islamic Banking & Finance (Level 4)

Certificate in Accounting and Finance (Level 2)

Certificate in Budget Planning Course (Level 3)

Course Level
Level 3

Awarding Body
ABC Awards

Study Method
Online Learning

Course Duration
200 Hours Approx.

Entry Requirements
No entry requirement.

Start Date

  • Study one of the world’s fastest-growing financial sectors
  • Expand your career prospects with highly-specialist knowledge
  • Gain an important edge over other jobseekers
  • Learn how Islamic banking differs from wester banking
  • Build strong knowledge of Islamic business ethics 

Pay Online

Course Cost

£ 315

£ 395

£ 80