Fundamental of Shariah in Islamic Finance (FoSIF)

Fundamental of Shariah in Islamic Finance (FoSIF) emphasizes on the application of Shariah principles and contracts in Islamic Finance as well as the fundamental concepts and principles of Fiqh Muamalat. A 5-Day Modules is open for both local and international participants. The certificate enables participants who do not have degree in Islamic Banking or Islamic Finance (or its equivalent) to fulfil the pre-requisite requirement in embarking Master of Islamic Banking and Finance (MIBF) program at AAGBS or similar program offered by other Universities accredited by Malaysian Qualification Agency (MQA).

Ability and competency to:

  • Explain the fundamental knowledge in Shariah
  • Discuss theoretical and practical aspects of Shariah in Islamic finance
  • Appreciate Shariah requirements application in Islamic finance

M1: Islamic Theology (1-Day)

  • This course introduces and analyzes the basic terminology, concept and methodologies of Islamic Theologies. It also covers the pillar of Iman and the discussion on the different schools of thought in Islamic Theology and contemporary ideologies.

M2: Usul Fiqh (Islamic Jurisprudent) (1.5-Day)

  • This course introduces the various terms, concepts, principles and issues in Islamic Jurisprudence. It also covers the classification of sources of Islamic jurisprudence. Application of Islamic jurisprudence in the Islamic banking and finance industry is also highlighted.

M3: Introduction to Fiqh Muamalat (1.5-Day)

  • This course is basically provided for students to acquire knowledge about the concept of Fiqh Muamalat, Islamic law of property and Islamic contract. It analyses the scope of Fiqh Muamalat, property as well as the theory of contract in Islam.

M4: Qawaid Fiqhiyyah (Islamic Legal Maxims) (1-Day)

  • This course introduces various aspects of Qawaid Fiqhiyyah and its applications in modern Islamic banking and finance. It covers the introduction to Qawaid Fiqhiyyah, historical development, five major maxims and few branches of maxims (Qawaid Furu’iyyah).

M1: Islamic Theology (1-Day) 8 Hours

  • Week 2: Friday 0830 - 1230 (6 Feb 2020)
  • Week 2: Friday 1430 -1830 (6 Feb 2020)

M2: Usul Fiqh (Islamic Jurisprudent) (1.5-Day) 12 Hours

  • Week 3: Friday 0830 - 1230 (13 Feb 2020)
  • Week 3: Friday 1430 - 1830 (13 Feb 2020)
  • Week 4: Friday 0830 - 1230 (17 Apr 2020)

M3: Introduction to Fiqh Muamalat (1.5-Day) 12 Hours

  • Week 4: Friday 1430 - 1830 (17 Apr 2020)
  • Week 5: Friday 0830 - 1230 (24 Apr 2020)
  • Week 5: Friday 1430 -1830 (24 Apr 2020)

M4: Qawaid Fiqhiyyah (Islamic Legal Maxims) (1-Day) 8 Hours

  • Week 6: Friday 0830 - 1230 (1 May 2020)
  • Week 6: Friday 1430 - 1830 (1 May 2020)
Applicant must have a minimum requirement of Sijil Pelajaran Malaysia (SPM) or its equivalent.

Method of Examination:

  • Sixty (60) Multiple Choice Questions
  • One and a half (1.5) hours examination
  • Passing mark: 65%