The Rule of 72
Banks rely on your ignorance of a basic reality: compound interest grows faster than you can imagine.
The Rule of 72 helps you quickly calculate how long it takes a loan to double in size.
For instance, take 12% interest on a personal loan. Doesn’t sound too high.
But using The Rule of 72, you quickly calculate 72/12 = 6.
Paying 12% interest doubles the amount you owe in 6 years.
Forewarned is forearmed, so be fooled by banks no more. Interest grows so fast that keeping up becomes your life. Why fall into the trap in the first place? Live within your means and pay cash for everything.
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
What CIFE and ACIFE Graduates Say...
"Ethica’s CIFE has already opened doors for me..."
“The course is brilliant.”
Mufti Ibrahim Essa, Darul Uloom
"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."
Director, Product Support and IT, SIX Financial Information, Luxembourg
"We upgraded to twice as many users after only 6 months with Ethica."
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
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.
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 on 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.
Celebrating 20 Years of Islamic Finance Excellence
- Official recognition from AAOIFI, the world’s leading standard-setting body for Islamic finance
- 15,000 paying professionals in 65 countries from over 160 institutions
- +$350,000 given in financial aid
- +100 countries and thousands receive free courses and ebooks
- Ranked #1 on Google for “Best Islamic Finance Certification” regularly
- 69 industry awards
Our Learners and Clients Come From…
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. Unlless indicated otherwise, the names of people, locations, and events may have been changed and any resemblance to actual people, locations, and events may be purely coincidental.
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