IBA Centre for Excellence in Islamic Finance (IBA-CEIF) is offering a three month weekend refresher course for "Certified Islamic Professional Accountant" (CIPA) in collaboration with Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), Bahrain. The course will mainly cover the Auditing and Accounting section of the CIPA program as well concisely touch upon the BRE and SS/SG modules. The course will be conducted by experts from AAOIFI and the industry. The participants of the course will be eligible for discounts on the CIPA Exam conducted by AAOIFI..

The CIPA qualification aims at achieving the following objectives:

• To develop in-depth understanding and application abilities of the requirements of the AAOFI Financial Accounting Standards (FAS) in respect of presentation of financial statements and financial reporting of Islamic Financial Institutions (IFIs).
• To ensure that candidates understand the process and techniques of carrying out the audit in accordance with the principles of accountancy as well as with the International Standards on Auditing.
• To equip candidates with the understanding of the fundamentals of business and business management and the role of an accountant in relation to governance, tax, compliance and risk management in an organization;
• To provide understanding of the basic foundations for Shari'ah compliance underpinning in Islamic banking and finance, and to develop strong application abilities of the requirements of the AAOFI Shari'ah standards; and
• To equip candidates with comprehensive understanding of the requirements of Governance in an organization from Shari'ah perspective.

• Shariah Compliance / Review Officers
• Accountants and Auditors
• Shari'ah Auditors
• Islamic finance practitioners, bankers, and professionalss
• Undergraduate or graduate students aspiring for an accounting career in Islamic banks