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4 Courses

Chartered Fast-Track Masterclass

Shariah

This module is a primer on the fundamental Shariah principles and concepts, introducing the candidates to sources of Shariah, applications and impact to trade and finance, economics and ethics. Candidates will also learn key injunctions prescribed by Shariah and learn the role of logic and critical reasoning in the application of Shariah to decide various matters.

Chartered Fast-Track Masterclass

Overview of Financial Products

This module introduces candidates to the wide range of products and services offered in the banking and takaful industries, and how these products address the financial needs of the various categories of customers. Candidates will learn about the underlying principles of the Islamic law and will be able to differentiate between conventional and Islamic contracts. Lastly, the module will expose the candidates to the comparison between equity and debt products in the banking industry. At the Intermediate level, candidates will progress to the Applied Shariah in Finance module, in which they will critically discuss the underlying Shariah contractual principles that form the basis of financial products and services.

Chartered Fast-Track Masterclass

Applied Shariah

This module is an extension to the concepts introduced in the Shariah module (Foundation) and expands on the underlying principles that form the basis for financial products and services. The primary focus is on contractual principles and structures in financial transactions - what constitutes Shariah-compliant contracts, their validity and elements, intended facilities and economic impact, what would nullify or breach the contracts, and the products' incentives and liability management from the business perspective.

Chartered Fast-Track Masterclass

Professionalism and Ethics

The purpose of this module is to ensure that the candidates apply ethical and professional behaviour in carrying out their tasks at work. It is the only module that is not eligible for exemption. Candidates will learn about ethics in general, and specific to Islamic finance practice — including the various international and domestic standards (Malaysia) on ethical practices. In addition, professional ethics is discussed vis-å-vis the CllF Code of Ethics. The module also outlines important professional skills and touches on governance issues relevant to Islamic finance practices.