 For the successful completion of this Diploma, a candidate should devote an average of 18 hour a week for study and submit the assignments accordingly. As course completion duration is 4 months, however it may be completed in 8 month.
| Duration: |
4 Months |
| Number of Modules: |
2 |
| Assignment per Module: |
3 |
| Duration of each Module: |
8 Weeks |
| Total Number of Courses: |
6 |
Module I
(Introduction to Riba, Islamic Economics & Islamic Micro Finance)
CIMM: 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.
CIMM: 402: Overview of Islamic Economics & Microfinance System
- Introduction to Islamic Economics System.
- Comparison of Islamic Economic System with Socialism & Capitalism.
- What is Microfinance? How its works? Their Characteristics, sustainability, outreach and Problems pertaining to this system.
CIMM: 403: Islamic Microfinance Finance & its Product Mechanism
- Islamic Micro Finance as effective tool of poverty alleviation. Islamic Micro Financial Products Mechanisms & Compatibility with Conventional Microfinance Products.
- Trade Based Modes of Islamic Microfinance ( Murabahah, Salam, Istisna etc.)
- Mechanism of Trade Based Product ( Murabahah, Salam & Instisna ), how they are ideal of Microfinance Sector.
Module II
(Islamic Microfinance Products & MicroTakaful)
CIMM: 404: Islamic Microfinance Products
- Partnership based of Islamic Microfinance (Mudarabaha & Musharakah)
- Rental Based Mechanism/Products of Islamic Microfinance (Ijarah & Diminishing Musharakah)
- Application of Partnership & Rental based modes in Islamic Microfinance.
CIMM: 405: Different Models & Deposit Management in Islamic Microfinance
- Definitions, Concept & Uses of Waqf, Qarz-e-Hassan, Cooperatives & Zakat in Islamic Microfinance system.
- Liability (Deposit) Management Techniques for Islamic Microfinance.
- Product Development of Islamic Microfinance Institutions.
CIMM: 406: Micro Takaful (Islamic Micro Insurance)
- What is Micro Takaful? How MicroTakaful products works with Islamic Microfinance.
- Structure, Operation and Performance of Micro Takaful for Poverty Alleviation.
- Opportunities and Challenges of Islamic Microfinance.
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