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Professional certificationFree

Certified Islamic Debt and Collateral Specialist

An independent certification in guarantees, pledges, documentary credits, dealings in debts, loans, late payment and insolvency.

1 course

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No expiry

Certifications are issued independently by Islamic Finance Space (ifSPACE). They are not accredited by AAOIFI or by any regulator unless a program page states otherwise.
Free certification. The certification exam and certificate rules open with the exam system.

It is for credit, collections, recovery, legal and trade operations staff, and Shari'ah reviewers who deal with security, receivables and problem debts. It covers guarantees and letters of guarantee (AAOIFI Shari'ah Standard No. 5), pledges (SS 39), documentary credits (SS 14), sale of debt (SS 59), set-off (SS 4), hawalah (SS 7), loans (SS 19), the procrastinating debtor (SS 3) and insolvency (SS 43), with the promises, buybacks, options and arboun (SS 49, 58, 48, 51, 53) and contingent incidents (SS 36) that shape debt obligations.

How it works: study the linked course 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.

Courses in this program

  1. 1.
    Options, Promises, Guarantees and Debts

    Intermediate · 9 hours · 17 lessons

    Required