Certified Islamic Specialist in International Trade (CISITI)
Issued by the Islamic Financial Institutions Board (CIBAFI)
The fact that characterizes economic relations between countries for centuries is the reliance of these countries on each other to meet their needs of goods and services. International trade is one of the vital sectors in any society, whether developed or developing. International trade connects societies with each other, and is considered a fundamental indicator of the productive capacity and competitiveness of countries in international markets, as well as the ability of the state to export and import, and the reflection of all of this on the state’s balance of foreign exchange and its effects on the trade balance.
Financial institutions play an important and significant role in financing international trade and building trust between exporters and importers. International institutions have been established to regulate this field, and international customs and rules have emerged regarding letters of credit, documentary credits, and other principles that govern international trade contracts, their financing mechanisms, and ensuring the proper implementation of their procedures and defining their terms, among other things.
The Islamic financial industry has contributed to the field of international trade financing by developing a number of innovative financial products that are compatible with the provisions of Islamic law, and has set a number of controls on modern applications in line with the nature and characteristics of Islamic banking.
The Certified Islamic Specialist in International Trade (CISITI) certificate will enable you to obtain all the requirements and basics necessary for commercial contracts related to financing global trade, with a focus on how to prepare and execute the documents for letters of credit related to the field of trade financing, as well as a detailed presentation of documentary credits and operations close to it in the field of international trade financing, explaining their mechanisms, terms, types, provisions, various complexities, legal controls, risks involved, and how to avoid them.
The goal of obtaining the Certified Islamic Specialist in International Trade (CISITI):
- Providing a comprehensive understanding of the Islamic trade financing industry
- Preparing participants to work in the Islamic trade financing industry
- Ability to understand Islamic trade finance products
- Ability to manage Islamic trade finance operations
- Ability to manage Islamic trade finance risks
IBTS is the authorized partner in Iraq for training, distributing the scientific curriculum, conducting registration, and international testing, and delivering the Certified Islamic Specialist in International Trade (CISITI).
