Certified Islamic Capital Markets Professional (CICMP)

The Certified Islamic Capital Markets Professional (CICMP) professional certification covers a comprehensive understanding of Islamic finance and its applications in capital markets. The program consists of four modules that aim to provide a detailed understanding of the following topics: Rahn concepts and registration system, Shariah process in product development and approval in Islamic Capital Market (ICM), integration of social responsibility in financial communities, and dispute resolution framework for the Islamic Capital Market. The certification program combines these modules to equip professionals with the necessary skills to apply Islamic finance principles in capital markets and make informed decisions.

Certification Program Objectives:

  1. Understand the concepts and significance of Rahn, a formalized and prioritized registration system used in Islamic finance.
  2. Familiarize with the Shariah process in product development and approval in the Islamic Capital Market (ICM).
  3. Learn about integrating social responsibility in financial communities and the importance of ethical and sustainable practices in Islamic finance.
  4. Understand the dispute resolution framework in the Islamic Capital Market and the methods of resolving conflicts in a Shariah-compliant manner.

Certifying Examination:

  • To be certified as CICMP, student should take up a 1.5 hours exam at the designated examination centers.
  • 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.


  1. Rahn Concepts: Formalization and a Registration and Prioritization System
  2. The Shariah Process in Product Development and Approval in ICM
  3. Integration of Social Responsibility in Financial Communities
  4. The Dispute Resolution Framework for the Islamic Capital Market