RFP Module 2 study plan
RFP Module 2 · Give each week a clear focus.
8 weeks · About 6 hours per week
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
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
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
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
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
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
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
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