IFMP Islamic Finance Certification (IFC), Pakistan case studies
IFMP Islamic Finance Certification (IFC), Pakistan · Put your knowledge to work in context.
The Islamic Finance Certification (IFC) is a specialized certification listed by the Institute of Financial Markets of Pakistan (IFMP) under its Specialized Certifications grouping, alongside programmes such as AML/CFT, Compliance Officer, Fixed Income Securities, Risk Management and Investment Banking and Analysis. IFMP describes itself as Pakistan's first securities market institute, established as a permanent platform to develop quality human capital for financial markets and to create standards among market professionals, and it states that it conducts licensing examinations leading to certifications for different segments of financial markets. The IFMP Islamic Finance Certification (IFC), Pakistan case studies are 5 cases and about 3,955 words.
1Commodity Murabaha for a Cash-Short Exporter
A Karachi-based textile exporter with Rs 900 million annual turnover asks its Islamic bank for Rs 180 million of working capital. The credit memo records that the funds will pay salaries, settle an overdue Chinese supplier and cover a temporary cash gap.
818 words, about 4 min2Diminishing Musharakah: Early Settlement and a Contractual Waiver
A customer took a Diminishing Musharakah home finance of Rs 15,000,000 in 2021. She contributed Rs 4,500,000 (30%) and the bank Rs 10,500,000 (70%).
826 words, about 4 min3Islamic Window: Commingled Income and Cost Allocation
A mid-sized bank with 250 conventional branches operates 12 Islamic banking windows within the same legal entity. The Islamic window has Rs 22 billion of deposits, equal to 6.2% of total deposits.
777 words, about 4 min4Takaful Deficit, Qard Hasan and Surplus Distribution
A family Takaful operator in Lahore uses a Wakalah model. It charges a 35% upfront Wakalah fee on each contribution and a 10% incentive fee on investment profit, both disclosed in the brochure.
736 words, about 4 min5Musharakah Sukuk: Asset Pool, Guarantee and Tradability
A power company plans a Rs 10 billion Musharakah Sukuk to part-finance a 200 MW plant. The SPV would contribute three assets: land valued at Rs 4 billion; a receivable of Rs 3 billion due from a state-owned power purchaser; and construction work in progress of Rs 3 billion.
798 words, about 4 min