Certified Islamic Contract Structuring Specialist: study modules
Three short modules on building Islamic finance products from sound contracts
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0016
Every Islamic finance product is a chain of contracts. These three short modules explain, in plain language, what makes a single contract valid and how riba and gharar are avoided, when contracts may be combined and why possession matters, and how promises, options, arboun, guarantees and pledges support a product without turning it into a loan.
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 Contract Structuring 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
- Check a single contract for its elements and for riba and gharar
- Say when contracts may be combined and where possession must come in a product's steps
- Use promises, options, arboun, guarantees and pledges within their basic rules
Syllabus
1.Contract building blocks: valid contracts, riba and gharar
- What makes a contract valid20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Combining contracts and possession
- When contracts may be combined and why possession matters20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Promises, options and security
- Supporting tools: promises, options, arboun, guarantee and pledge20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min