IFFE · IFFE
Individual Finance Fundamentals Professional Exam (IFFE)
EX102The Financial Academy exam for finance staff at banks and finance companies; SAR 1,150 per attempt, a published pass score of 70 marks. Practise 500 explained questions weighted to the eight official chapters.
Try 10 free questions and see your levelTake a full mock exam
- 500 questions in the bank
- 100 questions in 120 min per mock
- 53 flashcards
Every option explained so you understand why
If your exam were today, would you pass?
Try 10 free questions without signing up. Get your score and find your weak areas as soon as you finish.
في أي عام أُنشئت مؤسسة النقد العربي السعودي، المعروفة اليوم بالبنك المركزي السعودي؟
All 10 free questions with answers and an explanation for every option
70 marks (published score) The published pass mark does not establish a practice accuracy threshold. Your practice percentage is shown without a prediction of passing or failing the exam.
What you get
- 500questions in the bankPractise with the answer shown right away, or sit a full timed mock
- 8unitsSplit by the exam syllabus
- 53flashcardsTo lock in terms and definitions
- 100quick review pointsEach unit in a few key lines
Unit map
- 01The Banking System in Saudi Arabia5 questions
- 02Governing Legislation for Retail Finance25 questions
- 03Providers of Financing Services10 questions
- 04Retail Finance Products25 questions
- 05Individual Buyers20 questions
- 06Professional Competencies5 questions
- 07Islamic Finance5 questions
- 08Financial Inclusion5 questions
Exam facts
Individual Finance Fundamentals Professional Exam (IFFE) — Number of questions: 100 questions. Exam time: 120 minutes. Pass mark: 70 marks (published score). Exam fee: SAR 1,150. Source: Financial Academy (Last verified: 2026-11-06). Question bank: full mock exams of 100 questions in 120 minutes, like the real test with a result for every unit, plus 500 explained questions across 8 units, every option explained, a review of your mistakes, and two ways to practise: see the answer right away, or sit a full timed mock. Free questions: a 10-question diagnostic test covering the main units, no sign-up; at the end you get your score and your weakest units.
- Exam code
- IFFE · IFFE
- Exam language
- Arabic
- Number of questions
- 100 questions Source
- Exam time
- 120 minutes Source
- Pass mark
- 70 marks (published score) Source
- Exam fee
- SAR 1,150 Source
Last verified: 2026-11-06
How to register
- No prior certificate or training programme is required to register.
- Create a Financial Academy account and choose the Individual Finance Fundamentals exam (IFFE); the listed exam language is Arabic.
- Pay the exam fee (SAR 1,150) and choose the date and test centre.
- Arrive early with a valid ID that matches your registration name and follow the centre’s instructions.
Exam body
Financial Academy: Official website: Financial Academy
Study guides
Frequently asked questions
How many questions, how long, and what is the pass mark?
100 multiple-choice questions in 120 minutes, with a published pass score of 70 marks. The listed exam language is Arabic.
Can I try IFFE Individual Finance questions for free?
Yes. Free questions: a 10-question diagnostic test covering the main units, no sign-up; at the end you get your score and your weakest units. The free practice test page lists the same questions with answers and an explanation for every option. The rest of the questions and the full mock exams come with a pass from SAR 26.
What makes this IFFE Individual Finance question bank different?
Question bank: full mock exams of 100 questions in 120 minutes, like the real test with a result for every unit, plus 500 explained questions across 8 units, every option explained, a review of your mistakes, and two ways to practise: see the answer right away, or sit a full timed mock. Every question is reviewed and referenced, ready to practise on your phone. Try the free questions and read the explanations before buying full access.
Is this site affiliated with the Financial Academy or SAMA?
No. This is an independent exam-prep site with no link to the Financial Academy, the Saudi Central Bank (SAMA), or any government body. Always rely on what the official bodies announce.
What are the chapters and their weights?
Eight chapters: banking system 5%, governing legislation 25%, finance providers 10%, finance products 25%, individual buyers 20%, professional competencies 5%, Islamic finance 5%, financial inclusion 5%.
Is this an official site, and how do I pay?
It is an independent site, not part of Qiyas or any government body, and every question is reviewed before it is published. You pay once, with no automatic renewal, through Waffo Pancake (the merchant of record) by Visa, Mastercard, Apple Pay or Google Pay, and your statement shows "WAFFO". If you were charged twice or the pass did not open, email support@saudiexams.com.
Study material sample: The Banking System in Saudi Arabia
Summary
Understand how Saudi banking history, licensed financing, technology, payment infrastructure and consumer protection fit together. Historical facts follow the May 2025 curriculum; dated rules and figures are kept distinct from current regulatory requirements.
What the exam focuses on
- Match a service to its regulator, provider, product and payment function.
- Explain milestones and the purpose of digital controls rather than memorising dates without context.
- Apply the five market elements to a household-finance case.
Common traps
- 1952 is establishment; 1966 is the Banking Control Law; 2020 is the new central-bank law and name. Do not substitute one milestone for another.
- An article number without its instrument is incomplete: Article 2 of a law is not necessarily Article 2 of its implementing regulation.
- Digital means a delivery model, not freedom from licensing, identity checks or risk controls. A finance app is not automatically a bank.
Show 3 more
- Mada routes retail payments; SARIE concerns transfers and settlement; BNPL is finance. Credit assessment and complaints are different functions.
- Historical bank counts, capital figures and superseded rule articles belong to their stated edition. They are not universal current thresholds.
- No consumer term cost in the BNPL definition does not mean no repayment obligation. Digital certification also does not guarantee financing approval.
Try the flashcards
Tap a card to see the answer
What distinguishes 1952 from 2020 in SAMA history?
Establishment versus the new central-bank law/name; SAMA acronym retained.
What are the three central-bank objectives in Article 3?
Monetary stability; financial-sector stability/confidence; economic growth.
What makes a bank digital under the 2020 guidelines?
Banking business mainly through digital channels; other licensing requirements remain.
What 2019 Article 30 testing triggers does the curriculum cite?
Before first use and after changes; study as a dated rule version.
Which historical system began in May 1997?
SARIE: interbank transfers and settlement through SAMA accounts.
Name the five retail-finance market elements.
Legislation, providers, products, buyers and professional competencies.
What does digital certification establish—and what remains separate?
Trusted identity/transaction authentication; financing suitability and approval remain separate assessments.
Why you can trust these questions
- Published questions: 500. We reviewed every one before publishing it: the answer, the explanation of each option and the source.
- Exam facts last checked against the organiser’s website: 2026-11-06. We check them again every three months and two weeks before each test.
- Found a mistake? Tap "Report an error" under any question in the practice area, or email us at support@saudiexams.com
- Independent website. Not affiliated with ETEC (Qiyas), the Financial Academy or any government body.
Update log
- 2026-11-06 First draft: exam structure per the curriculum (2nd ed., May 2025) and official chapter weights, with a question bank under review.