ifSPACE Professional in Islamic Finance Contracts: study modules
Three short modules on the sale, lease, agency and partnership contracts of Islamic finance
Introductory · 3 hours · 9 lessons · Language: English and Arabic · ID: IFS-COU-0042
Islamic finance works through real contracts: sales, leases, agencies and partnerships. These three short modules explain, in plain language, how murabahah, tawarruq, salam and istisna'a finance goods; how ijarah, lease ending in ownership, agency and service contracts work; and how musharakah, mudarabah and investment accounts share profit and loss, and which ways of protecting capital are allowed.
Each module has a reading with a worked example, slides, study notes and a short practice quiz. The modules prepare you for the ifSPACE Professional in Islamic Finance Contracts 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 how murabahah, tawarruq, salam and istisna'a work and the rules that keep them genuine sales
- Say who bears which risks in ijarah and lease ending in ownership, and describe the duties of agents and service providers
- Share profit and loss correctly in musharakah and mudarabah and tell permitted from prohibited ways of protecting capital
Syllabus
1.Sale-based contracts: murabahah, tawarruq, salam and istisna'a
- How sale-based financing works20 min
- Module 1 presentation15 min
- Module 1 practice quiz10 min
2.Leasing, agency and service contracts
- Ijarah, lease ending in ownership, agency and services20 min
- Module 2 presentation15 min
- Module 2 practice quiz10 min
3.Partnership contracts: musharakah and mudarabah
- Sharing profit and loss and protecting capital20 min
- Module 3 presentation15 min
- Module 3 practice quiz10 min