Certified Islamic Trade Finance Specialist

It is for trade finance, documentary credit and guarantee operations staff, commodity desks, relationship managers for traders, and Shari'ah reviewers. It covers murabahah for imports (AAOIFI Shari'ah Standard No. 8), tawarruq (SS 30), commodities in organised markets (SS 20), salam for pre-export finance (SS 10), istisna'a for manufacturing (SS 11), concessions (SS 22), online dealings (SS 38) and financial rights (SS 42); and documentary credits (SS 14), guarantees and letters of guarantee (SS 5), pledges over goods and documents (SS 39), sale of debt and hawalah (SS 59, 7), loans (SS 19), options and arboun (SS 51, 53), promises (SS 49) and contingent incidents (SS 36).

How it works: study the linked courses Trade-Based Islamic Financing 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.