Certified Sukuk Professional

Certified Sukuk Professional

“Certified Sukuk Professional” course is a highly structured and practice oriented course which is designed under the supervision of Sukuk experts in order to meet the market demand for Human Resources in this area.

The aim of this course is to educate individuals with the Sukuk principles, structures, methodologies and practical transactional issues related to the use of Sukuk in the modern Islamic finance. ”Certified Sukuk Professional” program comprises of two modules, each module having three 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 used globally on Sukuk.

Sukuk or Shariah compliant securities emerged as innovation of the 21st century and an increasingly important asset class in Islamic financial system. With a very high market growth rate of 35 % p.a. by a careful estimate, it is expected to be worth $200 billion by the year 2010.

Certified Sukuk Professional

 

Modules and Study Details

 

For the successful completion of this Diploma, a candidate should devote an average of 21 hour for study and submit the assignments accordingly.Course completion duration is 6 months, however it may be completed in 8 month.

Duration:6 Months
Number of Modules:2
Assignment per Module:3
Duration of each Module:12 Weeks
Total Number of Courses:6

Module I

(Introduction to Riba, Islamic Economics & Sukuk)


CSP: 401: Riba & Islamic Economics

  • What is Riba (Interest)? Prohibition of Riba in Islam.
  • Types of Riba.
    • Riba tul Nissayah
    • Riba tul Fadle
  • Riba in Modern Banking and Insurance.

CSP: 402: Overview of Islamic Economics & Banking

  • Introduction to Islamic Economics System.
  • Comparison of Islamic Economic System with Socialism & Capitalism.
  • Introduction to Islamic Banking and Finance, Islamic Banking and Financial Products and their Mechanisms. ( Trade Based Modes, Rental Based Modes & Partnership based modes)

CSP: 403: Introduction of Sukuk & Securitization

  • Introduction to securitization? What is Islamic securitization?
  • The underlying principles &  benefits of securitization
  • What is Sukuk ? Comparison of Sukuk with Conventional Bond

Module II

(Sukuk, Types, Challenges & Opportunities of Sukuk Industry)


CSP: 404: Sukuk (Islamic Bond)

  • Introduction of Sukuk ( Islamic Bond ).  Sukuk in Islamic Era.
  • Mechanism, Operation, performance and Structuring of Sukuk
  • AAOIFI Standards of Sukuk

CSP: 405: Types and Structure of Sukuk (Islamic Bond)

  • Different Types of Sukuk, Ijarah Sukuk, Murabahah Sukuk, Salam Sukuk, Istisna Sukuk, Musharakah Sukuk, Modarabah Sukuk etc.
  • Sukuk as Liquidity Market Instrument. Creating opportunities in emerging Market
  • Different Specialized Models of Sukuk e.g. Real Estate Sukuk, Infrastructure Development, Airline Sukuk, Energy Sector, Port Development etc.

CSP: 406: Challenges & Opportunities of Sukuk Industry

  • Factor to Consider for Sukuk Issuance.
  • Issues, Challenges & Opportunities of Sukuk Industry.
  • Legal & Regularity Framework of Sukuk.

Study Material

This course consists of Two modules and each module has 2 months duration. Each Module builds up knowledge from the previous one. You are evaluated by subjective as well as multiple choice question on each lesson.

As you get registered an introductory material set is sent to you that include:

  • A username and Password to login into Student Section on AlHuda CIBE website.
  • Literature & Presentations in PDF format.
  • Video CD’s & PowerPoint Presentations.
  • Solved and unsolved case studies.
  • Books in PDF format, List of references Book and related websites.
  • E-mails of advisory panel to consult with them.
  • Free subscription of fortnightly online magazine “Islamic Banking and Finance”
  • Bi-Monthly home delivery Magazine named, ”True Banking”

The introductory material set includes comprehensive PowerPoint Presentations; topic related literature, useful web links, magazine & newspapers, articles and conference papers on Islamic banking and finance as well as recommended the book list. Students also utilize the Knowledge Centre section of AlHuda CIBE website (www.alhudacibe.com). The next module material is sent after the successful completion of the previous module. The study material would be sent in soft form.