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Exam preparationPaidSukuk and capital markets

Islamic Banking, Capital Markets, Takaful and Social Finance

Banking services and cards, liquidity and syndication, sukuk, shares and indices, takaful, zakah and waqf

Intermediate · 11 hours · 20 lessons · Language: English and Arabic

USD 9USD 19

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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.

This course applies the Shari'ah standards to the institutions and markets of Islamic finance: banking services, payment cards and credit agreements; obtaining and deploying liquidity, syndicated financing, competitions and prizes and the conversion of a conventional bank; investment sukuk; shares, bonds, indices and commercial papers; takaful and retakaful; and zakah and waqf.

The course covers Parts C, D and E of the AAOIFI CPSS syllabus and the Islamic social finance section of Part B. 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, is not affiliated with AAOIFI and is not a fatwa.

What you will learn

  • Apply the Shari'ah rules to banking services, payment cards and credit facilities
  • Explain permissible methods of managing liquidity and structuring syndicated financing
  • Distinguish the main types of sukuk and the conditions for trading them
  • Screen shares, use indices and handle commercial papers in line with the standards
  • Describe the takaful and retakaful models and the rules of zakah and waqf

Syllabus

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  1. 1.Banking services, payment cards and credit agreements

    • Welcome to the courseFree preview1 min
    • Everyday banking under the standards (SS 28, 61 and 37)Free preview30 min
    • Module 1 presentation15 min
    • Module 1 practice quiz15 min

  2. 2.Liquidity, syndication, prizes and conversion

    • Managing liquidity and institution-level issues (SS 44, 24, 55 and 6)30 min
    • Module 2 presentation15 min
    • Module 2 practice quiz15 min

  3. 3.Investment sukuk

    • Structures, ownership and trading of sukuk (SS 17 and SS 62)30 min
    • Module 3 presentation15 min
    • Module 3 practice quiz15 min

  4. 4.Shares, bonds, indices and commercial papers

    • Equity markets and negotiable instruments (SS 21, 27 and 16)30 min
    • Module 4 presentation15 min
    • Module 4 practice quiz15 min

  5. 5.Takaful and retakaful

    • Islamic insurance and reinsurance (SS 26 and SS 41)30 min
    • Module 5 presentation15 min
    • Module 5 practice quiz15 min

  6. 6.Zakah and waqf

    • Obligatory alms and endowments in modern institutions (SS 35 and SS 60)30 min
    • Module 6 presentation15 min
    • Module 6 practice quiz15 min
    • Course summary and next steps10 min