Certified Islamic Fund Manager

"Cer­ti­fi­ed Is­la­mic Fund Ma­nager” is de­sig­ned by in­dust­ry spe­ci­alists and re­now­ned Is­la­mic scho­lars. This prog­ram en­su­res the ba­lan­ce bet­we­en the sub­jecti­ve and prac­ti­cal know­ledge on Is­la­mic funds. It al­so of­fers comp­re­hen­si­ve know­ledge that will stra­tegi­cal­ly pre­pare can­di­dates in bu­il­ding the­ir skills, com­pe­ten­ci­es and ex­pe­ri­en­ce as they en­ter in­to the Is­la­mic funds ma­nage­ment be­ing Sha­ri­ah comp­li­ant.

The Is­la­mic we­alth and funds ma­nage­ment first emer­ged in the 1960s when the in­vestors so­ught al­terna­tives to the con­venti­onal forms of in­vest­ment, par­ti­cular­ly due to in­te­rest-de­alings in con­venti­onal banks which is pro­hibi­ted in Is­lam and unet­hi­cal for non-Mus­lims as well. The Is­la­mic funds mar­ket is one of the fas­test gro­wing sec­tor of fi­nan­ci­al in­dust­ry in not on­ly Mus­lim but al­so in non-Mus­lim co­un­ti­es as well. It is es­ti­mated that the­re is pre­sent­ly mo­re than 400 USD bil­li­on of Is­la­mic as­sets un­der ma­nage­ment glo­bal­ly and mo­re than 350 Is­la­mic funds are now ope­rating in the mar­ket with 15% an­nu­al growth. The pri­mary cha­rac­te­ris­tic that dis­tingu­is­hes an Is­la­mic fund from con­venti­onal in­vesting is its comp­li­an­ce with Sha­ri­ah laws which re­qu­ires the find ma­nagers to ad­he­re to Sha­ri­ah.

Mo­dules & Stu­dy De­ta­ils

Du­rati­on: 4 Month

Num­ber of Mo­dule: 2

Du­rati­on of each Mo­dule: 2 Month

Mo­dule I

Int­ro­duc­ti­on to Is­la­mic Fi­nan­ce & Funds

• What is Ri­ba (In­te­rest) – Pro­hibi­ti­on of Ri­ba in Is­lam

Fun­da­men­tals of Is­la­mic eco­nomic

Is­la­mic Fi­nan­ci­al Pro­ducts

• Mu­shara­ka & Mu­dara­ba

• The ba­sic ru­les and Fe­atu­res of Mu­shara­ka & Mu­dara­bah

• Dist­ri­buti­on of Pro­fit & Loss in Mu­shara­kah & Mu­dara­bah

• Di­mini­shing Mu­shara­ka

• De­ter­mi­ne the Ren­tal in Di­mini­shing Mu­shara­kah

• Unit Sa­le me­chanism in di­mini­shing Mu­shara­kah

• Di­mini­shing Mu­shara­kah is Ide­al pro­duct for Is­la­mic Ho­using Fi­nan­ce

• Bai (By­uing&Sel­ling)

• Ba­sic Ru­les & Kind of Bai

• Bai Mu­raba­hah

• Ba­sic Fe­atu­res of Mu­dara­bah

• Mu­raba­ha as fi­nan­cing mo­de

• Sta­ges in­volve in Mu­raba­ha sa­le

• Sha­ri­ah comp­li­an­ce & Mu­raba­ha Pro­ducts

• Le­gal do­cumen­ta­ti­on of Mu­raba­ha cont­ract

• Mu­raba­ha in In­terna­ti­onal Tra­de

• Prac­ti­cal as­pects & Is­su­es of Mu­raba­ha

• Ca­se stu­dy

• Bai Sa­lam & Pa­ral­lel Sa­lam

• Bai Is­tisna

• Dif­fe­ren­ce bet­we­en Sa­lam & Is­tisna

• So­me ot­her Ty­pe’s of Bai (Ta­war­ruq, Bai Mu­sawa­mah, Bai Surf, Bai Ur­bo­on, Bai Een­na, Bai To­uliya, Bai Wad­hia)

• Bai ac­cording to Qua­lity (Bai Sa­lah, Bai Fa­sid, Bai Ba­til, Bai Ma­qo­of, Bai Ma­jo­ol, Bai Mu­qa­yyadah, Bai Mu’ajal)

• Ija­rah (Is­la­mic le­ase)

• What is le­asing?

• Sha­ria’h al­terna­tive – Ija­rah

• Ija­rah (Ope­rating Le­ase) vs. con­venti­onal le­asing (Fi­nan­ci­al Le­asing)

• Sha­ria’h comp­li­an­ce of Ija­rah

• Le­gal fra­mework & do­cumen­ta­ti­ons for Ija­rah pro­ducts

• Ba­sic fe­atu­re of Ija­rah cont­ract & Its Op­ra­ti­onal Me­chanism

• Prac­ti­cal as­pects & Is­su­es of Ija­rah

• Su­kuk Al Ija­rah

• Ca­se stu­dy

Mo­dule II

• Sha­ri­ah Comp­li­ant Se­curi­tiza­ti­on

• Me­chanism & Struc­tu­ring of Sha­ri­ah Comp­li­ant Funds

• Cre­ating op­portu­niti­es in emer­ging Mar­ket

• Struc­tu­ring, ope­rati­on and per­forman­ce of Su­kuk

• Dif­fe­rent ty­pe of Is­la­mic Funds

• Equi­ty Funds

• Ija­rah Fund

• Com­mo­dity Fund

• Mu­raba­hah Fund

• Bai-al-da­in

• Mi­xed Fund

• Re­al es­ta­te funds and RE­ITs

• Su­kuk funds

• Hed­ging Funds

• Pro­duct de­velop­ment in Is­la­mic Funds

• Hed­ging in Is­lam

• Me­chanism of Is­la­mic In­di­ces

• Is­su­es and Chal­lenges in Sha­ri­ah comp­li­ant Se­curi­tiza­ti­on

• The ro­le of Stock Exc­han­ge in Is­la­mic Fi­nan­ce

• Cur­rent po­siti­on of Is­la­mic Funds worl­dwi­de. Is­su­es and chal­lenges fa­cing the Is­la­mic Funds.

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:

1. Bo­oks, Li­tera­ture & Pre­sen­ta­ti­ons in PDF for­mat on Is­la­mic Bank &fi­nan­ce

2. Vi­deo CD’s & Po­wer­Po­int Pre­sen­ta­ti­ons

3. Sol­ved and un­solved ca­se stu­di­es

4. List of re­feren­ces Bo­ok and re­lated web­si­tes

5. Free subs­crip­ti­on of Bi­mont­hly on­li­ne ma­gazi­ne "Is­la­mic Ban­king and Fi­nan­ce”

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 Re­ading 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.