Certified Sukuk Governance Professional: study modules
Three short modules on governing a sukuk issue, from the basics to maturity
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0035
Sukuk give investors a share in the ownership of real assets, so they need governance that keeps them fair and Shari'ah compliant for their whole life. These three short modules explain, in plain language, what sukuk are and who governs them under AAOIFI's Governance Standard No. 12, how the trustee, the sukuk's Shari'ah supervisory board, the fatwa and the SPV are set up before issuance, and how assets, changes, termination and reporting are handled until maturity.
Each module has a reading with a worked example, slides, study notes and a short practice quiz. The modules prepare you for the Certified Sukuk Governance Professional 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 sukuk are, the scope of GS 12 and the organs that govern a sukuk issue
- Describe the requirements for the trustee, the sukuk's Shari'ah supervisory board, the fatwa and the SPV before issuance
- Outline how proceeds, assets, board and fatwa changes, termination, restructuring and reporting are governed until maturity
Syllabus
1.Sukuk and GS 12: scope, pillars and organs
- What sukuk are and who governs them20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Before issuance: trustee, Shari'ah board, fatwa and SPV
- Setting up a sukuk issue the right way20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.From issuance to maturity: assets, changes and reporting
- Governing a sukuk issue during its life20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min