CMFD
Islamic Capital Markets
Learn how to invest in Pakistan's capital markets in a Shariah-compliant way. Understand Islamic equities, Sukuk, Islamic mutual funds, VPS, purification, and Zakat.
Beginner
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Enrolled
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Section
11
Lessons
About this course
Islamic Capital Markets is an introductory micro-course designed to help Muslim investors understand Shariah-compliant investment opportunities in Pakistan.
You will learn the core concepts of riba, gharar, and maysir, how Shariah-compliant equities are screened, and why equity ownership can be structured on permissible partnership principles. The course also covers Sukuk, Islamic mutual funds, Islamic VPS, purification, and Zakat on investments.
Through practical activities, quizzes, and a final Shariah-compliant portfolio capstone, you will learn how to evaluate investment opportunities while understanding both the financial and Shariah principles behind them.
What you'll learn
- Understand the core Islamic finance concepts of riba, gharar, and maysir.
- Explain the principles behind Shariah-compliant equity investing.
- Understand Musharakah and its relevance to equity ownership.
- Explain how Shariah screening of listed companies works.
- Understand the concept of purification and its application.
- Differentiate between conventional bonds and Sukuk.
- Understand how Islamic mutual funds are governed.
- Explain the basics of Islamic Voluntary Pension System (VPS).
- Understand key considerations relating to Zakat on capital market investments.
- Build a diversified Shariah-compliant investment portfolio.
Requirements
- No prior knowledge of Islamic finance or capital markets is required.
- Basic understanding of investing and simple financial concepts is helpful.
- Internet access and access to the IFMP eLearning platform.
- Learners seeking religious guidance for their personal circumstances should consult their trusted qualified Shariah scholar.
- No real-money investment is required to complete the course.
Curriculum
1 section · 11 lessons
Islamic Capital Markets 11 lessons
- Lesson 1: Is your money working for you in a way that pleases Allah?
- Lesson 2: Riba, gharar and maysir — plain-language definitions
- Lesson 3: Musharakah — why equity ownership is permissible
- Lesson 4: SECP's Shariah-screening process — how it works
- Lesson 5: Purification of impermissible income
- Lesson 6: Sukuk — generating returns without interest
- Lesson 7: Islamic mutual funds and the Shariah Supervisory Board
- Lesson 8: Islamic Voluntary Pension System
- Lesson 9: Zakat on investments — calculation and liability
- Lesson 10: Build a Shariah-compliant portfolio — capstone
- DOWNLOADABLE RESOURCE — Halal Investing Quick-Start Guide
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