NIBAF Islamic Banking Certificate case studies
NIBAF Islamic Banking Certificate · Put your knowledge to work in context.
The NIBAF Islamic Banking Certificate is a professional credential for people who need a working command of Shariah-compliant banking rather than a purely academic grounding in Islamic finance. Candidates typically include bank branch and operations staff moving into Islamic windows or full-fledged Islamic banks, compliance and audit officers, relationship managers, and graduates of finance or business programmes preparing for a first role in the sector. The NIBAF Islamic Banking Certificate case studies are 5 cases and about 3,513 words.
1Murabaha Signed Before Ownership: Damage, Penalty and the SSB Review
An Islamic bank operating in a dual-banking market approves murabaha financing of PKR 12,400,000 for a textile SME to acquire a stitching line. On 2 March the relationship manager and the customer sign the murabaha sale agreement fixing the price at cost plus 9% profit, payable in 18 equal monthly instalments.
709 words, about 4 min2Treasury Pressure: A Conventional Bond, a Profit Top-Up and a Guaranteed Return Request
An Islamic bank holds USD 180 million of deposits, of which 55% are demand (current) accounts and 45% are unrestricted mudarabah savings accounts. Sixty percent of its liquid assets sit in three-month commodity murabaha placements with two other Islamic banks; the remainder is cash.
693 words, about 3 min3Mis-Sold Mudarabah: A Widow, a Loss and a Confidentiality Note
At a branch of an Islamic bank, a sales officer sells a 62-year-old widow a 'Shariah-certified wealth plan', telling her it offers 'at least 12% a year, guaranteed by the bank' and is risk-free because it is Islamic. The product is in fact an unrestricted mudarabah investment account.
683 words, about 3 min4Shariah Board Independence, Deferred Profit and Misused Investment Account Funds
An Islamic bank's Shariah Supervisory Board has three members. One member also chairs a takaful company that cedes 70% of its risk to a conventional reinsurer and holds shares in a construction firm to which the bank has extended an istisna facility of USD 8 million.
674 words, about 3 min5Salam Shortfall: Crop Failure, a Parallel Salam and a Prohibited Delivery Guarantee
A bank has financed a wheat farmer with a salam contract: it paid PKR 8 million in full on 1 November for 200 tonnes of wheat to be delivered on 1 April at PKR 40,000 per tonne. It also signed a parallel salam to sell the same 200 tonnes to a flour miller at PKR 44,000 per tonne for delivery on 15 April.
754 words, about 4 min