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Exam preparationPaidShariah governance and audit

Governance of Sukuk, Waqf, Crowdfunding and Syndicated Financing

GS 12 sukuk governance, GS 13 waqf governance, GS 14 Islamic crowdfunding governance and GS 15 syndicated financing

Advanced · 7 hours · 14 lessons · Language: English and Arabic

USD 14

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ifSPACE provides independent preparation courses. ifSPACE is not AAOIFI, is not an AAOIFI-authorized training provider, and completing a preparation course does not confer any AAOIFI qualification. AAOIFI examinations are taken separately with AAOIFI.

Some Islamic finance arrangements sit outside the ordinary governance of a single institution: a sukuk issue with its own trustee and Shari'ah board, a waqf run by a Nazir for its beneficiaries, a crowdfunding campaign that connects many fund providers to one issuer through a platform, and a syndicate of financiers sharing one large facility. This course explains the AAOIFI governance standards written for each of them: sukuk governance across the whole lifecycle (GS 12), waqf governance (GS 13, read with its guidance note), Islamic crowdfunding governance (GS 14) and the governance of syndicated financing, including hybrid arrangements with conventional banks (GS 15).

The course covers part of Part A of the AAOIFI CPAAGE syllabus. Each module has a reading, slides, study notes and a practice quiz. The course ends with a final exam.

This course is independent educational material written by ifSPACE in its own words. It does not reproduce AAOIFI texts and is not affiliated with AAOIFI.

What you will learn

  • Explain the organs of sukuk governance and the role of the sukuk's Shari'ah supervisory board from issuance to maturity
  • Apply GS 12's requirements for the fatwa, the SPV, sukuk assets, the prospectus and changes before maturity
  • Describe the rights and duties of the Waqif and the Nazir and the governance organs of a waqf
  • Explain the governance of an Islamic crowdfunding issuance, including the operator, trustee, issuer and SSB
  • Apply GS 15's rules on mandates, conflicts of interest, hybrid arrangements and the inter-financier agreement

Syllabus

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  1. 1.Sukuk governance (GS 12)

    • Welcome to the courseFree preview1 min
    • Governing a sukuk issue across its lifecycleFree preview30 min
    • Module 1 presentation15 min
    • Module 1 practice quiz15 min

  2. 2.Waqf governance (GS 13)

    • The Waqif, the Nazir and the organs of a waqf30 min
    • Module 2 presentation15 min
    • Module 2 practice quiz15 min

  3. 3.Islamic crowdfunding governance (GS 14)

    • Operators, issuers and fund providers30 min
    • Module 3 presentation15 min
    • Module 3 practice quiz15 min

  4. 4.Syndicated financing (GS 15)

    • Governing a syndicate from mandate to maturity30 min
    • Module 4 presentation15 min
    • Module 4 practice quiz15 min
    • Course summary and next steps10 min