FAQs

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How is Infinity Consultants (Infinity) able to offer the IFQ in India?
Are there any prerequisites for taking the IFQ?
How do candidates register for the IFQ?
How much work is required to prepare for the IFQ exam?
How much does it cost to take the IFQ?
Does Infinity offer any discounts?
Does Infinity provide any value-added services to the candidates?
Can we pay the IFQ fees in Indian Rupees?
What is the Registration Fees?
Are they any additional benefits of signing up for the IFQ?
Are they any additional Higher Level Qualifications after the IFQ?


How is Infinity Consultants (Infinity) able to offer the IFQ in India?

Infinity Consultants have been formally appointed as Authorized Distributor for the IFQ by the CISI, and in this capacity are able to offer the IFQ in India.

 

Are there any prerequisites for taking the IFQ?

There are no prerequisites for this qualification.

 

How do candidates register for the IFQ?

To register for the IFQ, contact Infinity at ifq@infinity-consult.com or call +91 80 6547-3517 with your details.

 

How much work is required to prepare for the IFQ exam?

CISI recommends approximately 130 hours of personal study time to adequately prepare for the IFQ exam.

 
How much does it cost to take the IFQ?

The cost of the IFQ certification is GBP 295 which is broken up as follows:

  • Exam Fees: GBP 190
  • CISI Registration Fees: GBP 25
  • Workbook Price: GBP 80
    TOTAL FEES = GBP 295

 

Does Infinity offer any discounts?

Infinity as an Authorized Distributor for the IFQ is able to offer the best pricing and special discounts from time to time and also for students interested in taking the IFQ. Contact Infinity at ifq@infinity-consult.com or call + 91 80 6547-3517 for further details.

 
Does Infinity provide any value-added services to the candidates?

By virtue of being a leading Islamic banking & finance training & advisory firm, Infinity also provides candidates with mentoring and clarification services throughout the period of their study.

 
Can we pay the IFQ fees in Indian Rupees?

Infinity allows you to directly pay your IFQ fees in Indian Rupees by remitting your payment locally.

 
What is the Registration Fees?

The registration fee is a single payment for every candidate taking an exam. Once the fee is paid there is no repeat registration fee required, no matter how many times a candidate takes exams, including additional CISI qualifications. Please note that the registration fee is separate from the exam fees which you must pay when booking an exam.
 

Are they any additional benefits of signing up for the IFQ?

Individuals who successfully complete the IFQ are eligible to become Associate members of the CISI and be entitled to use the designatory letters, ACSI. Once registered to take the IFQ exam candidates will be registered as student members for 12 months. Information on the merits of membership are available at www.cisi.org/membership

 

Are they any additional Higher Level Qualifications after the IFQ?

Upon successfully completing the IFQ, candidates can pursue higher level qualifications in Islamic banking & finance such as:

  • Diploma and Advance Diploma in Islamic Finance (Launching 2015/2016) 
    In partnership with the Bahrain Institute of Banking & Finance (BIBF), CISI is launching a new qualifications pathway for Islamic Finance practitioners. Based around the established Islamic Finance Qualification (IFQ), this new pathway offers Fundamentals of Islamic Finance, a foundation level (Level 2) qualification as an entry point for those wishing to develop the essential knowledge in the industry before progressing to the IFQ. After achieving the IFQ, the pathway provides practitioners with the opportunity to demonstrate and consolidate their knowledge through specialist diploma level qualifications. The Level 4 diploma qualifications provide a higher-level pathway for Islamic Finance professionals. It provides an in-depth analysis of Islamic principles for practitioners to demonstrate their advanced knowledge of the markets and practices. Units at Level 4 include:
    1. Risk Management
    2. Accounting for Islamic Finance Institutions
    3. Shari’a Auditing, Governance and Ethics
    4. Islamic Finance Markets and Instruments

Download the IFQ Pathway Brochure

 

  • Diploma in Islamic Banking & Finance from Institute of Islamic Banking & Insurance (IIBI), UK

    Candidates who have passed the IFQ can directly apply for IIBI’s Diploma.

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