Certified Training Program on AAOIFI Shari'ah Standards
Shariah Compliant Real Estate Financing in the USA
Welcome to our training program on Shariah Compliant Real Estate Financing in the USA. This training is designed to provide Imams with a comprehensive understanding of Shari’ah compliant models of Real Estate (RE) financing that currently exist in the US market.
During this training, Imams will be introduced to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shari’ah Standards (SSs), which serve as the basis for understanding Shari’ah compliant models of Real Estate financing. The SSs cover a range of financing models, including cost-plus deferred sale, lease-to-own, construction financing, declining balance program, and Shari’ah (Musharakah) and Modern Corporations.
Imams will learn how to apply the Shari’ah Standards to different Real Estate financing models, including Murabahah, Ijarah, Istisna, Parallel Istisna’a, Diminishing Musharkah, and Sharikah (Musharakah) and Modern Corporations.
By the end of the training, Imams will have a clear understanding of the key principles and practices of Shari’ah-compliant Real Estate financing offered in the USA, and the AAOIFI standards which apply to them.