Shariah RFP M1 study plan
Shariah RFP M1 · Give each week a clear focus.
8 weeks · About 7 hours per week
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
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
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
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
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
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
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
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