Ethica Launches Subsidised Pricing for Developing Countries
The world’s most heavily-enrolled Islamic finance certification programme became a little bit more accessible to the world on Apr 9. 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. This also helps support Ethica’s growing network of licensed resellers around the world.
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 subsidised 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 centralised control. The platform also allows universities to incorporate practical Islamic finance knowledge into existing on-campus programmes. Ethica’s 4-month Certified Islamic Finance Executive (CIFE) programme is the only 100% online and 100% AAOIFI-compliant certificate available in the market today. AAOIFI is the Accounting and Auditing Organisation 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 subsidised price list for developing countries can be found at