Certified Ijarah Specialist: study modules
Three short modules on Islamic leasing, from the basics to lease ending in ownership
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0013
Ijarah is the Islamic lease: the institution owns an asset and sells its use for a known rent. These three short modules explain, in plain language, what can be leased and how rent is set, how maintenance, takaful and loss are shared between lessor and lessee, and how lease ending in ownership, sale and leaseback and forward leases work.
Each module has a reading with a worked example, slides, study notes and a short practice quiz. The modules prepare you for the Certified Ijarah Specialist exam.
This is independent ifSPACE material written in its own words; it is not affiliated with AAOIFI and is not a fatwa.
What you will learn
- Explain what ijarah is and check the basic conditions on the asset, its use and the rent
- Say who bears maintenance, takaful, loss and misuse in a lease, and what happens on damage or default
- Describe how lease ending in ownership, sale and leaseback and forward leases work, and the rules that keep them leases
Syllabus
1.Ijarah basics: the asset, its use and the rent
- What ijarah is and how rent is set20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Who bears what in a lease
- Maintenance, takaful, loss, default and sale of the asset20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Lease ending in ownership and related structures
- Lease ending in ownership, sale and leaseback and forward leases20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min