Certified Islamic Crowdfunding Governance Professional: study modules
Three short modules on governing Islamic crowdfunding platforms and issuances
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0018
Islamic crowdfunding lets many people fund businesses and social projects online through Shari'ah-compliant contracts, so it needs clear rules to protect them. These three short modules explain, in plain language, what Islamic crowdfunding is and how AAOIFI's Governance Standard No. 14 applies to it, how the operator, the trustee and the checks on issuers and fund providers keep the money safe, and how the Shari'ah board, committees, audit and disclosures keep each issuance compliant.
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 Crowdfunding Governance Professional 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 Islamic crowdfunding is, its commercial and social types, its seven elements and the scope of GS 14
- Describe the duties of the operator and the trustee, the conditions for releasing funds and the rules on issuers and fund providers
- Outline the role of the issuance's Shari'ah board, the audit and governance committee, external Shari'ah audit and user disclosures
Syllabus
1.Islamic crowdfunding and GS 14: the basics
- What Islamic crowdfunding is and how GS 14 applies20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.The operator, the trustee and the release of funds
- Keeping fund providers' money safe20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Shari'ah board, oversight and disclosure
- Keeping each issuance compliant and transparent20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min