INTRODUCTION TO ISLAMIC SACCO AND ITS PRODUCTS
- Description
- Curriculum
This course aims at introducing learners to Islamic SACCO and its products. You are not required to be well versed in Islamic finance, neither are you required to be professing the Islamic faith to take this course. The main focus areas of the course are: (1) Fundamentals of Islamic finance (2) Products of Islamic SACCOs (3) Shari’ah Governance in Islamic SACCOs, and (4) Creation of Islamic SACCOs Windows.
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1
Salient features of Islamic FinanceThe lesson focuses on the salient features of Islamic finance, such as the concept of ownership of wealth, fair dealings, trading in Shari'ah compliant businesses only, and the principle of no risk, no gain.
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2
Quiz on fundamentals of Islamic financeThe quiz tests fundamentals of Islamic finance
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3
Asset based Products in Islamic Saccos
The topic covers asset products of Isamic SACCOs and their underlying Shari'ah contracts, such as Murabaha, Tawarruq, Salam, Istisna, Mudharaba, Musharaka, and Ijara, Muzara, Misaqa, Mugharasa and Sukuk.
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4
Quiz on asset productsThe quiz tests the learner's understanding of the asset products and their underlying Islamic commercial contracts.
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5
Liability and fee based Products in Islamic SACCOs
This lesson discusses the liability based products of Islamic SACCOs which use commercial contracts such as Qardh, Mudharaba, and fee based products which use commercial contracts such as Wakala, Ujra, among many others.
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8
Creation of Islamic SACCO Window
The lesson discusses the requirements for creation of Islamic SACCOs andWindows, and the major steps that should be taken to ensure their Shari'ah compliance.
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9
Quiz on creation of Islamic SACCOsThe quiz tests learners understanding of creation of Islamic SACCOs and windows.
