CERTIFIED ISLAMIC SACCO EXPERT
This course is aimed at equipping learners with skills that will enable them become experts in Islamic SACCOs and their 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) […]
This course is aimed at equipping learners with skills that will enable them become experts in Islamic SACCOs and their 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) The Islamic Sacco, (3) Liability Products of Islamic Sacco’s (4) Asset Products of Islamic Sacco’s (5) Service-Based Products in Islamic Sacco (6) Product Development Process and Creation of Islamic Windows (7) Shari’ah and Governance in Islamic Sacco’s (8) Operation of Islamic Sacco and Shari’ah Monitoring Process (9) Risks in Islamic Saccos (10) Research and Development (11) Sales and Marketing, and (12) Current Trends in Islamic Finance Industry.
Module 1 Fundamentals of Islamic Financial System
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1
OverviewThe lesson gives a general overview of the Islamic Financial System.
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2
Key terms
The lesson gives definitions of common terms that are used in this course.
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3
Meaning of Shari'ah and its Sources
The lesson defines Shari'ah and its primary & secondary sources.
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4
Quiz on Sources of Shari'ahThe quiz tests learners understanding on sources of shari'ah -
5
The Shari'ah Framework
The lesson discusses the Shari'ah framework including the two legs of Shari'ah, ie the Ahkam and the Maqasid.
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6
Quiz on Shari'ah frameworkThe quiz tests Shari'ah framework
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7
History of Islamic Finance
This section focusses on Islamic finance and its history.
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8
Salient features of Islamic Finance
The 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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9
Quiz on salient features of Islamic financeThe quiz tests salient features of Islamic finance
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10
Difference between Islamic Finance and Conventional finance
The lesson discusses differences between Islamic finance and convensational finance
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11
Quiz on differences between Islamic Banking and conventional BankingThe quiz tests differences between Islamic finance and conventional finance
Module 2 Introduction to Saccos
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12
Overview
This lesson gives an overview of SACCOs.
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13
Introduction to SACCOs
This lesson discusses meaning of SACCOs, their types, history, key features principles & values of saccos, regulation, impact of SACCOs in Kenya, challenges & opportunities of SACCOs, and finally a brief overview of Islamic SACCOs/windows.
Module 3: Liability Products of Islamic Sacco’s
Module 4: Asset Products of Islamic Sacco’s
Module 5: Service-Based Products in Islamic Sacco
Module 6: Product Development Process and Creation of Islamic Saccos Windows
Module 7: Shari’ah and Governance in Islamic Sacco’s
Module 8: Operation of Islamic Sacco and Shari’ah Monitoring Process
Module 9: Risks in Islamic Saccos
Module 10: Research and Development
Module 11: Sales and Marketing
Module 12: Current Trends in Islamic Finance Industry
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