Shariah RFP Module 2 study plan

Define each core prohibition (riba, gharar, maysir, haram subject matter) in your own words and give one planning scenario illustrating each

Distinguish between the contract types most used in planning (murabaha, ijarah, musharakah, mudarabah, wakalah, kafalah) by writing a one-line purpose and risk allocation for each

Map the Maqasid al-Shariah (religion, life, intellect, lineage, wealth) onto at least three client goals to show how planning serves them

Explain how the Shariah supervisory board and fatwa process shape product eligibility, and list the questions you would ask about a product's approval status

Construct a fact-find template that captures religious preferences, existing conventional exposures, and purification obligations alongside standard financial data

Screen a sample list of 15 holdings against business-activity and financial-ratio screens, and record pass, fail, or mixed with reasoning

Calculate dividend purification on a worked example using a stated non-compliant income ratio and defend the method chosen

Compare two Shariah-compliant equity funds on mandate, screening methodology, purification policy, and fees

Build an asset allocation for two risk profiles (conservative and growth-oriented) using only permissible instruments, and justify each weight

Explain how sukuk differ from conventional bonds in structure, return source, and rate sensitivity, using at least two sukuk types

Evaluate a Shariah-compliant alternative to a conventional savings or money-market position, noting liquidity and return trade-offs

Identify three investment structures that are commonly assumed permissible but carry hidden gharar or riba elements, and state the corrective action

Compare takaful with conventional insurance on contract basis, surplus treatment, and risk sharing, and explain the tabarru and wakalah fee mechanics

Distinguish family takaful from general takaful and match each to three client needs

Assess a client's mortality, morbidity, disability, and liability exposures and rank them by severity and likelihood

Draft a takaful recommendation covering sum covered, contribution level, and beneficiary nomination, with justification

Compute zakat on a mixed asset base (cash, gold, equities, receivables, business assets) net of liabilities, applying the nisab and the lunar-year condition

Determine the zakat treatment of retirement accounts, sukuk, and property held for resale versus residence, and state the reasoning

Explain the difference between zakat and tax and identify where double counting or relief may arise in a client's position

Draft a zakat calendar and payment plan aligned to the client's zakat anniversary date

Compare the Islamic inheritance rules for fixed shares (fard) and residual shares (asabah) and apply them to a simple estate with a spouse, children, and parents

Explain wasiyyah limits and how a bequest interacts with the compulsory distribution, using a worked example

Describe how a wakf or trust structure can deliver ongoing charity while respecting heirs' rights

Identify three estate-planning failures common in Muslim families and the document or nomination that prevents each

Project a retirement funding gap using current savings, expected contribution growth, and an inflation assumption, then test the gap under two return scenarios

Select Shariah-compliant retirement vehicles and explain how each fits accumulation, preservation, or drawdown phases

Integrate zakat, takaful, and estate steps into a single sequenced plan for a case client approaching retirement

Draft a monitoring schedule with review triggers for life events, market shifts, and screening changes

Synthesize all domains into one end-to-end client plan from fact-find through recommendation and monitoring

Answer 60 mixed practice questions under timed conditions and log every error by domain and cause

Re-derive the five computations most likely to be tested (zakat, purification, estate shares, gap analysis, takaful contribution) from memory

Close remaining weak areas by rewriting your own notes for the two lowest-scoring domains