Certified Islamic Corporate Banking Specialist: study modules
Three short modules on financing companies: sales, partnerships, security and problem debts
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0017
Companies need stock, raw materials, cash, new assets and partners for their projects. These three short modules explain, in plain language, how an Islamic bank finances a company through murabahah, tawarruq, salam and istisna'a; how it joins a company in musharakah, diminishing musharakah and mudarabah; and how it takes guarantees and pledges and deals with late payment, rescheduling, receivables and insolvency without charging for time.
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 Corporate Banking 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
- Choose between murabahah, tawarruq, salam and istisna'a for a company's need and state the key rule of each
- Explain how profit and loss are shared in musharakah, diminishing musharakah and mudarabah, and why capital cannot be guaranteed
- Describe the lawful ways to secure a corporate facility and to deal with late payment, rescheduling, receivables and insolvency
Syllabus
1.Financing a company's trade and working capital
- Murabahah, tawarruq, salam and istisna'a for companies20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Partnership finance for companies
- Musharakah, diminishing musharakah and mudarabah20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Security, late payment and problem debts
- Guarantees, pledges, rescheduling and insolvency20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min