Duration
4 weeksWeekly study
1 hour100% online
How it works
Understanding Preferred Shares in Islamic Finance
Gain essential financial skills to navigate Shariah-compliant practices
In the context of Islamic finance, the concept of preferred shares (PS) can be complex. Often, these conflict with Shariah principles, but with the right understanding, they can be structured to comply with Shariah law.
This comprehensive course from INCEIF University, a leading body in Islamic finance education, breaks down this concept to help you better navigate the complexities of PS.
In just three weeks, you’ll gain a strong financial foundation that complies with Shariah principles by examining the key characteristics of PS, their role in Islamic finance, and the perspectives of the Shariah Advisory Council (SAC) on their compatibility with Islamic law.
Grasp the fundamentals of preferred shares
Start this course by learning how PS differ from common stock and why they are a key topic in Islamic finance.
You’ll get an introduction to their basic features, advantages, and relevance, helping you understand their role in both conventional and Islamic contexts.
Unpack key characteristics and types of preferred shares
You’ll then explore the unique attributes that set preferred shares apart, uncovering their diverse types and how their features align with different investment goals.
With this understanding, you’ll be able to identify the challenges preferred shares pose to Shariah compliance, including issues like riba and gharar.
Examine Shariah considerations and the SAC’s perspective
Finally, you’ll wrap up this course with a discussion on Shariah Advisory Council (SAC). You’ll learn how the SAC addresses concerns surrounding preferred shares and their rulings on structuring them in a way that aligns with Islamic principles.
Syllabus
Week 1
Fundamentals of Preference Shares
Welcome to the Course
Hi everyone! Welcome to the course on Understanding the Shariah Compliance of Preference Shares. Let's get started!
Introduction
Preference shares is one of the topics that is often discussed in Islamic finance. Understand its fundamental better in the following steps.
Week 2
Key Characteristics & Types of Preferred Shares
Key Characteristics of Preferred Shares
Discover the unique features that set preferred shares apart from common stock
Types of Preferred Shares
Uncover the diverse world of preferred shares and their unique attributes
Week 3
Shariah Considerations and Concerns Regarding Preferred Shares
Issues in Preferred Shares from Shariah Perspective
Explore the issues surrounding preferred shares from the Shariah perspective
Week 4
Shariah Advisory Council (SAC) View & Conclusion
Shariah Advisory Council (SAC) of the Securities Commission (SC)’s View on PS
This step outlines the SAC's deliberations with regards to the appropriate Shariah principle to be applied in Shariah-compliant PS
Conclusion and Next Step
A summary of what has been discussed throughout the week as well as an assessment step to measure your grasp on the subject
When would you like to start?
Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.
Available now
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Identify the features of Preferred shares (PS)
- Assess the concerns raised by prominent Islamic finance bodies, such as the International IIFA-OIC and AAOIFI, regarding the compatibility of PS with Shariah principles
- Describe the position of the Shariah Advisory Council (SAC) of the Securities Commission Malaysia on Preferred Shares
Who is the course for?
This course is ideal for finance professionals, Shariah compliance officers, accountants, and legal experts looking to deepen their understanding of Islamic finance.
It’s also valuable for anyone interested in exploring the intersection of Islamic finance, banking, and Shariah law, particularly in relation to preferred shares (PS).
Who will you learn with?
Prof. Dr. Aishath Muneeza currently serving as a Professor and Associate Dean for Students and Internationalization at INCEIF University in Malaysia.
CV: https://sedonaweb.com/members/aishathmuneeza/
Ways to learn | Buy this course | Subscribe & save | Limited access |
---|---|---|---|
Choose the best way to learn for you! | $109/one-off payment | $244.99 for a whole year Automatically renews | Free |
Fulfill your current learning need | Develop skills to further your career | Sample the course materials | |
Access to this course | tick | tick | Access expires 14 Mar 2025 |
Access to 1,000+ courses | cross | tick | cross |
Learn at your own pace | tick | tick | cross |
Discuss your learning in comments | tick | tick | tick |
Tests to check your learning | tick | tick | cross |
Certificate when you're eligible | Printed and digital | Digital only | cross |
Cancel for free anytime |
Ways to learn
Choose the best way to learn for you!
Subscribe & save
$244.99 for a whole year
Automatically renews
Develop skills to further your career
- Access to this course
- Access to 1,000+ courses
- Learn at your own pace
- Discuss your learning in comments
- Tests to boost your learning
- Digital certificate when you're eligible
Cancel for free anytime
Buy this course
$109/one-off payment
Fulfill your current learning need
- Access to this course
- Learn at your own pace
- Discuss your learning in comments
- Tests to boost your learning
- Printed and digital certificate when you’re eligible
Limited access
Free
Sample the course materials
- Access expires 14 Mar 2025
Find out more about certificates, Unlimited or buying a course (Upgrades) Sale price available until 3 March 2025 at 23:59 (UTC). T&Cs apply. |
Find out more about certificates, Unlimited or buying a course (Upgrades)
Sale price available until 3 March 2025 at 23:59 (UTC). T&Cs apply.
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