Certified Islamic Capital Markets Specialist: study modules
Three short modules on shares, screening, indices, commercial papers and sukuk
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0015
Islamic capital markets let investors own real businesses and assets without interest. These three short modules explain, in plain language, which shares are acceptable and how companies are screened and returns purified, which trading practices are allowed and how indices may be used, and how commercial papers and sukuk work, including when sukuk may trade at market price.
Each module has a reading with a worked example, slides, study notes and a short practice quiz. The modules prepare you for the Certified Islamic Capital Markets 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
- Screen a company against activity and financial-ratio tests, calculate a simple purification and state the zakah treatment of shares
- Distinguish permitted from prohibited trading practices and instruments, and the acceptable uses of indices
- Apply the basic rules on commercial papers and on trading sukuk at market price or at face value
Syllabus
1.Shares, screening and purification
- Which shares are acceptable and how returns are purified (SS 21 and SS 35)20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Trading rules, bonds and indices
- How shares may be traded and how indices may be used (SS 21 and SS 27)20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Commercial papers and sukuk
- Debts on paper and ownership in certificates (SS 16, 17 and 62)20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min