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CERTIFICATE OF EXCELLENCE IN AAOIFI SHARI'AH STANDARDS (CESS)

Duration: 4 month

Al-Sadiq (A.S) Institute of Islamic Banking, Finance and Takaful (ASIIBFT) in collaboration with International Center for Research in Islamic Economic (ICRIE) has devised a comprehensive program for Banking Professionals to understand concepts of Shari’ah Standards while preparing themselves for Shari’ah Advisor and Auditor Certification - (CSAA) of AAOIFI.
This course is conducted by renowned Shari’ah Scholars and Islamic Banking Practitioners.

Course Highlights

• TOTAL 48 AAOIFI SHARIAH STANDARDS.

Avail upto 75% Discount on AAOIFI Certified Shari’a Adviser and Auditor (CSAA) by Exam.

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CERTIFICATE IN SHARIA'H COMPLIANT TRADE AND FINANCING

Duration: 4 month

The gap between the demand for trade resources in the area of Sharia’h Compliant Trade/Financing and available skilled human resource in the market urged the institute to formulate a comprehensive training program with the coordinated efforts of Top-Class Faculty/ Academicians to fulfil market resources as well as educational needs thereby ensuring quality and affordability.

Course Highlights

• Introduction to banking, Trade and Sharia’h Compliant Financing alternates.
• Foreign Trade inherent Risks, mitigations and safeguards.
• Foreign Exchange Market & Exchange Control in Pakistan.
• Trade Finance under International Chamber of Commerce Publications.
• Trade Finance under Islamic Modes of Financing.
• Trade-based Money Laundering in today’s world and modern safeguards.
• Marketing& Finance of Foreign Trade Products.

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CERTIFICATE IN ISLAMIC ACCOUNTING AND AUDITING

Duration: 4 month

Al-Sadiq (a.s) Institute of Islamic Banking, Finance and Takaful in collaboration with International Center for Research in Islamic Economic (ICRIE) is offering a four months certificate course for preparation of CIPA Exam.
The course is based on the AAOIFI CIPA syllabus and is designed to provide an in-depth knowledge of Auditing and Financial Reporting to Islamic Finance Professionals.
The course will mainly cover the Auditing and Accounting section of the CIPA program along-with Business Regulatory Environment while the same will be facilitated by Industry experts with hands on experience in Islamic Financial Accounting.
The participants of the course will be eligible for discounts on the CIPA Exam conducted by AAOIFI.

COURSE OUTLINE AND REQUIREMENTS OF AAOIFI:

CIPA is comprised of 4 module exams and 1-year practical experience requirement described as follows:

• Module 1: Financial Accounting and Reporting (FAR).
• Module 2: Audit, Assurance, and Ethics (AAE).
• Module 3: Business and Regulatory Environment (BRE).
• Module 4: Shari’ah Standards and Shari’ah Governance (SSSG)



PER Duration 1 year.

• Place of PER Any pre-approved Islamic Financial Institution (IFI).
• Supervision Any pre-approved Islamic finance professional.
• Deliverable Submission of periodic and final reports to AAOIFI.
• Requirement Work done should be accountancy related for IFIs.
• Exemption Offered on case-to-case basis. As an alternative, candidates will be required to submit 2 research papers on a pre-approved specialized topic of Islamic finance accountancy of between 7000 – 5000 words in length.

Course Facilitators:

• Mr. Muhammad Islam Ahmed (MBA Banking & Finance, CSAA - IBA)
• Mr. Tariq Mehraj (FCA, B.Com)
• Mr. Syed Taha Ali (MS Islamic Finance IBA, CIPA, CSAA, MIBF, ACCA)

Program Supervisor:

Molana Syed Mazhar Abbas Zaidi (M.Phil., M.Com, M.A, CSAA, CIPA (Part Qualified)

Avail up to 70% discount on CIPA Exam conducted by AAOIFI