Certified Islamic Finance Ethics Professional: study modules
Three short modules on the AAOIFI Code of Ethics and building an ethical institution
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0021
In Islamic finance, correct contracts are not enough: people must also act with justice, honesty and care. These three short modules explain, in plain language, the AAOIFI Code of Ethics for Islamic Finance Professionals with its Adl and Ihsaan foundation and six virtues, how to apply its protocols to mistakes, decisions, gifts and reporting violations, and how an institution builds an ethics framework with committees, training and a hotline under Governance Standard No. 16.
Each module has a reading with a worked example, slides, study notes and a short practice quiz. The modules prepare you for the Certified Islamic Finance Ethics Professional exam.
This is independent ifSPACE material written in its own words; it is not affiliated with AAOIFI and is not a fatwa.
What you will learn
- Explain the scope of the AAOIFI Code of Ethics, the Adl and Ihsaan equation and the six virtues
- Apply the four ethics protocols and the check posts to workplace situations such as gifts, mis-selling and reporting a violation
- Describe the principles, components, committees and roles of an institutional ethics framework under GS 16
Syllabus
1.The Code of Ethics: Adl, Ihsaan and six virtues
- What the AAOIFI Code of Ethics asks of every professional20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Applying the code in daily work
- Four protocols, common violations and check posts20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Building an ethical institution
- The GS 16 framework: principles, components and committees20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min