RFP Module 2 study materials
RFP Module 2 study resources

RFP Module 2 study plan

RFP Module 2 · Give each week a clear focus.

8 weeks · About 6 hours per week

Week 1

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Map the full Module 7 capstone syllabus into a one-page topic inventory, tagging each item as conceptual, quantitative, or case-based

  • Define the Shariah governance vocabulary list (SSB, Shariah compliance officer, fatwa, AAOIFI, IFSB) and write a one-line definition for each from memory

  • Draft a personal list of five weak areas by self-testing against the syllabus inventory without notes

  • Set up a single revision notebook with sections for rulings, calculations, and case summaries

Your checkpoint

A one-page syllabus map plus a 30-term Shariah governance glossary written from memory and corrected against source notes

Week 2

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Explain the prohibition framework (riba, gharar, maysir) and give one concrete transaction example of each

  • Distinguish the major contract types (murabaha, mudaraba, musharaka, ijarah, salam, istisna) by risk allocation and cash-flow timing

  • Build a comparison table of the six contract types across four attributes

  • Rehearse a two-minute verbal explanation of why profit-and-loss sharing differs from a fixed markup

Your checkpoint

A six-contract comparison table with at least four attributes per contract, plus a recorded two-minute verbal explanation

Week 3

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Trace the end-to-end Shariah review workflow for a new product from concept note to SSB approval

  • Identify the documentation set required at each stage and note who signs off

  • Draft a mock product proposal for a murabaha working-capital facility and route it through your own workflow

  • List the most common Shariah non-compliance events and the remediation steps for each

Your checkpoint

A process flowchart of the Shariah review workflow with named approvers, plus a one-page mock product proposal

Week 4

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Analyse two full capstone-style case studies and extract the decision points

  • Apply the contract comparison table to each case and justify the chosen structure

  • Write structured answers under timed conditions (45 minutes per case)

  • Self-mark against a rubric you write covering structure, Shariah reasoning, and commercial awareness

Your checkpoint

Two timed case answers with a self-written rubric and a scored self-assessment

Week 5

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Summarise the role and composition requirements of the Shariah Supervisory Board, including independence and confidentiality

  • Compare AAOIFI and IFSB standards at a headline level and state where each is typically applied

  • Explain Shariah audit and review functions and how they differ from internal audit

  • Draft a one-page governance memo for a hypothetical Islamic window at a conventional bank

Your checkpoint

A one-page governance memo covering SSB structure, standards alignment, and audit lines of defence

Week 6

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Work through profit distribution mechanics for mudaraba and musharaka, including profit-sharing ratios and loss treatment

  • Complete at least ten calculation drills on profit allocation and verify each against worked examples

  • Explain purification of impermissible income and zakat treatment of Islamic bank assets

  • Build a one-page formula sheet you can reproduce from memory

Your checkpoint

A formula sheet plus ten completed calculation drills with correct working shown

Week 7

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Synthesise all prior weeks into a single integrated capstone outline covering governance, contracts, and calculations

  • Draft a full practice capstone submission under exam timing

  • Identify the three weakest areas from your self-marking and write targeted corrective notes

  • Rehearse explaining your capstone structure aloud in under five minutes

Your checkpoint

One complete timed practice capstone submission with a marked-up improvement list

Week 8

Module 7 (final module of the RFP / Shariah RFP Capstone Programme)

  • Redo every previously incorrect drill and case until each is answered correctly without notes

  • Condense the glossary, contract table, and formula sheet into a two-page final revision sheet

  • Complete two final timed mock papers and compare scores to week 7

  • Confirm logistics: timing, permitted materials, and submission format for the capstone

Your checkpoint

A two-page final revision sheet plus two scored mock papers showing improvement over week 7

Milestones

Week 2: Can define all six contract types and their risk allocation from memory without notes

Week 4: Two timed case answers completed and self-scored at or above 60% on your own rubric

Week 6: Ten calculation drills completed with at least eight fully correct

Week 8: Final mock score exceeds week 7 practice score, with all previously missed items now correct