IBSL Diploma in Islamic Banking Exam

IBSL states that assessment "could be a combination of a continuous assessments and/or examinations" and that the mode "will be closed-book written examination based on a question paper/s, unless specified otherwise." The number of papers, question count and duration for DP15 are not published on the programme page, so confirm the exact structure with the IBSL Examination Department before your cycle.

No. The IBSL programme and examinations pages retrieved do not state a passing score, paper duration or question count for the Diploma in Islamic Banking. Treat any figure you see elsewhere as unverified and ask the Examination Department directly rather than planning your revision around a guessed mark.

The DP15 course listing states the language is English. IBSL notes more generally that examinations are conducted in Sinhala, Tamil and English, or in only one language as per the requirement. Because the diploma is listed as English-medium, prepare to write your answers in English and confirm the medium when you submit your application, since medium changes are restricted after the closing date.

The programme page lists the course fee as ₨ 50,000.00. IBSL maintains a separate Examination Fees page, so do not assume the examination entry fee is bundled into the course fee. Check both figures with the Institute before paying, and note the page also mentions installment payments.

The listed duration is 108 hours, with commencement advertised for 26 July 2026, running Sundays 8.30 am to 12.30 pm. Intakes and timetables are announced on the IBSL website, Google Classroom and Facebook, and dates can change, so verify the current schedule before making work or study commitments.

Build foundations first: Modules I and II (principles, history, Sharia sources and the conditions of Islamic commercial law) underpin everything else. Then take Module III products, because Takaful, Sukuk, funds, accounting and risk all assume you can name and structure a murabaha, ijarah, mudaraba or musharaka correctly. Leave Module XI special topics until last.

Three patterns recur: naming contracts without stating their Sharia conditions and prohibitions; describing Islamic products as conventional loans with Arabic labels, which fails the profit-and-loss-sharing and risk-bearing points; and skipping the quantitative parts, especially profit distribution methodology and the accounting treatment of selected instruments in the local context. Risk, Sharia governance and AAOIFI FAS questions are also commonly under-prepared.

IBSL's published pages do not set out a retake, resit or supplementary policy for the Diploma in Islamic Banking, so no answer here would be reliable. Contact the Examination Department at No. 80 A, Elvitigala Mawatha, Colombo 08, or on +94 11 2425777, and read the Examination Regulations page before you rely on any assumption about repeat attempts.

IBSL states that examination results are released within twelve weeks after the final date of the examination, subject to approval by the Governing Board, and are published on the IBSL website, with academic transcripts issued after each cycle. Results are not given by telephone, fax or telegraph, and may be withheld where entry forms are defective or examination rules are breached.

The programme page lists Kavindu on +94 768 202 857 or [email protected] for course enquiries. For examination entries, deadlines, late applications, centre or medium changes and admission cards, use the IBSL Examination Department via the main line +94 11 2425777 or the address No. 80 A, Elvitigala Mawatha, Colombo 08, Sri Lanka.