PIB Certification Curriculum

Become an Islamic Banking Powerhouse!

Module 1: Demystifying Islamic Finance

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Global Financial Crisis & Debt - Video 🎦
Uncover the transformative principles of Islamic finance in addressing some of the root causes of global financial crises. This highlights and sets Islamic finance apart as a resilient alternative to conventional financial systems. Explore how it could provide alternative innovative solutions to today’s pressing economic challenges of unsustainable debt while fostering financial system stability. 
World Leaders Interest in Islamic Finance - Video 🎦
Discover why global leaders are lauding and embracing Islamic finance as a practical alternative.
What the Holy Books Say on Interest (Riba) - Video 🎦
An eye-opening perspective on the intersection of faiths and Islamic finance, reinforcing timeless values.
What Really is Islamic Finance - Video 🎦
Demystify and dive into understanding Islamic finance in reality and gain valuable insights into how it promotes a more balanced and equitable economic system.
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Module 2: Cost Plus Profit Product (Murabaha)

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Islamic Banking Products Overview - Video 🎦
Explore the most widely adopted Islamic banking products globally. Understand their underlying structural link to trade, revolutionizing modern day banking in line with Islamic principles.
Introduction - Video 🎦
Embark on your Journey to understanding the most popular product in Islamic banking - Cost Plus Profit Product (Murabaha)
Characteristics - Video 🎦
Unlock the key features of Cost Plus Profit Product (Murabaha) and discover what makes Murabaha unique among Islamic financial products. 
Structural & Sequential Anatomy - Video 🎦
Dive into the anatomy of success in structuring a Murabaha based financial product. It breaks down the structural and sequential steps of Murabaha to ensure shari'ah compliance in Islamic Banking.
Case Study on Structure & Sequence - Video 🎦
Master based on a real-world case study the step-by-step transactional structuring of a Murabaha product which can be applied as permissible alternatives to conventional interest based car loans or housing loans or white goods loans amongst many others.
Shari'ah Beneficial Safeguards on Asset - Video 🎦
Learn the Shari'ah rules and principles that act as shari'ah beneficial safeguards, governing the nature of the asset that can be used in a Murabaha financing transaction to ensure shari'ah compliance.
Shari'ah Beneficial Safeguards on Price - Video 🎦
Learn the Shari'ah rules and principles that act as shari'ah beneficial safeguards, governing the element of price in a Murabaha financing transaction to ensure shari'ah compliance.
Shari'ah Beneficial Safeguards on Parties - Video 🎦
Learn the Shari'ah rules and principles that act as shari'ah beneficial safeguards, governing the parties in a Murabaha financing transaction to ensure shari'ah compliance.
Shari'ah Beneficial Safeguards on Offer & Acceptance - Video 🎦
Learn the Shari'ah rules and principles that act as shari'ah beneficial safeguards, governing the sale contract offer & acceptance, in a Murabaha financing transaction to ensure shari'ah compliance.
Differences Between Interest-Loans & Islamic-Financing - Video 🎦
Debunking Myths: discover the key differences between interest based conventional banking loans and Islamic banking Murabaha financing. Gain clarity on how these differences make Islamic financing a more just and ethical financing solution for humanity.
Practical Applications of CPF - Video 🎦
Discover in real world scenarios of how cost plus profit financing product is practically applied for diverse financial solutions. Equip yourself by applying this actionable tool for structuring shari'ah compliant products. 
Tawarruq (Monetization) - Video 🎦
A practical guide to understanding one of the most debated products in Islamic banking and the restrictions in practical applications line with AAOIFI International Shari'ah Standard on Tawwaruq (Monetization - SS 30).
Risk Management in CPF - Video 🎦
Navigating & Managing Risks: Every financial product has its inherent risks. Delve into the unique risks involved in the life cycle of a cost plus profit (Murabaha) financing transaction and how to manage them, benchmarked upon the IFSB Standard on Risk Management governing Islamic banks (IFSB 1)
Conclusion - Video 🎦
A summary of the module to recap some of the main ideas you've learnt
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Module 3 – Islamic Lease Product (Ijara)

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Introduction - Video 🎦
A captivating introduction to Islamic Leasing and its application in Islamic banking.
Characteristics - Video 🎦
The DNA of Leasing: Core Characteristics of Islamic Lease Models. Learn the core features that make Islamic leasing unique.
Structural & Sequential Anatomy - Video 🎦
Discover the key building blocks of a structuring a successful Islamic leasing transaction in line with shari'ah.
Case Study on Structure & Sequence - Video 🎦
Real-World Applications: Case Studies on Structure & Sequence in Leasing. Analyze real-world leasing scenarios to understand the power of Islamic leasing in driving Islamic banking products solutions.
Shari'ah Beneficial Safeguards - Video 🎦
Ethical Guardrails: Shari’ah Safeguards in Leasing Transactions. Learn the ethical safeguards that ensure Shari'ah compliance and trust in Islamic leasing transactions.
Differences Between Islamic & Conventional Lease - Video 🎦
Islamic vs Conventional Leases: Key Differences You Need to Know. Understand the fundamental differences between Islamic and conventional leasing.
Practical Applications of Islamic Lease - Video 🎦
Transformative Solutions: Explore practical, actionable Islamic leasing models tailored to meet today’s Islamic banking needs in diverse areas as shari'ah compliant alternatives to non-permissible conventional student loans and other products.
Case Study on Finance Lease - Video 🎦
Finance Lease in Action: A Practical Case Study. Dive into a real-world example of finance leasing in Islamic banking for home ownership financing amongst others.
Case Study on Forward Lease - Video 🎦
Where there is no asset - Forward Leases Explained: Real-Life Case Applications. Understand the applications of forward leasing through a real-world example.
Transfer of Leased Asset - Video 🎦
Ownership and Beyond: Learn how ownership of the leased asset transitions from the bank to the customer in Islamic leasing while staying Shari’ah-compliant.
Risk Management in Islamic Lease - Video 🎦
Effective Risk Management in Islamic Leasing. Gain shari'ah compliant strategies to manage and mitigate risks across the life cycle of Islamic leasing effectively, grounded upon the IFSB Standard on Risk Management governing Islamic banks (IFSB 1)
Conclusion - Video 🎦
Highlights a summary of the module
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Module 4 – Forward Sale Product (Salam)

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Introduction - Video 🎦
Your Journey Begins with an exploration of Forward Sales financing in Islamic banking
Characteristics - Video 🎦
Key Characteristics Explained. Understand the unique attributes that makeup the forward sale financing product.
Structural & Sequential Anatomy - Video 🎦
Dissect the structural and sequential anatomy of a forward sale financing transaction in a step by step fashion.
Practical Applications of Forward Sale - Video 🎦
Forward Thinking: Practical Applications of Forward Sales. Discover innovative ways forward sales are used in real lief Islamic banking product structuring applications such as agricultural financing amongst others
Case Study on Parallel Forward Sale - Video 🎦
Parallel Forward Sale in Action: Real-World Case Study showcasing the use of parallel forward sale financing as an Islamic banking product solution.
Difference Between FS & CPF - Video 🎦
Breaking It Down: FS vs CPF – What’s the Difference? Learn the critical distinctions between forward sales and cost plus profit financing products
Risk Management in FS - Video 🎦
Proactive Strategies to Equip yourself with tools to manage some of the key risks in forward sales aligned with the IFSB Standard on Risk Management governing Islamic banks (IFSB 1)
Shari'ah Beneficial Safeguards - Video 🎦
Ensuring Shari'ah Compliance: Shari’ah Safeguards in Forward Sales. Understand how Shari’ah principles ensure compliance, fairness and transparency in forward sales financing transactions.
Conclusion - Video 🎦
Wrapping Up Forward Sales in summary
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Module 5 – Manufacturing or Construction Product (Istisna)

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Introduction - Video 🎦
An insightful opener to the Manufacturing or Construction Product (Istisna) in Islamic banking
Characteristics - Video 🎦
Unpack the key attributes of the Manufacturing or Construction Product (Istisna).
Structural & Sequential Anatomy - Video 🎦
The Building Blocks: Dive into the structuring mechanics involved in successfully designing Manufacturing or Construction financing Product (Istisna) in alignment with shari'ah rules and principles. 
Practical Applications of MC Sale - Video 🎦
Making It Work: Practical Applications - Understand how Manufacturing or Construction Product are implemented in various Islamic banking scenarios across diverse financing needs such as real estate financing amongst others
Case Study on Parallel MC Sale - Video 🎦
Case Study: Insights into Parallel Istisna financing transactions in a real-world scenario.
Difference Between MC Sale & FS - Video 🎦
MC Sale vs Forward Sale: Understanding the Key Distinctions to know best product to use depending on nature of financing need.
Risk Management in MC Sale - Video 🎦
Shielding your transactions. A look into the risk management techniques tailored for Istisna financing transactions.
Shari'ah Beneficial Safeguards - Video 🎦
Staying Shari’ah-Compliant: Safeguards in Murabaha Transactions. Learn how Shari’ah guidelines ensure ethical compliance in Murabaha sales.
Conclusion - Video 🎦
Final Thoughts on Murabaha: What You’ve Learned. Reflect on the key insights and lessons from Murabaha transactions benchmarked upon the IFSB Standard on Risk Management governing Islamic banks (IFSB 1).
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Module 6 – Profit Sharing and Loss Bearing Product (Mudarabah)

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Introduction - Video 🎦
Profit-Sharing Made Simple: An Introduction to PSLB (Profit Sharing and Loss Bearing). Begin exploring PSLB with an engaging introduction to its key principles.
Characteristics - Video 🎦
Characteristics of PSLB Contracts. Learn the features that make PSLB contracts vital in Islamic banking.
Structural & Sequential Anatomy - Video 🎦
Success by Design: Gain a practical insight into the structural anatomy of PSLB (Profit-Sharing and Loss-Bearing) products and discover their remarkable versatility in structuring both bank financing and bank deposit solutions while ensuring Shari’ah compliance.
Practical Applications of PSLB - Video 🎦
Discover PLSB as the most popular underlying concept used to structure Islamic banking investment (savings/term deposit account) products which substitute conventional interest based deposit products such as savings deposit accounts and fixed deposit accounts which are non-permissible. 
Difference Between Conventional & PSLB Deposit - Video 🎦
Breaking Barriers: Conventional vs PSLB Deposits – What Sets Them Apart? Uncover the structural differences between PSLB and conventional interest based deposits.
Risk Management in PSLB - Video 🎦
Guarding Against Loss: Risk Management in PSLB Agreements. Master strategies to mitigate risks in PLSB agreements effectively grounded upon the IFSB Standard on Risk Management governing Islamic banks (IFSB 1)
Shari'ah Beneficial Safeguards - Video 🎦
Learn the Shari'ah rules and principles that act as shari'ah beneficial safeguards, governing PSLB transactions to ensure shari'ah compliance.
Conclusion - Video 🎦
The PSLB journey brief recap of module 
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Module 7 – Profit and Loss Sharing Product (Musharakah)

Learning Takeways - Text 📖
Highlights the key learning outcomes of the module
Introduction - Video 🎦
Begin exploring with an engaging introduction to the driving principles of PLS (Profit & Loss Sharing) product in Islamic banking.
Characteristics - Video 🎦
Discover the unique attributes of PLS that make it an equitable financing model.
Structural & Sequential Anatomy - Video 🎦
Learn the core structural and sequential framework of PLS agreements to ensure Shari’ah compliance.
Practical Applications of PLS - Video 🎦
Innovative Applications: How PLS is innovatively applied to structure practical solutions to financing needs in Islamic Banking
Case Study Diminishing PLS - Video 🎦
Real-Life Scenarios: Case Study on Diminishing PLS. Analyze a practical case study to understand diminishing PLS in action.
Difference Between PLS & PSLB - Video 🎦
PLS vs PSLB: Understanding the Key Differences that drive their distinct applications.
Risk Management in PLS - Video 🎦
Risk Management in PLS Agreements. Understand how to mitigate some of the risks in PLSB agreements benchmarked on the IFSB Standard on Risk Management governing Islamic banks (IFSB 1)
Shari'ah Beneficial Safeguards - Video 🎦
Shari’ah-First Approach: Safeguards for PLS Transactions. Explore the safeguards that ensure Shari'ah compliance in PLS transactions.
Conclusion - Video 🎦
Conclusion: Brief summary to wrap module on PLS Journey.
Learning Check - Interactive ✎ ⋆⑅˚₊
This is your opportunity to reinforce key concepts with interactive learning check, to solidify your knowledge and ensure you’re ready to apply what you’ve learned with confidence.

Exam

PIB Certification Exam ✍🏻
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