Application for Direct Membership

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2020 IIFP Direct Membership

Application for 2020 Direct Membership Scheme with unique opportunities for acquisition of Islamic finance knowledge, skills and expertise for global best practices with professional membership of the Institute. Participants will have the opportunity of acquiring comprehensive general knowledge of Islamic Finance from academics and professionals in the industry trained by renowned world scholars of Islamic Finance in the best centres across the globe.

TARGETED PARTICIPANTS Practitioners in the Finance industry, civil servants, Finance Experts, Entrepreneurs, Sharia Scholars, Academic and Researchers, Graduates and other interested members of the public.

OUR OBLIGATIONS –  To create better awareness regarding the propositions of Islamic finance; – To foster excellence in academic and professional practices in Islamic finance through the promotion and development of professional talent and expertise in all spheres of Islamic non-interest financial service industry’; – To issue proficiency/membership certificate or Certificate of Attendance to members – To determine the acceptable knowledge, skills and experience to attain by persons seeking recognition as Islamic/non-interest finance professionals and experts in Nigeria; – To do all such other lawful things as may be considered to be incidental or conducive to the attainment of the above objectives or any of them.

TRAINING FOCUS: – Functions of the Islamic financial system – Historical perspectives of Islamic finance developments in Nigeria, Africa and the World. – Implementation of Islamic finance principles of zakat, Waqf and Sukuk for Associations, Religious organizations, corporate entities & Governments -International Islamic finance infrastructures – Islamic banking contracts and products – Islamic banking infrastructure – Understanding Islamic Banking, Principles, Practice and Regulation – Islamic Capital Market & Assets Management – Islamic Economics Management and Business Environment – Islamic financial markets and intermediaries – Basic Sharia Principles & Legal System for ethical business transactions – Models of Islamic banking system and global best practices – Principles and practice of Shari’ah advisory (Advisory Committee of Experts) services – Principles of Islamic Economics and establishment of socio-economic justice – Risk Management in banking and Takaful operations – The economics of Riba (Interest), impacts and management

MEMBERSHIP PROCESS VIA THE INSTITUTE’S DIRECT MEMBERSHIP SCHEME (DMS) CRITERIA FOR MEMBERSHIP CONSIDERATION – Fellow member (Minimum of 15 years working experience with prior relevant trainings in Islamic finance – Associate member (Minimum of 10 years working experience) – Research member (He/ she must be a graduate and possesses a post graduate degree with interest in research) – Graduate member (Graduates of Universities. Also Universities final year students and Nigeria National Youth Services Corps members).

  1. APPLICATION PROCEDURES Interested applicants are to make payment for the appropriate application form (See Table 1). Thereafter, fill the online application form either through the ‘Make Online Payment’ tab for those that would make online payment. Others that would make payment through other means are to click the ‘Bank Payment Form’ tab to fill their application form and attach their evidence of payment.

Table 1: Application form fee

Application Form FeeFellowAssociateResearchGraduate
AmountN20,000N15,000N10,000N10,000

2. The Institute’s DMS Application Assessment Panel would communicate to the applicant indicating the approval of membership application or otherwise.  Successful applicant can proceed and make payment for the annual subscription and membership fee.

Table 2: Subscription and Membership Fees

FeeFellowAssociateResearchGraduate
Annual SubscriptionN10,000N10,000N5,000N5,000
Membership FeeN35,000N30,000N20,000N20,000

Evidence of payment must be sent to accounts@iifp-ng.org  for each payment. Payment must be acknowledged with an official receipt of the Institute.

3.  INTENSIVE GRADUATE CONVERSION PROGRAMME (IGCP)
APPROVED PROFESSIONAL TRAINING CENTRE (MEADOWS CONSULT) TRAINING SCHEDULE

After successful completion of membership procedures as stated above, applicants will be issued a letter of registration which will enable him or her to participate in the subsidized compulsory Intensive Graduate Conversion Programme.

Under the fast track admission policy of the Institute, certified professional members have been issued practicing license to conduct an intensive general introductory course on Islamic finance and charge fee as prescribed by the Institute. The Certificate of Completion of the IGCP is one of the prerequisite for induction as a professional member of the Institute.

Table 4: Scheme 1: Training Schedule

LocationDates (2020)Venue
Lagos1. February
2. May
3. September
1. Saturdays February 24th, March 3rd & 10th
2. Saturdays 12th, 19th & 26th
3. Saturdays 15th, 22nd & 29th
LCCI Alausa, Ikeja, Lagos State
Abuja1. February
2. May
3. September
1. Saturdays February 24th, March 3rd & 10th
2. Saturdays 12th, 19th & 26th
3. Saturdays 15th, 22nd & 29th
Merrit House Hall, Maitama District, Abuja
Other Statesvenue and date will be announced sequel to applications received
PaymentFEE: N30,000:00
[Training Pack, Meal (Lunch), Certificate of completion of Programme]
Meadows Consult, Jaiz Bank Plc, 0002381303

NB:  LCCI – Lagos Chamber of Commerce and Industry Exhibition and Conference Centre.

For further Enquiries, Registration and Payment: 
08116032112, 08153636353, WhatsApp 08058573287. directmembership@iifp-ng.org

4. The Institute offers a special training session for Senior Executive Officers and other willing members of the public. In addition to other details presented above (Application procedures 1 and 2), interested applicants are to apply using the following details.

Location-Dates (2020)-Venue

Lagos March——Thursday-Saturday 22nd – 24th
July——Thursday-Saturday 19th-21st
                 Federal Palace Hotel, Victoria Island, Lagos)

Abuja March—-Thursday-Saturday 29th – 31st
July         Thursday-Saturday 26th-28th
                NICON HILTON Hotel, Maitama, Abuja

Other States venue and date will be announced sequel to applications received

For further Enquiries, Registration and Payment:
08116032112, WhatsApp 08058573287
exedirectmemprog@iifp-ng.org

Payments Fellow Associate
Application form fee N20,000 N15,000
Annual Subscription N10,000 N10,000
Membership Fee N35,000 N30,000
Others: Training Pack, Meal (Lunch), Induction
Others N210,000 N210,000
Total Package N275,000:00 N265,000:00

Payable into: Institute of Islamic Finance Professionals
Jaiz Bank: 0002607748
Sterling Bank: 0500726982

DIRECT ENQUIRIES: Calls:  08116032112, 09059621113, 08071059293 WhatsApp: 08058573287, 08023254247 Emails deputyregistrar@iifp-ng.org Office Plot 105, Kunle Akinosi Street, Apapa Expressway, Oshodi, Lagos State, Nigeria.

Jimoh Abdulmumin Babatunde BSc, MBA, MSc, FCA, FIIF. Registrar/Chief Executive Institute of Islamic Finance Professionals, Nigeria. And Coordinator, IIFP International District Societies (UK, USA, CANADA)