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Islamic Microfinance is a new emerging in the field of Islamic Finance, so there is an immediate need to have a comprehensive Education, Training, Market Study and Awareness on this subject. IFBTC offers a Specialized Comprehensive Certificate Program on Islamic Microfinance on Distance Learning basis. It is highly structured, interactive and innovatively designed Program with an interactive methodology under the auspicious supervision to a panel of Academicians, Shariah scholars and professionals to ensure high quality material.
The aim of the course is to provide educational facilities and trainings to the people who cannot leave their homes and jobs with an additional opportunity for their educational uplift under Islamic Microfinance Manager program comprises of two modules, each having two months duration. Strong tutorial support is an integral part of the distance education system. The material provided by the tutorial sessions will help the students to update their knowledge according to the latest terms and concepts globally used in Islamic Microfinance.
Modules & Study Details
Duration: 4 Month
Number of Module: 2
Duration of Each Module: 2 Month
Shariah Foundation and Applications in Micro/ Rural Finance
Sale Base Modes in Islamic Microfinance
o Basic Features of Mudarabah
o Murabahah as financing mode in Micro/Rural Finance Sector
o Step involve in Murabaha sale
o Shariah compliance & Murabahah products
o Practical aspects & Issues of Murabaha
o Salam
o Basic Features of Salam
o Salam as financing mode in Micro/Rural Finance Sector
o Step involve in Salam sale
o Parallel and Rules of Parallel Salam
o Istisna
o What is Istisna?
o Istisna as financing mode in Micro/Rural Finance Sector
o Procedure involved in Salam sale
o Difference between Istisna’ and Salam
o Difference between Istisna’ and Ijarah
A Glance on Conventional Microfinance
o The basic rules and Features in Mudarabah
o Type of Modarabaa
o Restricted Mudaraba
o Unrestricted Mudarabah
o Profit and loose distribution in Mudarabah
o Termination of Mudarabah
o Musharakah
o The basic rules and Features of Musharakah
o Type of Musharakah
o Shirkat – ul- Milk
o Shirkat-ul-Aqd
o Profit and loose distribution in Musharakah
o Management of Musharakah
o Termination of Musharakah
o The difference between Musharakah and Mudarabah:
o What is Ijarah?
o Shariah Principles of Ijarah
o Ijarah (Operating Lease) vs. Conventional Leasing (Financial Leasing)
o Shariah Compliance of Ijarah
o Diminishing Musharakah
o Determine the Rental in Diminishing Musharakah
o Unit Sale mechanism in Diminishing Musharakah
o Diminishing Musharakah as Ideal Product for Micro Housing Finance
o Liability (Deposit) Management Techniques for Islamic Microfinance
o Product Development for Islamic Micro Finance Sector
Introductory Material Set
This course consists of two modules and each module has 3 month duration. Each Module builds up on knowledge from the previous one. You will be evaluated by subjective as well as multiple choice question as per module.
Module-1, is sent by post which includes the introductory material set
Your course Material consists on:
Students also utilize the next Module material is sent after the successful completion of the previous module.
Methodology
The communication with the student will be made trough email. The course contents which will consist of CD’s, Notes, Books on PDF Format, PowerPoint Presentations, Literatures and concerned websites details will be sent to the student. Our website will be updated on daily basis. All the facts, figures, information about admission, programs and knowledge centre are continuously updated on website.
The students will be provided with e-mail address of advisory panel, so that they will communicate with them regarding their queries and advisor will timely respond to student’s queries.
Tasks and result of assignments
After the assigned topics, students will have to solve three assignments given at the end of reading material and submit at the given email address. The advisory panel will evaluate assignments and mark sheet will be declared with reference to your registration number. Each assignment will carry 100 marks. The passing marks for each assignment are 60%.
Your answer should satisfy the given subject. If Advisory panel is not satisfy with your answers or you may not approach the Advisors level, than you have to redesign your assignment. You will proceed to the next module only on behalf of the previous module result which is informed to you by IFBTC.
You are instructed to submit your assignment at once within 7 weeks after receiving study material. Your result is maintained only on the behalf of the Assessment marks by the Advisory panel. There are no exams. The next Module material will be sent to you after receiving the solved assignments to the previous Module until you have completed all Modules in the course.
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