empower your career with a

Diploma in Ethical Banking & Finance

leading the way towards financial responsibility

About DEBF

Introducing our Diploma in Ethical Banking and Finance (DEBF) programme, a groundbreaking educational journey designed to equip aspiring professionals with the knowledge and skills needed to excel in the world of responsible finance. With a unique focus on ethical banking and finance, this programme offers a comprehensive curriculum that explores the intersection of financial practices and ethical principles. Students will delve into key topics such as sustainable investment strategies, socially responsible banking practices, corporate social responsibility, and ethical decision-making frameworks. Through a blend of theoretical learning and practical case studies, participants will develop a deep understanding of the evolving landscape of responsible finance, preparing them to become agents of positive change in the industry. Join us on this transformative path towards a more sustainable and socially conscious financial future.

recognised institute

SSTC Institute, a renowned educational institution in Singapore, has been recognised as a MOE-certified centre, highlighting its commitment to academic excellence and quality education. With a rich history dating back to 1978, SSTC Institute has established itself as a trusted provider of professional and vocational training programmes. The institute’s longevity and experience in the education sector testify to its ability to deliver high-quality education and meet the evolving needs of students. Students enrolling in the Diploma in Ethical Banking and Finance programme at SSTC Institute can be assured of receiving education from a reputable institution with a strong track record of providing relevant and industry-focused programmes.

industry exposure

One of the programme’s key highlights is its experienced faculty, comprising industry experts and academic professionals who bring real-world insights and expertise to the classroom. Students also benefit from practical industry exposure through internships, case studies, and guest lectures by prominent practitioners. This exposure allows students to gain firsthand experience in ethical banking and finance, fostering a deeper understanding of the industry and enhancing their employability

Meet the experts

Prof.Dr. Zulkarnain Mohamad Sori

Dr. Zulkarnain is a Professor (Full) of Accounting specializing in financial reporting, accounting standards, auditing, corporate governance, Islamic accounting & Shariah governance. He received his Bachelor of Accounting & Master of Science from Universiti Putra Malaysia (UPM) & PhD from Cardiff University, UK. He is a Chartered Accountant (Malaysian Institute of Accountants [MIA]), a Certified Training Professional (FAA), a Certified Professional Trainer (MIM) & a Certified Trainer (HRDF). He is actively involved in consulting, research & teaching at INCEIF/ISRA. His recent consultancy projects include Shariah assurance services, internal audit services, training of 300 members of BOD of Islamic banks & their related institutions (organized by the BNM). He has been Published extensively in academic and Professional Journals.

Prof. Dr. Aishat Muneza​

Prof Aishat Muneeza is an Associate deans at INCEIF University. Prof Aishath, who joined INCEIF in 2017, is acknowledged as of one of the founders of the Islamic finance industry in Maldives. She was a driving force behind the setting up of a number of institutions offering Islamic finance in her country. As a policy maker, attorney and also an academician who has tirelessly fought for the sustainable development of Islamic finance in her country, she is a role model and a mentor for women who aspire to develop a career in Islamic finance.

Prof. Shamseer Ramadili Mohamad​

Prof Shamseer is a Professor at INCEIF University Malaysia in the field of financial expertise, especially corporate finance. He obtained his PhD degree from the University of Glasgow, Scotland, and until now has made a massive intellectual contribution. His writings in the field of finance are spread in various international reputable journals, book chapters and books and actively convey his thoughts in various international seminars as well as being a reviewer at many conferences, symposiums and editors in various reputable journals. Prior to joining INCEIF Prof. Shamser was listed as a senior lecturer at Univeristy Putra Malaysia and had held strategic positions in government and private financial institutions in Malaysia

Dr. Mohammad Mahbubi Ali ​

Dr. Mohammad Mahbubi Ali is an Islamic Finance Expert and shariah scholar serving a number of Islamic Banks and Research Institutions. Graduated from Tazkia Global Islamic Institute in Indonesia with a Bachelor degree in 2009, he pursued master degree at INCEIF University Malaysia and successfully completed Chartered Islamic Finance Professional (CIFP) in 2011. Also, he holds a PhD of Islamic Banking and Finance fromInternational Islamic University Malaysia (IIUM) in 2017. He worked in many professional institutions such as: International Institute of Advanced Islamic Studies (IAIS), Bank Negara Malaysia as shariah advisory and currently works at Central Bank of Brunei Darussalam.

Prof. Suri Hanim Muhammed​

She is Professor of Practice in INCEIF University Malaysia. She is Former Islamic Banking Director for Bank of Maldives PLC Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia. The 46th Most Influential Women in Islamic Business & Finance 2020, by Cambridge IFA and a member of Chartered Institute for Islamic Financial Professional (CIIF). Experienced banker with 24+ years leadership experience in setting up and managing business divisions within Islamic banking and finance. An official mentor for FutureLab. Skilled in the areas of proposals preparation and presentation, mandates and ratings, regulatory submissions, contract negotiations as well as legal documents executions and facility drawdowns.

Prof. Dr.Rifki Ismal​

Prof Rifki is an adjunct Professor in INCEIF University, Malaysia. He also currently serves as a Deputy Director of Indonesia's Central Bank and actively teaches at various leading universities in Indonesia such as Tazkia Institute, University of Indonesia and actively conveys thoughts in the field of Islamic economics and finance both in the form of books, papers in reputable journals and international seminars. he obtained his PhD from the PhD degree in Islamic Economics and Finance at Durham University, England in 2007.

target audience

The Diploma in Ethical Banking and Finance programme at SSTC Institute caters to a diverse range of students, targeting both locals in Singapore and foreign students in the Asia-Middle East, South East Asia region. For local students in Singapore, the programme offers an opportunity to delve into the growing field of ethical banking and finance, aligning their career aspirations with sustainable and responsible practices. The programme equips them with the necessary knowledge and skills to excel in this industry, which is gaining prominence in Singapore’s financial sector. Additionally, foreign students from the Asia-Middle East, South East Asia region can benefit from the programme’s international outlook and industry relevance, allowing them to acquire a global perspective on ethical banking and finance. SSTC Institute’s inclusive environment and culturally diverse student body create a conducive learning experience for both local and international students, fostering cross-cultural understanding and collaboration.

curriculum and modules

Economics and Banking

Economics and Banking

Students will learn the fundamental principles of economics and their application in the banking industry. They will gain an understanding of macroeconomic concepts, monetary policies, and the role of central banks. Additionally, students will explore the banking system, including its functions, operations, and regulations, enabling them to analyze and evaluate the economic factors that influence banking decisions.

Finance and Financial Technology

Finance and Financial Technology

Students will learn about financial markets, investment analysis, and portfolio management. They will also delve into the innovative technologies transforming the finance industry, such as blockchain, artificial intelligence, and digital payment systems. By combining traditional finance knowledge with an understanding of cutting-edge technologies, students will be prepared to navigate the evolving landscape of finance and harness technological advancements.

Ethics and Law​

Ethics and Law​

Students will explore ethical theories, principles, and frameworks, enabling them to make responsible and ethical decisions in the industry. They will also gain an understanding of the legal and regulatory frameworks governing banking and finance, including consumer protection, anti-money laundering, and corporate governance. Through case studies and discussions, students will develop a strong ethical foundation and the ability to navigate legal complexities in the field.



Students will develop an entrepreneurial mindset and acquire essential skills for starting and managing businesses in the banking and finance sector. They will learn about opportunity recognition, business planning, financial management, and marketing strategies. Through practical exercises and real-world examples, students will cultivate their creativity, critical thinking, and problem-solving abilities. This module empowers students to identify and capitalize on entrepreneurial opportunities in the dynamic and ever-evolving world of banking and finance.

career & universities opportunities

Showcase the potential educational/ progressive pathways to top-ranking universities for graduates of the programmes in ethical banking and finance

student support and resources

Describe the academic support services, resources, and facilities available to students, including libraries, research centers, and online learning platforms. Highlight mentorship programmes, career counselling, and networking opportunities provided by the institution.

Frequently Asked Questions

The Diploma in Ethical Banking and Finance is designed to deliver theoretical and practical understanding of ethical Banking and Finance that is useful to the development of human capital in financial and related industries that inculcate moral values (Religion and Society) for a sustainable financial system.

The programme consists of various knowledge areas in financial and banking disciplines such as: Accounting, Economics, Ethics in Finance, Ethical Banking, Fintech, Entrepreneurship and a capstone module called Action-Based Learning that pull students’ knowledge on various areas learned throughout the programme in solving real-life problems.

We have an intake starting on 23 October 2023. Classes run from 6 – 10 PM from Monday to Thursday.

The Programme is offered by SSTC Institute. SSTC Institute is a premium private education institution established since 1978.  As testimony to our commitment to quality education and academic excellence. SSTC has been awarded the 4-year EduTrust Certification by the Committee for Private Education (CPE) of the Ministry of Education, Singapore.

  • For Full time students will take 18 months.
  • For Part time students will take 36 months.

Yes. It has been registered with the Committee for Private Education of the Ministry of Education, Singapore. The programme was developed in collaboration with iBantu Singapore, a financial consultant with offices in Singapore, Malaysia, and Indonesia. iBantu is dedicated to the advancement of ethical banking and finance, with a focus on sustainability and green funding.

Several international universities, like the University Putra Malaysia (UPM) and the University Sains Islam Malaysia (USIM), have also recognized the programme. SSTC, in collaboration with iBantu, is continuing to take numerous strategic initiatives in order for many worldwide organizations, both educational and non-educational, to recognize this diploma programme.

  • AGE: at least 16 years old on course commencement.
  • ACADEMIC: Completed 10 years of formal education OR 2 GCE O Level. PASS grades OR equivalent.
  • ENGLISH PROFICIENCY: Learners who are non-native English speakers AND who have not carried out their final two years of schooling in English must demonstrate an English proficiency equivalent to a PASS in English Language subject at Year 10/GCE O Level/GCSE or Level B2 in the Common European Framework of Reference (CEFR) for Languages or PTE Academic 51 or IELTS 5.5 (reading and writing must be at 5.5) or equivalent.

Yes. English is the language of instruction for the diploma. International students will need to meet the minimum English language proficiency requirement of IELTS 5.5 or equivalent.

More information on financial aid options will be provided as they become available.

We have five groups or clusters of modules, which are: Economics, Finance, Banking, Entrepreneurship and management, Fintech, plus one specific and unique module namely Action-Based learning.

No. However, the Action-Based Learning module will provide students with exposure to real-life cases faced by various businesses.

The programme is designed for those who wish to pursue a career in Ethical Banking and other ethical finance industries including the Islamic Banking and Finance Industry.

And it does not rule out the possibility of graduates being able to have a career in the financial and banking industry in general, lining up as entrepreneurs and the fintech industry.

The programme also allows graduates who have an interest in becoming researchers and academics in the field of ethical banking and finance to continue their studies to a more advanced stage.

Yes. The Diploma curriculum is based on international standards with 28 courses/modules covering a total of 90 credit hours and with at least 900 hours of learning, enabling graduates to continue their education to the bachelor’s level.

Instructors consist of scholars with an average educational qualification of Masters from various countries both Indonesia, Malaysia and Singapore. and also have experience in the financial industry and also the banking industry.

Yes. The programme will invite Professionals and Professors as guest lecturers/speakers at least twice for each course in each semester.

Yes. The text books and other materials as main references will be provided. Additional reading materials are available from the digital library.

Yes. Internally Assessed (Coursework/Assignment and Final Examination).

Yes. The grading system will be:

PASS Grades:

A: 70% and above

B: 65% to 69%

C: 60% to 64%


FAIL Grade:

D: 50% – 59%*

U: Below 50%

*Students who obtained a ‘D’ Grade for a module will be allowed to sit for a Supplementary paper but will only be able to achieve a maximum grade of ‘C’. Students who have good reasons for Special Consideration, will be reviewed by the Examination Board on a case-by- case basis for higher grades.

Maximum duration to complete the programme is within 36 months from the initial commencement of the programme for full-time students and 72 months for part-time students.

Teaching will be conducted by the instructor in a face to face in-class mode including: lectures, case studies, question and answer, group discussions, etc.

Guest lectures will be conducted online by inviting experienced professors and practitioners.

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The Diploma organizes one specific course, Action Based Learning, which allows students to connect directly with the industry by working on and solving problems faced by the real world of work.

Currently the programme organizers are establishing intensive cooperation with various international universities in Malaysia and Singapore with one of the points of cooperation is that diploma students can transfer credits to degree programmes at universities.

  1. Prospective students can register online by visiting the iBantu website at: www.iBantu.com and also the SSTC Website at: www.sstc.edu.sg and completing the registration form provided and email the completed form along with the supporting documents to [email protected]. All instructions and requirements can be accessed easily. and if you need further consultation, please contact: +(65) 6235 5685.
  2. Prospective students can also directly visit the administration and admission department at the SSTC Institute office located at: 1 Maritime Square 13-01 HarbourFront Centre, Singapore 099253 access from Lift, Lobby B to Level 12 and access Level 13 via escalator.

Admissions will be open throughout the year. Prospective students can submit applications at any time and will be adjusted to the time of admission in January, March, June, August, and October.

The incoming application will immediately get a notification when the applicant has made a submission. Notification of being accepted or not in the programme will be conveyed within seven working days, via the applicant’s email.

  • Minimum 16 years old for regular student who has Completed 10 years of formal education OR 2 GCE O Level PASS grade OR equivalent.
  • Minimum 30 years of age with 8 years of working experience will be considered as matured candidates on a case-by-case basis.

Yes. Singaporeans/Singapore Permanent Residents are able work if they are enrolled in a Part- time mode of study. International students are strictly not allowed to work while holding a Singapore Student’s Pass.

Access to a digital library and learning management system to support their learning experience. Students will also have Wi-Fi access on campus. Lecturers and staff are all available to extend their assistance to all students to ensure that all students have a very enjoyable learning experience at SSTC Institute.

SSTC will share information about career opportunities to its potential graduates as and when companies and partners provide information of their recruitment requirements.

No. However, SSTC may schedule a number of student activities throughout the academic year which students may opt to take part in.

By Following SSTC’s and iBantu’s Social Media platforms at:

Instagram : @sstcinstitute or @ibantu.id

Facebook : @sstcinstitute  or @iBantusolusisyariah

Linkedin : sstcinstitute oriBantusolusisyariah

Website : www.sstc.edu.sg / www.iBantu.id

Or Hotline Number: +(65) 6235 5685

admission and application process?

  • Provide a step-by-step guide to the admission process, including application requirements, deadlines, and necessary documentation.
  • Include information on any language proficiency or prerequisite criteria for international students.

Ready to be part of us?

1 Maritime Square, #13-01 HarbourFront Centre, Singapore 099253
(via Lift Lobby B to level 12 and take an escalator up to level 13).

Tel: +65 6235 5685
Fax: +65 6734 5130
Email: [email protected]