ifSPACE Associate in Islamic Finance: study modules
Foundations, the three prohibitions and the main contracts, in three short modules
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0041
These three short modules prepare you for the ifSPACE Associate in Islamic Finance certification exam. They explain where the rules of Islamic finance come from and what makes a contract valid, how to recognise riba, gharar and maysir, and how sale, lease, partnership and agency contracts are used by Islamic banks, sukuk and takaful under Shari'ah governance.
Each module has a friendly reading with a worked example, slides, study notes and a short practice quiz. No previous knowledge is needed.
This is independent ifSPACE study material written in its own words. It is not affiliated with AAOIFI and it is not a fatwa.
What you will learn
- Explain the sources and objectives of Shari'ah and test whether a simple contract is valid
- Recognise riba, gharar and maysir in everyday situations, including currency and gold exchanges
- Describe how the main sale, lease, partnership and agency contracts work in Islamic banks, sukuk and takaful
Syllabus
1.Foundations: sources, objectives and valid contracts
- Where the rules come from and what makes a contract valid20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.The three prohibitions: riba, gharar and maysir
- Recognising riba, gharar and maysir20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Main contracts, institutions and governance
- Sale, lease, partnership and agency in Islamic institutions20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min