Islamic Fintech Frontier Quest
Structure, test and govern Islamic fintech products the way a Shari'ah product analyst does
Advanced · 10 hours · 17 lessons · Language: English and Arabic · ID: IFS-COU-0082
Shari'ah approved by Mufti Syed Zahid Siraj, Chief Shari'ah Advisor
USD 25Original price USD 45
Included in the annual membership.
No expiry
Structure, test and govern Islamic fintech products the way a Shari'ah product analyst does. This advanced gamified course takes you to the frontier of Islamic finance, in eight interactive missions set inside a fictional fintech start-up and its partner bank, with real product questions, contract and fund flows, worked figures and the controls a practitioner needs. In each one you flip learning cards, make decisions in short scenarios, race through true-or-false rounds, match terms, put steps in order, sort sound designs from weak ones, and finish with a final challenge where you have three lives. You earn XP, keep streaks, collect stars and unlock a badge for every mission.
The missions:
- The fintech frontier and Shari'ah first principles
- Digital Islamic banking and neobanks
- Payments, e-wallets, remittances and BNPL
- Islamic crowdfunding and P2P finance
- Tokens on the ledger
- Crypto, stablecoins and CBDCs
- Smart machines, fair finance
- Launch day
After each mission a short recap sums up what you unlocked, with the references. Where scholars and Shari'ah boards differ, as on e-money float, buy-now-pay-later fees, crypto-assets and AI in Shari'ah review, the course presents the main views. When all eight badges are yours, take the final exam: 40 questions drawn from a bank of 96, in 80 minutes, 70% to pass.
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
- Test any digital financial product against riba, gharar, maysir, ownership and substance over form, apply the rules on online contracts, and take a product through Shari'ah approval.
- Design digital banking, payment, e-wallet, remittance and buy-now-pay-later journeys in the right contractual order, with fees, float and late payments handled soundly.
- Structure donation, reward, equity, debt and waqf crowdfunding, and set a platform's duties as agent: due diligence, trust accounts, disclosure and default handling.
- Explain how blockchain, smart contracts, tokenisation, crypto-assets, stablecoins, CBDCs and AI-driven services raise Shari'ah questions, and present the main scholarly views where boards differ.
- Build the regulatory, risk and Shari'ah governance framework of an Islamic fintech, from sandbox and cyber risk to board oversight, internal Shari'ah audit of systems and launch-day controls.
Syllabus
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1.Mission 1: The fintech frontier and Shari'ah first principles
- How this quest worksFree preview5 min
- Mission 1: The fintech frontier and Shari'ah first principlesFree preview50 min
- Recap: The fintech frontier and Shari'ah first principles15 min
2.Mission 2: Digital Islamic banking and neobanks
- Mission 2: Digital Islamic banking and neobanks50 min
- Recap: Digital Islamic banking and neobanks15 min
3.Mission 3: Payments, e-wallets, remittances and BNPL
- Mission 3: Payments, e-wallets, remittances and BNPL50 min
- Recap: Payments, e-wallets, remittances and BNPL15 min
4.Mission 4: Islamic crowdfunding and P2P finance
- Mission 4: Islamic crowdfunding and P2P finance50 min
- Recap: Islamic crowdfunding and P2P finance15 min
5.Mission 5: Tokens on the ledger
- Mission 5: Tokens on the ledger50 min
- Recap: Tokens on the ledger15 min
6.Mission 6: Crypto, stablecoins and CBDCs
- Mission 6: Crypto, stablecoins and CBDCs50 min
- Recap: Crypto, stablecoins and CBDCs15 min
7.Mission 7: Smart machines, fair finance
- Mission 7: Smart machines, fair finance50 min
- Recap: Smart machines, fair finance15 min
8.Mission 8: Launch day
- Mission 8: Launch day50 min
- Recap: Launch day15 min