Certificate in Islamic Economics, Banking and Finance (CIBE)
> Frequently Asked Questions (FAQ)
Frequently Asked Questions (FAQ)
Can I take Certificate in Islamic Economics, Banking and Finance with any other bachelor program?
The certificate program can be taken with all programs except BA ALS, BAIS, BED English, BBA, BScIEBF and BScPSY.
What are the minimum and maximum periods in which the Certificate in Islamic Economics, Banking and Finance may be completed?
Certificate in Islamic Economics, Banking and Finance is just a 2-semester program that can be completed in a minimum duration of 1 year or in maximum period of 3 years.
What if one fails to complete the curriculum in the maximum assigned duration?
The maximum duration allowed for completing the Certificate in Islamic Economics, Banking and Finance course is 3 years. If a student exceeds the allotted time duration without completing the required number of courses, then he/she will need to repeat their oldest courses on a case by case basis. For example, if one enters in the 4th year of study s/he has to repeat their first and second semester courses again.
Where does the coursework take place?
The International Open University is an online educational institution. The entire program is taught online via internet. Anyone, from any part of the world, can join easily and benefit from it. Insha'Allah.
What shall I do if I have a slow internet connection?
It is strongly recommended for IOU students to have a high-speed internet connection. However, if a student does not have a high-speed connection, s/he can download audio and video lectures that can be watched or listened to offline.
How do I take exams?
Module tests and midterm exams can be taken at home within the prescribed period. The final exams must be taken only in an IOU approved exam center. There are several designated IOU centers across the globe. You may look for a center near you before the exams begin and register for it. If there is no IOU approved exam center nearby, you can suggest an exam center and if it will meet our requirements, we will approve it even if you are the only student taking exams in it. Insha’Allah. Please read the exam center requirements by clicking on the link http://www.islamiconlineuniversity.com/iap/requirements-exam-center.php
Is there any fee for taking the exams?
No, there are no examination fees charged by the IOU. However, students might have to pay fees to the exam center directly, if requested. Therefore, we advise students to confirm with the centers beforehand.
I want to join the Certificate in Islamic Economics, Banking and Finance program. Where do I begin?
The International Open University is an online educational institution. The entire program is taught online via internet. Anyone from any part of the world can join easily and benefit from it. Insha Allaah. Admission is open throughout the year. If a student is admitted and enrollment is closed, s/he will begin studies in the following enrollment phase.
Before you begin the registration process, make sure that you have your personal information and necessary scanned images ready on your PC. The registration form is available here:http://www.islamiconlineuniversity.com/campus/login/signup.php Please choose the program ‘Islamic Banking and Finance’ and the stream (CIBE),Certificate in Islamic Economics, Banking and Finance.
Kindly find the admission process here: http://www.islamiconlineuniversity.com/cibe/process.php
Once all the required documents are uploaded, you will receive a reply from the registrar regarding your admission confirmation and fee payment details within 3 days, Insha Allaah. If you do not receive any reply, please contact the IOU Info Desk at firstname.lastname@example.org.
What does the enrollment process entail?
Upon the completion of the 3 registration steps, the payment of the fees included, you will receive an email with the enrollment instructions a few days before the beginning of the semester during the regular enrollment period. If you have completed the registration before or after the regular enrollment period, you may enroll via the early enrollment system by visiting this link.
Please note that you have only two attempts to enroll. Therefore, you should choose your courses carefully. Staff will be able to help you only if there is some genuine reason.
When will enrollment and classes begin?
The International Open University offers two terms each year.
Spring Semester - March to July
Fall Semester - September to January
The exact dates for the enrollment during the regular period, which is at the beginning of the semester, are announced on the site news before the semester begins. The early enrollment for those who want to enroll during the non-regular period can be accessed via this link.
When does the late registration period start?
Registration is open all year round though we advise you to register right away. You will be able to register in the current semester if the deadline has not passed. If the deadline has passed, you will be registered for the following semester and you may enroll in the courses via the early enrollment system.
The deadlines of registration are broadly divided into three categories:
Early Registration Period:
Spring: beginning of October to mid-February
Fall: beginning of April to mid-August
Regular Registration Period:
Spring: mid-February to mid-March
Fall: mid-August to mid-September
Late Registration Period:
Spring: mid-March to end of March
Fall: mid-September to end of September
Registered students will be sent the exact dates of each semester a couple of weeks before the semester starts.
How much are the tuition fees?
Alhamdulillaah, all the courses are tuition-free, however, there are affordable semester registration fees applicable based on the development of the country of residence
Please see more details and sliding scale fees structure here:http://www.islamiconlineuniversity.com/cibe/scale-fee.php These are the only fees we charge per semester. The course material is provided free of cost. Additionally, there is an e-library available as a study aid for the students.
What is the level of English required to join IOU Certificate in Islamic Economics, Banking and Finance?
The course content is explained very clearly with the help of lectures recorded by the instructors and recorded supplementary sessions conducted by the tutorial assistants. You can contact the teacher if you have any questions about course content. Although, the courses are simplified as much as possible, it is preferable that you first register for a free Certificate course http://islamiconlineuniversity.com/opencampus and try to complete at least one Certificate course. If you are able to understand the lectures and texts of the free Certificate course, then you should be able to study in the Certificate in Islamic Economics, Banking and Finance program with no difficulty insha’Allah.
Please note that if you realize later that you are not able to understand the course content and need to withdraw from the program, there will be no refund. Therefore, we request that you pay only after careful consideration.
If my transcripts are not in English, will you still accept them?
In order to make the process easy for the students, IOU has translators available who will translate your documents (for some languages). Please check with us to see if we have a translator for the language your certificate is in. If we do not have translation services available for your language, your non-English high school transcripts and certificate must be fully translated into English and notarized by a notary. You must submit the original transcript along with the translated copy. A copy of the translated notarized copy should be uploaded during the online registration process.
What is the minimum required qualification to apply for CIBE ?
The minimum required qualification to apply for our accredited online Certificate in Islamic Economics, Banking and Finance program is completed high school. The high school certificate/diploma is the credential awarded to a secondary school student for successful completion of high school level (approximately 12 years of study).
Those who have completed further studies and have degrees beyond high school may submit those certificates if they have no longer their high school certificate with them.
Do I have to re-register if I wish to do Diploma or Bachelors in Islamic Banking and Economics after completing this certificate course? Furthermore, do I have to repeat the same courses or have to pay any credit transfer charges?
International Open University aims to facilitate opportunities to the students so they may excel in Islamic field. Students who have completed their Certificate in Islamic Economics, Banking and Finance and wish to start either diploma or bachelor in the same field the following semester can apply for the upgrade of their stream.
Students are not required to either re-register, repeat any of the courses or to pay the credit transfer charges. For further details, please email at email@example.com .
I forgot my password, what should I do?
In order to reset your password, click on the 'forgotten password' button located just under the login fields. If your password reset was not successful and you are still unable to log in, email to firstname.lastname@example.org . Please do not create a new account; having multiple accounts with IOU is not allowed under any circumstance.
I forgot my login credentials and I cannot recall my IOU registered email ID, what should I do?
If you forgot your login details or are unable to access your old email account, kindly email to email@example.com . Please do not create a new account; having multiple accounts with IOU is not allowed under any circumstance.
Can I take extra courses that are not part of the curriculum of my program?
Yes, you may take courses from other IOU degree, diploma or certificate programs. This includes courses that are outside the integral part of their program.
These extra courses will appear on a student's permanent academic record with the final course mark and noted as "EXT". However, they are not included in calculating the student's Grade Point Average.
Is an English language certification like TOEFL or IELTS required?
No. English language certification is not a requirement for any of the IOU programs. However, you should be aware that English is the medium of instruction for the entire program and you need to have a good command over the language to enroll into the program. You must display the ability to communicate effectively in terms of reading, writing and speaking fluently in English. This is vital for your success as a university student.
What will happen to the uncommon courses when I change my stream? Will my grades for such courses be recognized and mentioned in my final transcript.
Yes, these uncommon courses will appear on the student's permanent academic record with the final course mark and noted as "Additional Courses". However, they are not included in calculating the student's Grade Point Average and do not count towards the degree, diploma or certificate credit.
When IOU’s site says it is accredited globally, does it mean IOU's degrees will be accepted by universities in all countries including US, Canada, Australia, UAE, etc.?
We cannot claim that ALL universities will accept IOU's degrees, as it each country has its own practices and standards for recognition of university credits and studies, accreditation and/or recognition of prior learning (RPL). As such, IOU can only focuss on meeting requirements for registration, accreditation and endorsement in our host countries. Through international higher education conventions, a registered and accredited university of a particularly country is recognized globally, however, some countries and universities may reserve the right not to recognize another’s qualifications - which is completely beyond the control of the degree-issuing university. The Islamic Online University (now renamed to the ‘International Open University – The Gambia’) is fully registered and accredited with the Ministry of Education, Culture and Higher Education in the Somali Federal Republic. Our newly-relocated head offices are in The Gambia. We are registered with the National Accreditation and Quality Assurance Authority (NAQAA) of Gambia and awaiting finalization of our institutional accreditation. The ‘Islamic Online University’ also holds provisional registration with the National Council of Higher Education (NCHE) in Malawi. We have multiple satellite campuses in various countries world-wide that operate under the registration and accreditation obtained in our host countries (Somali Federal Republic, The Gambia, and Malawi). Whilst every effort is made to fulfill, meet and maintain registration and accreditation requirements in our host countries; as per international practice, the recognition of IOU-issued qualifications in non-host countries is at the discretion of their relevant national councils, that have diverse criteria for accepting foreign qualifications. As such, we encourage all our students not residing in our host countries to validate the recognition of the qualification with their national authorities. IOU is governed by the regulations and quality assurance practices and policies of our host countries.
May I know the universities where IOU's graduates were able to take admission in higher/postgraduate studies based on IOU's issued degree?
While it is quite difficult to keep track of this, we have been notified of some of our graduates pursuing postgraduate studies in Indonesia and Gambia.
How is it that IOU is accredited by the Somalia's Ministry of Culture and Higher Education however, the institution as per the credentials is located in The Gambia? So is IOU following the Gambia standards and legislation or Somalia?
IOU is registered and accredited in Somalia. This was the first country in which IOU received full registration and accreditation. IOU then subsequently applied for registration in Gambia and has established a headquarters there. The finalization of registration is underway in The Gambia. We hope to conclude the finalization soon, In sha Allah. IOU also has provisional registration by the National Council of Higher Education in Malawi. We are also busy with the finalization of registration in Malawi currently. Once full registration is granted in Gambia and Malawi, IOU will then shift completely over to their systems and legislation.
As IOU has signed Memoranda of Understanding (MoUs) with various universities, will the graduates of IOU be eligible for the admission/credit transfer in the said university automatically?
The onus lies with the applicant seeking credit transfer externally to apply using the standard IOU-issued documents. In the motivation of the application, the student may naturally refer to an MoU in place.
The other university will follow their procedures to determine the validity and scope of the MoU. If the MoU explicitly cites credit transfer/recognition, then the applicant should not face challenges.
However, there are instances where admissions departments of partner universities might not grant credit transfer of some/all courses because the MoU might not have been intended for the purpose of credit transfer, or there could have been changes to syllabi that prevents credit transfer, as courses between IOU and partner university are no longer aligned.
It would be best to check the conditions of the MoU in place with the specific partner university to explore its scope.
Does IOU accept students of other institutions or recognise work experience as learning?
Is International Open University an accredited university?
The National Accreditation and Quality Assurance Authority (NAQAA) has granted the International Open University a three year Provisional License to operate as a higher education institution in The Gambia effective 29 April, 2019. This license also serves as an institutional accreditation of International Open University, the Gambia, by National Accreditation and Quality Assurance Authority.
Moreover, the Ministry of Higher Education, Research, Science and Technology has granted to the International Open University a license to operate an online university in The Gambia with effect from May 13, 2014.
For more information about accreditation click on the given link https://iou.edu.gm/stream/accreditation/
Is there a separate fee for learning materials?
There is no fee charged for course materials, which consists of a PDF file. Flash videos and mp3 audios are available for online streaming as well as for download. We also provide an E-Library for students free of charge. If a student wishes to purchase hard copies of the required texts, they may do so from external sources.
I am taking admission in the certificate/associate degree program. Will I be able to convert to a bachelor's degree in the same department after graduation?
If you are taking admission in Spring 2023 or after and intend to do a bachelor's degree, we would recommend you to take admission directly in the bachelor program instead of joining the certificate and associate degree programs. This is because the credits cannot be transferred from certificate and associate degree to the bachelor’s degree program.