CERTIFIED ISLAMIC FINANCE SHARIAH EXPERT (CIFSE) - ADVANCED
in Islamic FinanceAbout this course
This level 3 (Advanced), discusses advanced topics in Islamic Finance including: Islamic Financial Markets & its Instrument, Risk Management in Islamic Finance, Takaful (Islamic Insurance) and Shariah Governance.
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The lesson - with practical examples - discusses Shariah-Compliant Investment Products such as Equity funds, Commodity funds, Mutual Funds, Sukuk funds (Islamic bonds), Real estate investment trusts (REITs) and Islamic Banking Accounts.
The lesson discusses major types of financial risks such as: Market Risk, Credit Risk, Liquidity Risk, Operational Risk, Legal and Regulatory Risk, Profit Rate Risk, Inflation Risk and risks specific to Islamic finance such as Delivery Risk, Quality Risk, Asset Ownership Risk among many others.
The lesson discusses principles of Takaful such as donation, Cooperation, Solidarity and Shared responsibility and major Shari'ah models used in Takaful such as Mudaraba and Wakala.
The lesson discusses Shari'ah governance in Islamic Finance with a focus on the Shari'ah Supervisory Board (SSB), its appointment, roles and dismissal. It also discusses the Internal Shari'ah department (unit) and its roles of review and audit.