Master 11 Islamic Financing Contracts
Through Realistic Bank Simulation
MIG Bank Simulation turns complex Islamic banking concepts into guided, interactive e-learning. Learn how Tawarruq, Murabahah, BBA, Musharakah Mutanaqisah and more actually work in practice – from application to akad.
Suitable for students, lecturers, trainees and anyone eager to truly understand Islamic finance.
What You Will Experience
- Step-by-step akad flows for real Islamic financing products.
- Digital forms, Product Disclosure Sheets (PDS) and documentation walkthrough.
- Mini assessments and quizzes aligned with each contract.
The 11 MIG Industry Contracts
Tap a card to reveal more about each contract.
Financing structure using Tawarruq for land purchase: application → commodity trading → settlement.
Breakdown of how Tawarruq is applied in credit cards, including profit, fees, billing cycles.
Step-by-step workflow for home financing using Tawarruq, incl. comparison with conventional structures.
Murabahah (cost-plus) structure for vehicle purchase with full documentation & pricing.
Transparent Murabahah sale for property, including disclosure of cost & profit.
Construction financing using two parallel Istisna’ contracts: customer–bank & bank–developer.
AIMAT structure for Shariah-compliant land acquisition financing.
Islamic leasing model (AITAB) with rental payments & ownership transfer at end of tenure.
Traditional fixed selling price structure for Islamic home financing (BBA).
Application of BBA to land acquisition including long-term payment simulation.
Partnership based structure where customer gradually buys bank’s share of the property.
About MIG Bank Simulation
MIG Bank Simulation is a one-stop Islamic banking e-learning hub. Every module combines theory, real industry documents, and interactive MIG-style simulation so learners don’t just memorise – they understand.
- Designed by Islamic finance academics and practitioners.
- Aligned with current Malaysian Islamic banking practices.
- Can be used as a full course, lab activity, or self-paced learning.
- Perfect companion to face-to-face classes and workshops.
Who Is This For?
MIG Bank Simulation fits into both academic and industry environments.
- University students in Islamic finance, Muamalat, Shariah, or accounting.
- Islamic bank trainees and staff who want to strengthen contract knowledge.
- Lecturers who need a ready-made digital lab for teaching financing contracts.
- Curious learners who want to compare Islamic and conventional structures.
Why Learn with MIG Bank?
- Each contract explained from purpose to full financing flow.
- Interactive simulation – not just slides and notes.
- Walkthrough of PDS, offer letters and key documents.
- Short quizzes and tasks to check understanding.
- Certificate of completion for every contract module.
Frequently Asked Questions
Ready to Bring Islamic Banking to Life?
Use Muamalat Interactive Game (MIG) Bank Simulation to make every contract clear, practical and engaging – for yourself, your students or your team.
🛟 MIG Support – Contact Amin
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