Certified Islamic Trade Finance Specialist: study modules
Three short modules on import and export finance, guarantees, documents and receivables
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0025
Trade finance is where Islamic banks meet importers, exporters and contractors every day. These three short modules explain, in plain language, how documentary credits and import murabahah work; how salam, parallel salam and istisna'a finance producers and exporters; and what a bank may charge for letters of guarantee, how goods and documents of title serve as security, and why receivables may not be discounted.
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 Trade 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
- Explain how a documentary credit combines agency and guarantee and how an import murabahah is ordered step by step
- Apply the basic conditions of salam, parallel salam and istisna'a to pre-export and manufacturing finance
- Say what a bank may charge for letters of guarantee, how documents of title give possession, and how receivables may lawfully be handled
Syllabus
1.Import finance and documentary credits
- Letters of credit and import murabahah20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Export and production finance: salam and istisna'a
- Salam, parallel salam and istisna'a for exporters20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Guarantees, documents and receivables
- Letters of guarantee, pledges of documents and receivables20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min