Certified Islamic Treasury and Liquidity Specialist: study modules
Three short modules on how an Islamic treasury raises, places and manages money
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0026
An Islamic bank's treasury must keep enough cash to meet its obligations and put any surplus to work, without interest. These three short modules explain, in plain language, the sources and uses of liquidity allowed by the Shari'ah standards, how commodity murabahah and tawarruq work and the controls that keep them sound, and the rules for currency exchange, gold, commercial papers, credit lines, syndications and sukuk.
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 Treasury and Liquidity 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 the nature of current and investment accounts and list the permitted ways to obtain and deploy liquidity
- Describe how commodity murabahah and tawarruq work and check them against the main controls
- Apply the basic rules on currency exchange, gold, commercial papers, commitment fees, syndications and sukuk to treasury deals
Syllabus
1.Liquidity in an Islamic bank: sources and uses
- How an Islamic treasury obtains and deploys liquidity (SS 44)20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Commodity murabahah and tawarruq
- Commodity deals in the treasury and their controls (SS 8, 30 and 20)20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Currencies, papers, credit lines and sukuk
- Other treasury tools and their basic rules20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min