Certified Murabahah Specialist: study modules
Three short modules on murabahah, from the customer's promise to tawarruq
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0027
Murabahah is the sale contract Islamic banks use most. These three short modules explain it step by step in plain language: what murabahah is and how the customer's promise and security deposit work, how the bank buys, owns and sells the goods, and what happens after the sale, including late payment, early settlement and tawarruq.
Each module has a reading with a worked example, slides, study notes and a practice quiz. Together they prepare you for the Certified Murabahah 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 what murabahah is and how a customer's promise and security deposit work
- Describe how the bank buys, possesses and sells the goods, and what may be included in the cost
- Apply the basic rules on late payment, early settlement and tawarruq
Syllabus
1.Murabahah and the customer's promise
- What murabahah is, the promise and the security deposit20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Buying, owning and selling the goods
- Acquisition, agency, possession, cost and profit20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.After the sale, and tawarruq
- Security, late payment, early settlement and tawarruq20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min