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Colonizing the Muslim Mind
Historically, Muslims had never accepted riba as normal, and certainly not as permissible. Colonialism was at the root of this change. Like other wrongs that entered the Ummah, riba came in slowly at first. But, ironically, it was quickly ushered in by the Muslims themselves. Imran Khan cites Sartre when writing about this transformation among elites in the Subcontinent in “Warrior Race.” We can draw similar parallels to the conventional banking industry in the Muslim world and ask ourselves, “Do I accept riba as something normal?”: “The idea was to create a class that was Indian but would speak, behave and think like Englishmen, and represent the interests of the British in the subcontinent. Jean-Paul Sartre, in his book ‘The Wretched of the Earth,’ writes: ‘In the 19th century golden age of colonization we used to bring African, Asian and Latin American pseudo free thinkers to Europe and walk them around Lisbon, Paris, London and Amsterdam. After a few months of having amused them with learning a few gestures, dancing, slight change of accent, modern living and various imitations, we would send them back to their own lands. Upon return these people would recognize themselves as superior races and would assume a mission of power with a loudspeaker, that is, they would parrot to their people what we had taught them. These individuals were not only the colonizers, cream of the crop, but also they were a bridge for transferring our wishes to their native people.’” (Warrior Race) As Sheikh Nuh Keller writes, “…the traveller on the spirtiual path must disregard all so-called ‘fatwas’ or ‘formal legal opnions’ that declare any form of usury (riba) to be lawful. Such opinions are the product of a psychologically defeated and humiliated Islam that emerged after colonization of Muslim lands and abolishment of the social and political manifestation of the Sacred Law.”
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Officially AAOIFI Recognized
Officially recognized by AAOIFI (pronounced “a-yo-fee”), the world’s leading standard-setting body in Islamic finance, Ethica's award-winning Certified Islamic Finance Executive (CIFE) and Advanced CIFE (ACIFE) earn you continuing professional development (CPD) credits
"The role Ethica has played in promoting the cause of standardization of best practices in Islamic finance, especially in the fields of Shari'ah and accounting, that too for the last two decades, is indeed praiseworthy. They have always put AAOIFI standards at the heart of all their certification and training programs for which we are grateful."
Omar Mustafa Ansari
Secretary General, AAOIFI
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What CIFE and ACIFE Graduates Say...
"Ethica’s CIFE has already opened doors for me..."
Boyd Ruff
Esq., USA
"The course is brilliant."
Mufti Faraz Adam, UK
"I chose Ethica’s certification as it has an excellent reputation in the market and now I understand why. All the different modules cover the most important types of contracts from both a theoretical as well as a practical perspective and are complemented by a lot of clear examples. And the self-paced training permits excellent time management. I recommend the CIFE from Ethica Institute to everybody seriously interested in learning about Islamic finance."
Daniel Rasqui
Director, Product Support and IT, SIX Financial Information, Luxembourg
"We upgraded to twice as many users after only 6 months with Ethica."
Moinuddin Malim
CEO, Mashreq Al Islami
Read more testimonials (here)
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CIFE & ACIFE graduates have likened the knowledge gained from Ethica’s certification to actually working inside an Islamic bank. Ethica puts you ahead of the curve by training you in the practical aspects of Islamic banking without overwhelming you with theory. Play one of our videos (click here) to experience the quality and depth of our training.
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About Ethica Institute of Islamic Finance
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Couriered to your doorstep at no extra charge, your framed certificate will handsomely adorn your office or study for years to come. Custom-mounted and framed by hand, this beautiful certificate was designed by classically-trained Islamic artists and third-party accredited to comply with AAOIFI, the world’s leading Islamic finance standard.
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Ethica is trusted by more professionals for Islamic finance certification. Officially recognized by AAOIFI, the world's leading standard-setting body in Islamic finance, the Institute has trained over 15,000 paying professionals in 160 financial institutions across 65 countries, winning numerous industry awards. Ranked #1 by Google for “Best Islamic Finance Certification” regularly, Ethica’s globally recognized and accredited award-winning certificates include the Certified Islamic Finance Executive™ (CIFE™), Advanced CIFE™ Financial Analysis (ACIFE™ FA), and Advanced CIFE™ Accounting (ACIFE™ ACC), delivered online or live at the bank.
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Ethica's Recent Awards
2020 Best Islamic Finance Education Provider—United States (Cosmopolitan Daily, UK)
2020 Best Islamic Finance Qualification—United States (Cosmopolitan Daily, UK)
2020 Winner for Courses & Trainings UAE (Finance Monthly Legal, UK)
2020 Niche Training Services Provider of the Year—International (ACQ5 Global Awards, UK)
2020 Research and Education Company of the Year—United States (ACQ5 Law Awards, UK)
2020 Best Practice Operator of the Year in Islamic Finance—MENA (ACQ5 Country Awards, UK)
2020 Game Changer Award (Finance Monthly, UK)
2020 Management Consulting Awards (CEO Today Magazine, UK)
2020 Islamic Finance Advisor of The Year (Finance Monthly M&A Awards, UK)
2020 Islamica 500 Prominent and Influential in the Islamic Economy (Belgium)
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Disclaimer: This email is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action. Ethica Institute LLC does not purport to and does not, in any fashion, provide tax, accounting, actuarial, record keeping, legal, broker, dealer or any related services. You should consult your advisors with respect to these areas and the material presented herein. You may not rely on the material contained herein. Ethica Institute LLC shall not have any liability for any damages of any kind whatsoever relating to this material.
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