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Certified Islamic Professional Accountant (CIPA)
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Program Description
Certified Islamic Professional Accountant (CIPA) is professional program certified by AAOIFI designed to equip candidates with the requisite technical understanding and professional skills on accountancy for international Islamic banks and financial institutions.
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Curriculum
CIPA program consists of the 4 modules:
- Financial Accounting and Reporting (FAR)
- Audit, Assurance, and Ethics (AAE)
- Business and Regulatory Environment (BRE)
- Shari'ah Standards & Shari'ah Governance
Candidates must also fulfill the Practical Experience Requirement (PER):
Duration 1 year Place of PER any pre-approved Islamic Financial Institution (IFI) Reporting any pre-approved Supervisor Deliverable Periodic and Final Report Grading Pass or Fail PER Activities &Tasks Accountancy for IFI & other negotiated tasks -
Fees Structure
The original fee for CIPA program is from USD 2200 to USD 2600 depending on the payment option chosen by the student. Register with IBA-CEIF to get an exclusive discount of up to 35% on CIPA fees. This discount is not available to you if you register directly with AAOIFI.
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Registration
Eligibility Criteria: Anyone can register. However, CIPA Fellowship will be awarded to only those who have, at minimum, an undergraduate degree or a professional qualification (exemption from criteria is available and strictly decided on case-to-case basis).
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Examination Dates
Exam First exam Second exam Duration FAR Monday, 24 Jun 2019 Monday, 2 Dec 2019 3 hours AAE & BRE Tuesday, 25 June 2019 Tuesday, 3 Dec 2019 1.5 hour for each exam SS&SG Wednesday, 26 Jun 2019 Wednesday, 4 Dec 2019 2 hours - Exemption