Shariah RFP M1 study materials
Shariah RFP M1 study resources

Shariah RFP M1 study plan

Shariah RFP M1 · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Map the full Module 7 capstone syllabus into a one-page concept tree covering Shariah financial planning, Maqasid al-Shariah, and the RFP planning process

  • Define and contrast the core prohibitions (riba, gharar, maysir) with worked examples relevant to client planning scenarios

  • Distinguish the main Islamic contract types (murabaha, mudarabah, musharakah, ijarah, salam, istisna, takaful, sukuk) by purpose, risk allocation, and typical planning use

  • Build a personal glossary of at least 40 Shariah finance terms with one-line definitions

Your checkpoint

A 40-term annotated glossary plus a one-page concept tree of Module 7

Week 2

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Explain the sources of Shariah (Quran, Sunnah, ijma, qiyas) and how scholars derive rulings used in financial planning

  • Describe the roles of the Shariah Supervisory Board and Shariah audit in product approval and ongoing compliance

  • Differentiate the main schools of jurisprudence (madhhabs) where they affect planning recommendations

  • Identify the regulatory and governance frameworks for Islamic finance in at least three major markets

Your checkpoint

A two-page summary comparing Shariah governance structures and madhhab differences that affect advice

Week 3

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Assemble the data-gathering checklist for a Shariah-compliant financial plan (assets, liabilities, income sources, zakat position, family obligations)

  • Apply purification and screening criteria to classify a sample client portfolio as compliant, non-compliant, or mixed

  • Calculate zakat on cash, gold, business assets, and investments using nisab thresholds and the lunar-year basis

  • Draft the fact-find questions that surface a client's Shariah sensitivities and preferences

Your checkpoint

A completed fact-find and zakat calculation for one realistic sample client

Week 4

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Construct a full Shariah-compliant financial plan for a sample client covering cash flow, protection, investment, and retirement

  • Select and justify takaful solutions against conventional insurance alternatives

  • Integrate zakat and purification obligations into the plan's cash-flow projections

  • Stress-test the plan against changes in income, nisab, and market conditions

Your checkpoint

A complete written financial plan (8-10 pages) for one sample client with justified recommendations

Week 5

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Evaluate sukuk structures (ijarah, murabaha, musharakah) for suitability in a client portfolio

  • Compare Islamic investment funds, screening methodologies, and purification approaches across providers

  • Build an asset allocation that respects Shariah constraints while meeting the client's risk profile and time horizon

  • Explain how Shariah-compliant estate planning tools (wasiyyah, waqf, hibah) interact with local inheritance rules

Your checkpoint

An investment policy statement and estate-planning memo for the sample client

Week 6

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Draft the disclosure and suitability sections of a Shariah-compliant advice document

  • Identify conflicts of interest, remuneration structures, and ethical duties in Islamic financial advice

  • Write the client communication that explains riba avoidance, purification, and zakat in plain language

  • Review the plan for Shariah compliance gaps and document remediation steps

Your checkpoint

A compliance and ethics review checklist applied to the week 4 plan, with a written remediation log

Week 7

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Rehearse a full client presentation of the plan within a 20-minute time limit

  • Answer at least 15 challenging client objections on Shariah compliance, cost, and returns

  • Refine the plan's structure and language for clarity and professional tone

  • Complete a timed mock exam of at least 60 mixed questions and review every error

Your checkpoint

A recorded 20-minute client presentation plus a scored mock exam with error analysis

Week 8

Shariah RFP Capstone Programme (Module 7) - Shariah financial planning

  • Consolidate weak areas identified in the mock exam into a one-page revision sheet

  • Re-run a second timed mock exam and compare scores against week 7

  • Finalise the capstone plan with all revisions and present it as a submission-ready document

  • Write a personal post-exam development plan for ongoing Shariah finance learning

Your checkpoint

A submission-ready capstone plan and a revision sheet with a second mock exam score

Milestones

Week 2: Can define riba, gharar, and maysir and explain the main contract types without notes

Week 4: Complete financial plan drafted and self-scored against a written rubric; zakat calculation verified

Week 6: Compliance and ethics review completed with all identified gaps logged and remediated

Week 8: Second mock exam score improved over the first and capstone plan is submission-ready