FAQs on CPIF Professional Qualification


Is the CPIF equivalent to a Bachelor’s or Master’s Degree?
CPIF is the professional qualification that is recognised under the Islamic Finance Profession Charter and is not required to follow academic framework. However, completion of CPIF is aimed to be as equivalent to Master’s degree. CIIF will seek for proper accreditation and equivalency by relevant authority such as Malaysian Qualifications Agency (MQA) in the future.
Why should I take CPIF after having a Bachelor/Master/PhD in Islamic Finance? What good does it do to me to have CPIF on top of my Islamic Finance qualifications?
  • Having the CPIF signifies the beginning of your on-going development as a professional.
  • Completing the CPIF means being certified by a professional body and signify that you are ready to deliver quality professional services in today’s financial sector.
  • The CPIF programme covers a comprehensive range of competencies that will allow candidates to assume wide-ranging role and responsibilities, culminating in a leadership position.
  • Having a CPIF demonstrates your commitment to ethical and responsible Islamic Finance practice and conforms to the accepted professional standards.
Are Islamic Finance practitioners with CPIF viewed as highly as other professional certifications such as ACCA, CFA, CIMA, CPA, etc?
  • As the CIIF works towards attaining formal recognition outside of Malaysia, it is envisioned that members of other professional bodies be well-placed to add to their highly respectable credentials by attaining the CPIF.
  • In coming up with the CPIF programme, CIIF works closely with renowned IF experts, and the content are developed, syndicated and approved with the IF industry experts. This means that the CPIF programme will produce practitioners which the IF industry is readily looking for.
How long does the programme takes to complete?
  • Since this is a self-study programme and candidates will study in their own pace, the total duration for completing a course will differ based on each individuals.
  • The details of classes and other learning aids will be provided by our education partners (Please contact us for further details on this).
  • It will take minimum 2 years to complete the CPIF programme depending on successful completion of each level. Candidates are required to register a minimum of 2 modules per examination sitting.
Is it compulsory for you to be in the banking industry, takaful companies or any financial institutions to study CPIF?
Not compulsory. However, being in the core industry sectors will be an added advantage and be recognised as relevant work experiences in order to progress your membership
I don’t have any experience or background in banking, takaful or finance. Can I study CPIF?
If you wish to gain knowledge in Islamic finance, to attain professional qualification or to explore careers opportunity in the Islamic finance industry, CPIF is an option for you.


What is the minimum entry requirements for CPIF?

An individual is required to complete/pursue a recognised academic qualification to register for CPIF Foundation level. Completion of Foundation level will allow them to progress to the Intermediate level, and so forth.

  For experienced professionals, and those with Islamic Finance qualifications, you may request exemptions for certain modules or levels. Exemptions are subject to the approval of the Committee.

When are the examination will be held?
Examinations will be held every June and December of the year.
Do you register for the entire level (e.g. Foundation/ Intermediate) or do you register by each module?

You are required to register a minimum of 2 modules of the respective level per examination sitting.

Example: 2 Foundation modules for June sitting. 2 Foundation modules for Dec sitting.

Will there be classes conducted to help us study the courses and prepare for the exams? How are the classes conducted?
You may opt for CPIF classes and learning aids, conducted by our approved education partner (currently INCEIF). The courses will be conducted via online learning (e.g webinar) with a mixture of physical classroom sessions, where applicable.
How are the exams conducted?
Currently, exams will be paper-based and conducted at specific exam centres. Online, computer-based and other type of assessments will be introduced in the future.
Do the course registration fees include classes / training with the education partner?
No. Charges for classroom and learning aids with our education partners are not inclusive in the registration fees. Please contact us for further details on this.
What documents do I need to provide to register for a course / exam?
  • If you are already a CIIF member, you are only required to provide your CIIF membership number to register.
  • If you are a non-member, you will be required to register for CIIF membership and CPIF by providing the following documents:
    • Certified true copy of MyKad for Malaysian.
    • Certified true copy of passport for Non-Malaysian (page with you photo and details)
    • Latest academic certificates/transcripts (CTC by Commissioner of Oath or Employer)
    • CV/Resume
    • Confirmation of employment by employer if you are currently working.
What will I get upon registration for a course?
  • Official confirmation and receipt of the course registration
  • Study texts: both in pdf version (will be made available for download) and hardcopy (optional)


Upon submission of my application for CPIF, am I eligible for an exemption?
Yes, you may apply for a full exemption (except for Professionalism & Ethics module) and it is subject to committees approval.
Is there a fee for applying an exemption?
Yes, exemption fee per module will apply. You are required to pay your exemptions as soon as you have received the invoice.
When can I apply for exemptions?
You should apply for exemptions when you first register as a student for CPIF. Please be aware that you must wait until your exemptions have been approved before proceed to any course of study.
How does CIIF decide on the level of exemption?
Our evaluation for exemptions will be based on the exemptions framework that consider different attributes of individual professional achievements, expertise and contributions to the industry.


What are the fee structure for the modules and exams?
Please refer to the fee structure in the table provided above, or in the CPIF prospectus
Is there any scholarship available?
  • At the moment, there are no scholarships being offered by CIIF.
  • However, some employers do provide scholarships/subsidy/support for continuing professional development courses, depending on the organisation policies. Do speak to your employers for such opportunities.
  • There is also tax relief given to Malaysian Citizens for pursuing Certificates in Islamic Finance