Islamic Banking and Finance – (Certificate)

Contents

Learning hours and modules

• Shariah Rules in Financial Transactions (45h)
• Islamic Economics (45h)
• Deposit and Financing Operations of Islamic Banks (45h)
• Islamic Capital Market (45h)

Teaching Assessment

This Certificate is taught through a wide range of learning methods – lectures and group learning, case studies, conferences. To provide additional industry insight, some sessions are delivered by professionals from this business sector. These modules are assessed by examinations and coursework and they comply with CIFP (Chartered Islamic Finance Professional) Part 1.

Duration of Programme:

4 months (180h)

Professional qualifications

Chartered Islamic Finance Professional (CIFP)

The degree covers 4 modules of the Chartered Islamic Finance Professional (CIFP) Part 1. In addition students who successfully complete these 4 modules shall be eligible to apply for exemptions for the equivalent CIFP modules from INCEIF. They shall then qualify to enroll onto the CIFP Programme, or other equivalent programmes at INCEIF. Students, who complete the Adapted Modules, shall be entitled, upon the exemptions being granted, to apply for student membership of the Association of Chartered Islamic Finance Professionals (“ACIFP”).

The CIFP is a collaboration of academia and industry knowledge and skills intended to bridge the demand-supply gap for the Islamic financial services industry. All course modules are designed to provide a platform for participants to exchange ideas and experiences with academics and industry experts. Thus giving participants a better insight in worldwide and cross-cultural perspectives for a robust Islamic Finance industry.

MSc Finance and International Banking

Islamic Banking and Finance Certificate is one of the options in MSc in Finance and International Banking. To be awarded this full MSc degree, students must obtain the Certificate of Finance and the specialised certificate in either Islamic Banking and Finance or International Banking.

This full time, 12-month programme, taught in English at the Reims Management School campus, aims at delivering knowledge in both conventional finance and Islamic banking finance industries. The academic programme includes over 400 learning hours, starting in October until May. Participants may attend the training courses for Finance Certificate dedicated for the CFA level I examination and Reuters Certification (optional) offered by the school.

For further information about this programme, please visit our website http://www.masters-rms.com/en/fcb-en.html

Accreditation

A leading graduate school in France, awarded three international excellence accreditations

With EQUIS, AMBA and AACSB accreditation under its belt since 2000, 2006 and April 2010 respectively, the RMS Group now ranks among the prestigious management schools with the “triple crown”.

These three accreditations – boasted by fewer than 1% of management schools worldwide – guarantee the academic excellence of courses, the recognition of degrees all over the world and confidence in the strategy.
RMS is also one of the leading Management Graduate Schools in France.

Participation in all the key institutions

At the international level, RMS is member of:

• the Association to Advance Collegiate Schools of Business (AACSB)
• the Association of MBAs (AMBA)
• the International Partnership of Business School (IPBS)
• UNIVERSA common application for 6 (at least EQUIS accredited) business schools in France

In Europe:

• the European Foundation for Management Development (EFMD)

In France:

• the Chapitre des Grandes Ecoles
• the Conférence des Grandes Ecoles
• Ecricome common entrance examination
• Sesame common entrance examination
• Ecristart common entrance examination

• CFA preparation: Reims Management School is the first French Business School in launching the CFA preparation among all French Business Schools
• ISLAMIC FINANCE AND BANKING: The only French Business School provides the Islamic Finance Education in cooperation with INCEIF (International Centre for Education in Islamic Finance), Kuala Lumpur, Malaysia

Funding details

Budget is an essential issue for students and their families. The following is a thorough – but not comprehensive – list of possibilities to assist you in organizing your search and finding sources of financing. The RMS Group Scholarship Department is available to students to provide information and advice. There is a wide range of possibilities, depending on your profile:

Higher Education Scholarships (For Sup de Co and Cesem students only) These scholarships are granted by the CROUS (Regional Center for Universities and Studies). They are awarded based on your parents’ last income tax statement.

City Scholarship

• For students who are not from Reims: applications are available from your home city.
• For students who are living at their parents' in Reims or living in Reims for at least 5 years: The application will be available at the Scholarships Service of RMS.

Scholarship from the Conseil Général de la Marne

• For students who are not from Reims: applications are available from your department (Conseil Général).
• For students whose parents live in Marne: information and application are available from Conseil Général website

Scholarships from the Conseil Régional de Champagne Ardenne

• for Sup de Co and Cesem students only
• Information and application form the Conseil Régional website

RMS Foundation Scholarships(For French and foreign RMS students)

This scholarship can go up to 50% of annual tuition fees amount.
A committee meets 3 times a year to allocate the scholarships considering 2 criteria:

• Academic excellence
• real financial need

The application forms are available at the RMS Foundation Office, on campus 2 of Reims Management School. (120 avenue d'Epernay - Reims)

ERASMUS Scholarships granted by the European Union for study abroad

Within the framework of the European SOCRATES program, the European Commission provides ERASMUS student mobility allocations. Reims Management School participates in this program.
Award and amount of these grants are subject to certain European Commission rules:

• The allocations per partner institute are limited to 60 student-months;
• The monthly sum per students is at least 50 Euros (doubled for Scandinavian countries);
• The stay abroad must last between 3 and 12 months;
• The grant cannot be combined with other scholarships or grants from other European Community programs;
• The grant covers only the academic year (from 1 July to 30 September of the following year);
• The grant cannot be awarded to the same student two years in a row.

Further, the European Commission recommends that we take social criteria and equal opportunity into account. .

Jacques Lambert Foundation scholarship

For French students only.

Housing Aid

The Caisse d'Allocation Familiale (Family Allocation Service) pays housing aid (APL or ALS – social housing) under certain conditions (type of housing, income, rent, family situation, etc.).
Applications are available from the Reims Caisse d'Allocations Familiales.