IF - Islamic Finance
IF-05 - Shariah Governance Framework for Islamic Capital Markets
From Product Approval to Continuing Compliance in Pakistan
Foundation
English
IFMP-Team
1h 50m
Duration
1
Section
11
Lessons
Yes
e-Certificate
About this course
This foundation course explains how Shariah governance supports credible Islamic capital-market activity in Pakistan. It follows the full lifecycle of a Shariah-compliant claim: design, approval, documentation, implementation, monitoring, audit, disclosure and rectification. It uses practical examples from companies, Sukuk, collective investment schemes, pension funds, Modarabas, REITs and brokerage services.
Important boundary: The course explains the framework at a foundation level. It is not a Shariah ruling, legal opinion, investment recommendation or substitute for the current law, the relevant offering document, or advice from a registered Shariah advisor and other qualified professionals.
Important boundary: The course explains the framework at a foundation level. It is not a Shariah ruling, legal opinion, investment recommendation or substitute for the current law, the relevant offering document, or advice from a registered Shariah advisor and other qualified professionals.
| Course element | Specification |
|---|---|
| Course code | IF-04 |
| Level | Foundation |
| Audience | Students, beginners, entrepreneurs, investors and professionals seeking an introduction to Shariah compliant capital raising |
| Mode | Free self-paced online learning on the IFMP portal |
| Maximum duration | 120 minutes |
| Assessment | Six module checks and a 12-question final quiz |
| Completion standard | At least 70 percent in the final quiz |
| Certificate | Digital certificate after successful completion |
| Prerequisite | No prior Islamic finance or capital market knowledge is required |
What you'll learn
- Explain the purpose of Shariah governance and why compliance is continuous rather than a one-time label.
- Recognise the main parts of Pakistan’s SECP-regulated Shariah governance framework and how it sits alongside sector-specific laws.
- Distinguish the responsibilities of the governing body, management, Shariah supervisory board or advisor, compliance officer, and internal and external audit.
- Trace a product or security from concept and Shariah review to launch, operation, monitoring and reporting.
- Identify essential systems, records, disclosures and controls for different Islamic capital-market activities.
- Apply a disciplined response to possible Shariah non-compliance and avoid common misconceptions.
Requirements
- IF-01 Fundamentals of Islamic Capital Markets is helpful
Curriculum
1 section · 11 lessons
Shariah Governance Framework for Islamic Capital Markets 11 lessons
- Module-1 : Purpose and Foundations of Shariah Governance 15 min
- Module-2 : Pakistan’s Regulatory Framework and Institutional Roles 20 min
- Module-3 : Governance Structure Responsibilities and Independence 20 min
- Module-4 : Product Approval Certification Screening and Documentation 20 min
- Module-5 : Ongoing Compliance Review Audit and Disclosure 20 min
- Module-6 : Non-Compliance Rectification and Investor Confidence 10 min
- Course Summary 1 min
- Decision Checklist 1 min
- Glossary 1 min
- Official Resources 1 min
- Course Disclaimer 1 min
Quizzes
IF-05 : Final Assessment
Exam · 12 questions · 10 min
Free
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- Lifetime access
- e-Certificate of completion
- Foundation level