Islamic Finance at La Trobe (Issue 13, 2012)

Islamic banking

Islamic financeLa Trobe University offers Islamic Finance Professional Development (IFPD) Certificate in collaboration with Dubai’s Ethica Institute of Islamic Finance. This certificate was the first of its kind in Australia. La Trobe Business School is now making the certificate more accessible through online delivery. 

With Islamic Finance now a $1.4 trillion-dollar global industry, La Trobe University will run a six-week intensive online professional development course from Monday 9 July 2012.

La Trobe’s expert in Islamic Finance, Associate Professor Ishaq Bhatti, says the course provides high-quality training for the growing needs of the industry.

Offering academic and industry knowledge of Islamic finance products for banking in Australia and overseas, it includes online modules, class activities and practical research projects relevant to the individual interests and expertise of students.

On completion of the course – which can be credited to La Trobe’s Masters of Islamic Banking and Finance program – students will receive an IFPD certificate from the University and be awarded an Certified Islamic Finance Executive (CIFE™) from Ethica.

‘La Trobe is already a pioneer in the field with one of the world's few Masters programs in Islamic Finance. Now, with an e-learning component, we can also tap into the growing demand for Islamic Finance from students in India, China, and the Middle East,’ says Dr Bhatti.

‘The rapid growth in Islamic Finance, and the response by both the Australian authorities and the finance industry, points towards a growing demand for trained professionals in this area,’ says Executive Dean of the Faculty of Business, Economics and Law, Professor Leigh Drake.

‘La Trobe will continue to understand the needs of the industry, and play a supportive role as it continues to grow and develop.’

Course organiser, Mr Almir Colan says ‘Islamic finance encourages mutual cooperation, generosity and risk sharing. Instead of charging interest, Islamic banks derive their profit by trading, investment or leasing.

‘What we are trying to do is open our eyes and minds to different ways of dealing with finance.’

For more information about the course, visit