THE ISLAMIC FINANCE COURSE

THE ISLAMIC FINANCE QUALIFICATION– PURPOSE | OBJECTIVE | BENEFITS

The Islamic Finance Qualification (IFQ) is appropriate for existing and new employees and those seeking a career in Islamic banking & finance. It prepares candidates to hold key jobs and positions in the Islamic finance, banking and takaful (Islamic insurance) industries.

THE ISLAMIC FINANCE QUALIFICATION- RECOGNITION

The Islamic Finance Qualification (IFQ) is an industry leading qualification which is supported by the Central Bank of Lebanon (Banque du Liban).The Islamic Finance Qualification is recognised by Ofqual as the Level 3 Certificate in Islamic Finance (IFQ). This qualification is regulated by Ofqual as a level 3 qualification on the Regulated Qualifications Framework (RQF). Success in this qualification carries with it 13 RQF credits.

IFQ-ELIGIBILITY.

Primarily this certificate is aimed at people who already have a professional accountancy qualification. It will be particularly valuable if you are new to the practice area of Islamic Finance. If you do not hold a professional accountancy qualification, it offers the opportunity to gain formal recognition of your Islamic Finance knowledge and skills. Call us at 9320007893|94|96|97 to know your more on IFQ Eligibility

ACCA Qualification body

ACCA (Association of Chartered Certified Accountants) is the global body for professional accountants. ACCA has more than 208,000 fully qualified members and 503,000 students worldwide. ACCA members are among the world’s best-qualified and most highly sought-after accountants working in every sector you can imagine. Multi National Corporations trust the ACCA designation. The ACCA is constantly connecting businesses large and small, governments, educational establishments and industry experts, thus positioning on top of emerging trends, legislation and legal requirements, helping to shape future roles. As a result the ACCA is able to create the innovative, strategic-thinking Finance & accounting professionals our fast-changing world needs.
To learn more about the qualification, click here

FAQs

Eligibility

If you have passed 12th standard call us to know your pathway to ACCA.
2. Are there any exemptions in ACCA Qualifications for me?

Click link below to check exemptions applicable to you
http://www.accaglobal.com/in/en/help/exemptions-calculator.php

Jobs

1. There are enough job opportunities globally, how about employment opportunities in India.?

   Employers in India are increasingly recognizing the need for accounting & finance professionals with global skills. ACCA members are hired in large numbers across sectors and business functions in India.
   To Search jobs click on: https://jobs.accaglobal.com/
   Click here for globally approved employer list: http://www.accaglobal.com/pk/en/help/approved-employer.php

2. What is the start salary of an ACCA degree holder?

   The start salary of an ACCA degree holder in India ranges from INR 3.5 to 6 lakhs p.a. Salaries abroad are indicated below (Source: accaglobal.com-2015)

   	INR
   UK	28 - 40 lakhs
   Singapore	24 - 30 lakhs
   Switzerland	47 - 61 lakhs
   Hong Kong	25 - 27 lakhs
   Australia	32 - 40 lakhs
   Dubai	12 - 15 lakhs

CA Specific  

1. I am already a Chartered Accountant, how will ACCA add to my career prospects?

   Congratulations on your CA Degree. You have thorough knowledge of Indian Accounting & Taxes. It is now time to acquire ‘global perspectives’ and widen your horizon. You need to appear only for the last 4 papers of professional level (you can complete them in 6 months) & this will become your window to opportunities around the world.

2. I have recently dropped out of the CA Course. Should I pursue ACCA?

   ACCA is just the right degree for you since most of the syllabus is in common and the structure of the exam makes it less rigorous & more doable. The relatively higher passing rates will enable you to clear the exam easily. In case you have cleared your graduation and / or IPCC, you will be eligible for exemptions.

3. I am in Class 12 & confused between CA & ACCA. I need guidance.

   Refer the fact sheet below and take a prudent decision based on your aptitude, ability to work hard and final career goals.
   
   

   Particulars	CA	ACCA
   Knowledge	•  Accounting INDIAN Taxes & Laws, Finance, Costing & Audit.	• GLOBAL Accounting, GLOBAL Taxes & Laws, Finance Costing & Audit. •   ACCA students learn INDIAN Taxes & Laws on the job & by attending “specially designed workshops”.
   Practice in India	• Can sign Balance Sheet in INDIA ONLY. •  Note very few CA’s actually sign B/S through their corporate careers.	•  Can sign B/S in UK & few other affiliate countries. •  However, ACCA members – Work in audit teams in India along with CA team members. •   Global   Accounting   knowledge   –   highly valued by Indian Companies.
   Time Taken	•   4 – 5 Yrs. for 1st attempt. •  Coaching time is 3000 hours in class. •   Self-study time is 3000 hours.	•   3 Yrs. •   Coaching time is 1500 hours in class. •   Self-study time is 1500 hours.
   Pass % (App.)	•   5 – 7% only.	•   45 – 65% Globally.
   Exams Attempt	•   Twice a year. •  Group wise (min. 4 papers to 8 per attempt). •  Min. 40 % per subject & Avg. 50%.	•   Four times a year. •   Flexible – min. 1 paper per attempt. •   Any sequence, min. 50% in each.
   Life Style during senior college	•   College – 4 hours (morning). •   8-10 hours Articleship. • Early morning/ weekend lectures, 4 – 5 hours. •   Self-study time is challenging.	•   College – 4 hours (morning). •  Practical    experience    recommended post ACCA. •  3 – 4 hours afternoon Lectures, thrice a week. •   Sufficient time for self-study.
   Recognition	•   Majorly in India.	•   Globally – students in 181 countries.
   Salary in India	•   4 – 7 lakhs p.a.	•   3.5 – 6 lakhs p.a.
   Your Investment	•   3.5 – 4 lakhs.	•   3.5 – 4 lakhs.

   You may also refer to the link below for any other question related to any specific area:
   http://www.accaglobal.com/in/en/help.php