The Certified Islamic Banking Product Professional (CIBPP) program is a prestigious certification meticulously designed to equip individuals with advanced knowledge and expertise in the specialized domain of Islamic banking products. Islamic banking operates on principles that adhere to Shariah law, and the development and management of Shariah-compliant financial products require a deep understanding of both finance and Islamic ethics. The CIBPP program offers a comprehensive curriculum that covers Islamic finance principles, product structuring, regulatory compliance, and ethical standards, ensuring that graduates are well-prepared to excel in roles that demand precision and proficiency in developing and managing Islamic banking products.

Certification Program Objectives:

Upon completing the Certified Islamic Banking Product Professional (CIBPP) program, participants will be able to:

• Master Islamic Finance Fundamentals: Develop a deep understanding of the foundational principles of Islamic finance, the ethics of Shariah-compliant banking, and the significance of Islamic financial products.
• Create and Structure Shariah-Compliant Products: Proficiently design and structure a wide range of Islamic banking products, including Murabaha, Mudarabah, and Istisna’a.
• Ensure Regulatory Compliance: Understand and adhere to regulatory requirements related to Islamic banking product development and management.
• Uphold Ethical Standards: Demonstrate ethical conduct and professional integrity in all aspects of Islamic banking product development.
• Promote Financial Inclusion: Contribute to expanding access to Shariah-compliant financial products for diverse populations and fostering financial inclusion.

Certification Requirements:

To apply for certification from The American Institute of Business and Management (AIBM) and its allied institutions, candidates must meet at least one of the following criteria:

• A Bachelor’s degree from a recognized institution

And/or

• 2 to 5 years of relevant work experience in the related professional field.

Note: Applicants who do not hold a Bachelor’s degree but possess exceptional professional experience and hold significant positions within their organizations in a relevant field may also be considered for certification on a case-by-case basis, subject to the approval of the AIBM evaluation committee.

Certifying Examination:

• To be certified as CIBPP, student should take up a 1.5 hours online exam conducted by AIBM.
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

• Module 1: Introduction to Islamic Banking Principles
• Module 2: Shariah-Compliant Deposit Products
• Module 3: Shariah-Compliant Financing Products
• Module 4: Islamic Investment Products
• Module 5: Takaful (Islamic Insurance) Products
• Module 6: Regulatory Compliance in Islamic Banking

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Islamic Banking Product Professional (CIBPP) certification is highly beneficial for professionals across various roles and industries, including:

• Islamic Banking Product Developers: Those already in the field, seeking to enhance their knowledge and skills for career advancement.
• Finance and Investment Professionals: Individuals interested in specializing in Islamic banking product development and management.
• Aspiring Islamic Banking Product Professionals: Students and individuals looking to enter the field of Islamic banking product development and acquire foundational knowledge.
• Compliance Officers: Professionals responsible for ensuring that Islamic banking product practices adhere to Shariah law and regulatory standards.
• Small Business Owners: Entrepreneurs and business owners interested in offering Shariah-compliant financial products.

Embark on the journey of achieving the CIBPP certification to refine your Islamic banking product development skills, uphold ethical banking practices, and contribute to the growth and inclusivity of the Islamic finance industry by offering innovative and Shariah-compliant financial solutions.