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CourseFreeIslamic banking

Certified Islamic Digital Finance Specialist: study modules

Three short modules on online contracts, digital banking and cards, financial rights and crowdfunding

Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0020

More and more Islamic finance happens on a screen. These three short modules explain, in plain language, how contracts are validly made through apps and websites, how digital banking services and payment cards are judged by the contracts behind them, and which financial rights may be traded and how Islamic crowdfunding should be governed.

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 Digital Finance 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

  • Apply the rules on offer, acceptance, contract session and identity to contracts made online, including currency and gold
  • Judge digital banking fees and debit, charge and credit cards by the contract behind each service
  • Tell which financial rights may be transferred for value, and describe the main GS 14 safeguards for Islamic crowdfunding

Syllabus

  1. 1.Contracting online

    • How contracts are made through apps and websites20 min
    • Module 1 presentation15 min
    • Module 1 practice quiz10 min
  2. 2.Digital banking services and payment cards

    • What a digital bank may charge, and how cards work20 min
    • Module 2 presentation15 min
    • Module 2 practice quiz10 min
  3. 3.Financial rights and Islamic crowdfunding

    • Trading intangible rights and governing crowdfunding20 min
    • Module 3 presentation15 min
    • Module 3 practice quiz10 min