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Associate Qualification in Islamic Finance (AQIF)
AQIF is IBFIM's core-level Islamic finance qualification: a five-module programme (plus a preparatory class) that culminates in one final assessment — a 100-question multiple-choice remote online examination of 2 hours 30 minutes with a 60% passing mark. It is step 1 (core) of IBFIM's three-level Islamic Finance Qualifications Framework leading toward the Certified Qualification in Islamic Finance (CQIF).
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Questions100 multiple-choice questions
Testing time2 hours 30 minutes
Scoring60% passing mark; no distinction or graded award levels are published
Exam feeMYR 300 (USD 95) assessment fee for the final examination, listed inclusive of 8% Sales and Service Tax; the complete AQIF programme (five modules + preparatory class + assessment) costs MYR 9,501.60 online / MYR 11,912.70 face-to-face
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Exam overview
What to know before choosing your prep
- Who runs it
- IBFIM
- Category
- Banking & Trade Finance
- Current version
- Current specification; no public version label (published in IBFIM's Products and Services 2026 catalogue)
- Where it applies
- MY — national
- Exam languages
- English, Malay
- Testing provider
- IBFIM (self-administered; no third-party testing vendor is named)
- Format
- Remote online examination; the assessment is offered online only (no face-to-face assessment option — the face-to-face column for Assessment is '–'), while the taught modules can be taken online or face-to-face
- Availability
- Assessment on fixed cohort dates — three sittings in 2026 (11 June, 3 September, 26 November) following each cohort's module calendar; all dates subject to change
- Results
- Results announced to candidates via email
- Remote testing
- Available
Exam structure
One final assessment (100 multiple-choice questions, 2.5 hours) at the end of a five-module fundamental-level programme: M1 Philosophy and Fundamentals of Shariah for Islamic Finance (14 hrs online / 2 days F2F), M2 Application of Shariah in Islamic Finance (14 hrs / 2 days), M3 Ethics in Islamic Finance (7 hrs / 1 day), M4 Legal Aspects and Governance for Islamic Finance (7 hrs / 1 day), M5 Islamic Finance Architecture (14 hrs / 2 days), plus a 4-hour online / 0.5-day preparatory class before the assessment
Where rules vary
A Malaysian professional qualification in Islamic finance issued by IBFIM, a Kuala Lumpur-based institute; the programme covers Malaysia's regulatory framework and is open to both local and international participants, with IBFIM-recognised Learning Centres in Malaysia and abroad (e.g. TYC Finance Limited, Hong Kong).
Eligibility
Entry requirement: Sijil Pelajaran Malaysia (SPM) / O-Level (see notes for the attendance requirement)
Retake policy
Unlimited attempts; a failed or missed attempt requires joining another examination session and paying another examination fee; non-attendance is marked as absent