CERTIFIED ISLAMIC PROFESSIONAL ACCOUNTANT



CERTIFIED ISLAMIC PROFESSIONAL ACCOUNTANT

(C.I.P.A.)

CERTIFICATION OFFERED BY

ACCOUNTING AND AUDITING ORGANISATION FOR

ISLAMIC INSTITUTIONS

The Certified Islamic Professional Accountant (CIPA) program is tailor-designed to equip professional accountants involved or intending to be involved in the Islamic financial services industry with an esteemed professional qualification. This is a highly relevant qualification with a blend of theoretical concepts and practical applications to introduce the Islamic finance body of knowledge to the pool of professional accountants involved in the financial services industry.

Program Concept & Structure:

Earn your CIPA while you work

▪ The CIPA qualification can be completed by sitting for one examination paper

▪ This one-sitting examination paper is divided into the following four sub-modules:

• Islamic financial system

• Financial reporting for Islamic financial transactions

• Islamic law and Shari’a standards for financial transactions

• Auditing, Governance and Ethics for Islamic Financial institutions

▪ The examination paper is set by an independent Board of Examiners who will also assess and confirm the grading before graduation

▪ Candidates can opt to attend classes or self-study

▪ Candidates who pass the examination will automatically qualify as fellowship member of CIPA

▪ The first graduation is expected in June 2006

Why CIPA?

Quantum leap into the Islamic Finance Industry

▪ Certification from AAOIFI and fellowship of CIPA ensures global recognition and credibility of qualification

▪ Training course is conducted by distinguished scholars and experts in their respective fields of Islamic finance

▪ Flexible options to pick from in completing the course, ensuring no major disruption to daily work-load

▪ The one-paper-sitting examination is designed to ensure a quick completion of the course, while ensuring quality of content and discourse

▪ Course content is a blend of theoretical concepts, practical application and contemporary issues and debates to keep candidates abreast with latest industry developments

Classes will be held in Manama, Kuala Lumpur and other leading cities of the world.

Benefits of CIPA Fellowship

Become a Fellowship Member of CPA and gain the cutting edge in the Islamic finance industry:

The immeasurable intrinsic value of fellowship is in the recognition that the CIPA fellowship is a mark of excellence and distinction. It is an acknowledgement of the accomplishments you have made in the industry. The network of contacts to be made through this fellowship program will be valuable throughout your educational and professional careers.

Here are the pertinent highlights and tangible benefits of the CIPA Fellowship:

▪ By passing the CIPA examination each candidate will automatically become a fellowship member of CIPA

▪ Each fellowship member will be awarded a certificate of fellowship

▪ The fellowship is renewable each year for a fee of US$100

▪ Fellowship members are entitled to special privileges on all AAOIFI sanctioned programs and activities such as special invitation to AAOIFI seminars and conferences (at discounted rates or for free), be enlisted in AAOIFI’s distribution list for newsletters or bulletins, access to AAOIFI’s research and development activities, library of materials and other benefits

▪ CIPA is a springboard for professional growth. Opportunities are made available to the members for promoting their research, thought leadership and meeting and interacting with leaders in the field of Islamic finance and meeting CIPA members of other countries (chapters) who also will be future leaders.

For further and detailed information about the admission process, please go to the following websites to download the application form and other necessary information.

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OR Contact:

▪ Mr Syed Alwi Mohamed Sultan at syedalwi@.bh at +973 1724 4496 (Bahrain)

▪ Mr Khairul Nizam at knizam@.bh at +973 1724 4496 (Bahrain)

▪ Ms Faridah at faridah@.my at +603 2034 2545 (Kuala Lumpur)

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