Certificate of Proficiency in Shari’ah Standards (CPSS)

CPSS is an advanced-level certificate program designed for Islamic finance professionals who wish to develop correct understanding, interpretation, and implementation skills in the requirements of the AAOIFI Shari’ah standards.

The certificate places greater emphasis on the development of technical / practical knowledge and skills in the application of the standards at Islamic financial institutions (IFIs) and for Islamic finance transactions.

Through the CPSS program, candidates will gain advanced knowledge in:

  1. the Shari’ah requirements for different contracts, products, and services used in Islamic finance;
  2. roles and functions of various Shari’ah compliance and review processes in financial institutions;
  3. collaboration between a financial institution’s Shari’ah Supervisory Board (SSB) and its internal Shari’ah compliance and review processes;
  4. mechanism to ensure Shari’ah compliance in accordance to resolutions and fatwas (Scholars’ rulings) issued by SSB;
  5. technical review of banking and financial operations to determine Shari’ah compliance; and
  6. establishing the foundations to gain stakeholders’ trust and confidence in a financial institution’s adherence to Shari’ah.

“CPSS” stands for Certified Shari’ah Advisor and Auditor and it’s one of the two fellowship programs offered by the AAOIFI. It was launched in 2006 and currently undergoing a revamping exercise.

CPSS is a professional fellowship in Shari’ah Advisory and Shari’ah Auditing. It is designed to equip candidates with the requisite technical understanding and professional skills on Shari’ah compliance and review processes for international Islamic banks and financial institutions.

The fellowship emphasizes practical knowledge and real-world applications (and exercises) to deliver an enhanced and optimized learning experience.

CPSS Poster

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