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Islamic Finance Training Gets Major Boost: Ethica Launches Subsidized Pricing For Developing Countries

DUBAI, United Arab Emirates, April 9, 2012 /PRNewswire/ --

The world's most heavily-enrolled Islamic finance certification program became a little bit more accessible to the world today. Ethica Institute of Islamic Finance, now training over 20,000 bankers and students in 44 countries, lowered prices by nearly 50% for all residents of developing countries.

What motivated the bold move? "We noticed that with Ethica's growing popularity, we were having to turn away many highly motivated professionals and students," said Ethica's spokesperson in a recent statement. "We think subsidized pricing helps spread the message of Islamic finance, especially in the wake of the global financial crisis, while the world rethinks its relationship with conventional, interest-based finance." Ethica has as many as 20 times more students than most of its competitors, with paying users in more than 100 banks, universities, law firms, and insurance companies.

Ethica's e-learning platform enables banks to train thousands of staff across branches while giving HR centralized control. The platform also allows universities to incorporate practical Islamic finance knowledge into existing on-campus programs. Ethica's 4-month Certified Islamic Finance Executive (CIFE) program is the only 100% online and 100% AAOIFI-compliant certificate available in the market today. AAOIFI is the Accounting and Auditing Organization for Islamic Financial Institutions, the industry's leading standard-setting body and the de facto standard for over 90% of the world's jurisdictions.

The new subsidized price list for developing countries can be found at 

About Ethica Institute of Islamic Finance

Winner of "Best Islamic Finance Qualification" at the 2011 Global Islamic Finance Awards, Ethica ( is chosen by more professionals and students for Islamic finance certification than any other organization in the world. With over 20,000 paying users in 44 countries, the Dubai-based institute is accredited by leading scholars and serves banks, universities, and professionals across over 100 organizations. To watch an Ethica training video click here For more information about this article, or to schedule an interview with Ethica Institute of Islamic Finance, please call Sameer Hasan at +971-4-455-8690 or e-mail at

SOURCE Ethica Institute of Islamic Finance

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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