About the Course
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 transaction-al issues related to the use of Sukuk in the modern Islamic finance. This course, Certified Sukuk Professional 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.
The course is structured by leading professionals on career-based for everybody regardless of whether you are banking professional or a recent graduate. This Islamic banking training is well-recognized among the financial institutions. It aims to hone your Islamic banking skills that employers actually seek. Course graduates are serving renowned banking institutions, all over the world.
The program is a standalone Islamic finance qualification in Islamic banking and finance. It is aimed at providing a deeper understanding of Islamic banking. You will gain a solid foundation in the core concepts and prohibitions as well as the methods applied in Islamic banking operations and the broad implications in structuring financial products and investments to comply with Islamic principles. You will also develop a wider understanding of the important management disciplines and corporate governance that must equally comply with the core Islamic principles requiring to protect the interests of all stakeholders, not just the shareholders.
Who Should take this Course
The program is open to all across the world. You will not need to have any background in banking and knowledge of Islamic principles. You will learn to apply economic reasoning to differentiate between the objectives of Islamic bond or sukuk and those of conventional bond .
The course is also meant for those who want to specialize in Islamic bond as their career. It is also appropriate for those who are already in capital market, and Banking sector including:
- Islamic Fund and asset managers
- Bankers and finance professionals
- Stock brokers
- Academics and students
- Takaful or Insurance professionals
- Scholars of Shari’ah
- And those interested to work in Islamic finance
Payment: You have option to choose your payment method at checkout
Students who change their mind after enrollment, and do not want to continue their studies, should notify giibic 15 days from the date the enrollment registration sent to them. Student have to send an email advising the institute giving reasons on how why he/she want to cancel the enrollment. Any such letter reaching the institute after 15 days of enrollment registration cannot be accepted, and processed
Payment Refund: Refund will be processed fully less administrative charges and bank charges, if request is received with the 15 days of enrollment registration, and student has not access the course material or submit assignment yet. Payment will be sent back through the same channel of payment where fund was received.
The duration is 6 months
Syllabus: There are 2 modules and 6 courses
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
- also Riba tul Fadle
- and 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.
Giibic operate on open enrollment program. This means, you can apply anytime and be admitted for you to pursue the course of your choice. Application into all program requires a good working knowledge of English language. However it is preferable that those applying for Post Graduate Diploma in Halal or Master Diploma in Islamic Banking and Finance to be a graduate with a bachelor degree from a recognized university, and preferable be at least 18 years old at the time of submitting the application. This is preference and not requirement. For those who do not have degree, we will consider other equivalent alternatives such as employment history in a corporate sector for at least 3 years.
All our courses are studied on distance learning model. Study materials are kept on online virtual learning environment (VLE). Students can choose to have material through email. Student will have enrollment username and password to login and download materials, and study on their own comfort and their own pace, and convenience. Each course has to be completed within the time allocated to it. Each course material study has an assignment to do, and upload onto the VLE before your move on to the next course, till all courses on under each module is completed. You can study the course anywhere in the world, since the study does not requires you to attend any classroom lecturers.
Assessment & Examination:
The course is studied by submitting assignments to each course. Students work are checked throughout the study period by the assigned tutor. Assignment needs to be concise and carry clear understanding of course material, demonstrating students understand of subject matter
At moment there is no final examination set for each course, students are evaluated base on the assignments that they submit for each course. The assessment to these assignment are review internally and students award is based on successful completing the course, and demonstrating clear understanding of subject matter
Once you enrolled you will have access to our support team to help you study, including referencing, academic assignment and reading. You will be assigned to an Academic Personal Tutors who will support you for the duration of your course and help you with personal and academic development. Your tutor will provide you with clarifications and give you assessment on the assignments you submit, though your registered email.
Your tutor will regularly review your progress against the milestones that will be set by the Institute. Whilst the concept of distance-learning is to allow you to proceed at your own pace, it is necessary to indicate milestones so that you are aware of the amount of work that is involved in the course. Past experience has shown that students who are left to complete their studies without set timescales are unlikely to complete at all.