Certified Islamic Capital Markets Specialist

It is for fund managers, analysts, brokers, product developers and Shari'ah reviewers in Islamic capital markets. It covers shares and bonds under AAOIFI Shari'ah Standard No. 21, including screening of companies, purification and trading rules; indices under Shari'ah Standard No. 27; commercial papers under Shari'ah Standard No. 16; and the trading of investment sukuk under Shari'ah Standards No. 17 and 62, with the zakah treatment of shares (SS 35).

How it works: study the linked course Islamic Banking, Capital Markets, Takaful and Social Finance, then sit a 40-question certification exam in 75 minutes. The pass mark is 70%, and the certificate is valid for three years.

This is an independent ifSPACE certification. It is free, it is not an AAOIFI qualification, and it is not accredited or endorsed by AAOIFI or any regulator.