Certified Salam and Istisna'a Specialist: study modules
Three short modules on salam, parallel salam, istisna'a and concessions
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0029
Salam and istisna'a let a buyer pay for goods that will be delivered or built later. These three short modules explain them in plain language: the conditions of the salam price and goods, what happens at delivery and how parallel salam works, and how istisna'a, parallel istisna'a and concession contracts such as build-operate-transfer are used to finance manufacturing and construction.
Each module has a reading with a worked example, slides, study notes and a practice quiz. Together they prepare you for the Certified Salam and Istisna'a 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
- State the conditions of the salam price and the salam goods
- Explain the buyer's position at delivery and how parallel salam is structured
- Distinguish istisna'a from salam and describe parallel istisna'a and concession contracts
Syllabus
1.Salam: the price and the goods
- How salam works and its conditions20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Delivery, remedies and parallel salam
- Delivery, late delivery, resale and parallel salam20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Istisna'a, parallel istisna'a and concessions
- Istisna'a, parallel istisna'a and BOT concessions20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min