| Certified Islamic Microfinance Manager |
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Modules & Study Details
Duration : 4 Month
Number of Module: 2
Duration of Each Module: 2 Month |
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| Module I |
Shariah Foundation and Applications in Micro/ Rural Finance
- Conceptual Framework of Islamic Micro/Rural Finance
- Riba and Prohibition of Riba
- Economic Rational for Prohibition of Riba
- The Basic Framework for Islamic Financial System
- Compatibility of Microfinance with Islamic Modes
Sale Base Modes in Islamic Micro Finance
- Murabahah
- Basic Features of Mudarabah
- Murabaha as financing mode in Micro/Rural Finance Sector.
- Step involve in Murabaha sale
- Shariah compliance & Murabaha Products
- Practical aspects & Issues of Murabaha
- Salam
- Basic Features of Salams
- Salam as financing mode in Micro/Rural Finance Sector.
- Step involve in Salam sale
- Parallel and Rules of Parallel Salam
- Istisna
- What is Istisna ?
- Istina as financing mode in Micro/Rural Finance Sector.
- Procedure involved in Salam sale
- Difference between Istisna’‘ and Salam
- Difference between Istisna’ and Ijarah
A Glance on Conventional Microfinance
- Microfinance – Considered a tool for poverty alleviation
- Microfinance – Characteristics
- Outreach and Sustainability Problem:
- Microfinance Program’s Sustainability
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| Module II |
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Profit and Loss – Sharing Instruments of Micro/Rural Finance
- Mudarabah
- The basic rules and Features of Mudarabah
- Type of Modarabaa
- Restricted Mudarabah
- Unrestricted Mudarabah
- Profit and loose distribution in Modarabah
- Termination of Modarabah
- Musharakah
- The basic rules and Features of Musharakah
- Type of Musharakah
- Shirkat – ul- Milk
- Shirkat-ul - Aqd
- Profit and loose distribution in Musharakah
- Management of Musharakah
- Termination of Musharakah
- The Difference Between Musharakah and Mudarabah:
- Rental Base Mechanism in Islamic Micro/Rural Finance
- Ijarah ( Islamic Lease )
- What is Ijaraqh?
- Sharia’h Principles of Ijarah..
- Ijarah ( Operating Lease ) vs. conventional leasing ( Financial Leasing )
- Sharia’h compliance of Ijarah
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- Diminishing Musharaka
- Determine the Rental in Diminishing Musharakah
- Unit Sale mechanism in Diminishing Musharakah
- Diminishing Musharakah as Ideal product for Micro Housing Finance.
- Liability (Deposit) Management Techniques for Islamic Microfinance
- Product Development for Islamic Micro Finance Sector
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