Certified Islamic Corporate Banking Specialist

It is for relationship managers, credit analysts, corporate product and structuring teams, and Shari'ah reviewers who serve companies. It covers murabahah (AAOIFI Shari'ah Standard No. 8), tawarruq (SS 30), commodities in organised markets (SS 20), salam (SS 10), istisna'a (SS 11), concessions (SS 22) and financial rights (SS 42); partnership and companies (SS 12), diminishing musharakah, mudarabah (SS 13) and protection of capital (SS 45); and guarantees (SS 5), pledges (SS 39), documentary credits (SS 14), dealings in debts (SS 59, 4, 7), late payment (SS 3) and insolvency (SS 43).

How it works: study the linked courses Trade-Based Islamic Financing, Partnerships and Profit Sharing and Options, Promises, Guarantees and Debts, 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.