{"id":688,"date":"2023-05-21T13:17:29","date_gmt":"2023-05-21T13:17:29","guid":{"rendered":"https:\/\/csbib.org\/new\/?page_id=688"},"modified":"2023-07-25T05:30:12","modified_gmt":"2023-07-25T05:30:12","slug":"certified-islamic-professional-accountant-cipa","status":"publish","type":"page","link":"https:\/\/csbib.org\/new\/certified-islamic-professional-accountant-cipa\/","title":{"rendered":"Certified Islamic Professional Accountant (CIPA)"},"content":{"rendered":"<section class=\"l-section wpb_row us_custom_c01f2646 height_auto width_full\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container us_custom_9f51d038\"><div class=\"vc_column-inner\"><div class=\"w-text us_custom_bafa5c19 has_text_color\"><span class=\"w-text-h\"><span class=\"w-text-value\">Certified Islamic Professional Accountant (CIPA)<\/span><\/span><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_medium width_custom\" style=\"--site-content-width:1020px;\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column us_custom_1e0e9307\"><div class=\"wpb_wrapper\"><p>\u201cCIPA\u201d stands for Certified Islamic Professional Accountant and it is one of the two flagship qualifications which is offered by the AAOIFI. It was launced in 2006 and relaunched in 2017 after a three-year-long overhauling process.<\/p>\n<p>CIPA is the only internationally recognized qualification in accounting for Islamic financial institutions, catering to all banking, investments, and Takaful segments.<\/p>\n<p>The CIPA program is intended towards development of, and enhancing of, industry\u2019s human resource capabilities by developing experts for Islamic finance accounting and financial reporting, audits, and Shari\u2019ah audits.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_f73c6c6b height_auto width_custom\" style=\"--site-content-width:1020px;\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-tabs style_default switch_click accordion remove_indents\"><div class=\"w-tabs-sections titles-align_none icon_plus cpos_right\"><div class=\"w-tabs-section has_text_color\" id=\"w20b\" style=\"color:var(--color-content-heading);\"><button class=\"w-tabs-section-header\" aria-controls=\"content-w20b\" aria-expanded=\"false\"><h6 class=\"w-tabs-section-title\">Objectives of CIPA<\/h6><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-w20b\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_555db678\"><div class=\"wpb_wrapper\"><ol>\n<li>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);<\/li>\n<li>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;<\/li>\n<li>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;<\/li>\n<li>To provide the understanding of the basic foundations for Shari\u2019ah compliance underpinning in Islamic banking and finance, and to develop strong application abilities of the requirements of the AAOFI Shari\u2019ah standards; and<\/li>\n<li>To equip candidates with comprehensive understanding of the requirements of Governance in an organization from Shari\u2019ah perspective.<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section has_text_color\" id=\"n39a\" style=\"color:var(--color-content-heading);\"><button class=\"w-tabs-section-header\" aria-controls=\"content-n39a\" aria-expanded=\"false\"><h6 class=\"w-tabs-section-title\">Who is CIPA for?<\/h6><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-n39a\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_555db678\"><div class=\"wpb_wrapper\"><p>CIPA is for professionals, executives, as well as for students who are currently involved, are studying for, or have interest, in accounting, auditing, and finance, especially for the Islamic banking and finance industry, such as:<\/p>\n<ul>\n<li>Accountants and Auditors<\/li>\n<li>Shari\u2019ah Auditors<\/li>\n<li>Islamic finance practitioners, bankers, and professionals<\/li>\n<li>Undergraduate or graduate students aspiring for an accounting career in Islamic banks<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section has_text_color\" id=\"r52b\" style=\"color:var(--color-content-heading);\"><button class=\"w-tabs-section-header\" aria-controls=\"content-r52b\" aria-expanded=\"false\"><h6 class=\"w-tabs-section-title\">Three Reasons for Getting the CIPA Qualification<\/h6><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-r52b\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_555db678\"><div class=\"wpb_wrapper\"><p>After successfully passing all CIPA module exams and fulfilling practical experience requirement (PER), you will become a CIPA Fellow. You stand to gain the following benefits by joining the 1000+ strong group of CIPA Fellows worldwide:<\/p>\n<ol>\n<li>Prestige of using the letters \u201cCIPA\u201d after your name\u2019<\/li>\n<li>Getting officially recognized by AAOIFI and the Islamic finance Industry \u2013 AAOIFI is a global standard-setting organization for the Islamic finance industry and supported by around 200 institutions, including 20+ central banks, from over 45+ countries; and<\/li>\n<li>Finding more career opportunities for both personal and professional growth \u2013 There is a huge and ever-growing demand for experts of AAOIFI Shari\u2019ah, accounting, auditing, governance, and ethics standards. CIPA Fellows are recognized for their knowledge and expertise and are always preferred over non-CIPA candidates\\<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_medium width_custom\" style=\"--site-content-width:1020px;\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_2 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-text us_custom_7aa41e08\"><span class=\"w-text-h\"><span class=\"w-text-value\">CIPA Flyer<\/span><\/span><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><div class=\"_df_book df-lite\" id=\"df_712\"  data-title=\"cipa-flyer\" _slug=\"cipa-flyer\" wpoptions=\"true\" thumb=\"https:\/\/csbib.org\/new\/wp-content\/uploads\/2023\/05\/flyer1.png\" thumbtype=\"bg\" ><p class=\"df-raw-loading\">Please wait while flipbook is loading. For more related info, FAQs and issues please refer to <a href=\"https:\/\/wordpress.org\/plugins\/3d-flipbook-dflip-lite\/#installation\">DearFlip WordPress Flipbook Plugin Help<\/a> documentation.<\/p><\/div><script class=\"df-shortcode-script\" type=\"application\/javascript\">window.option_df_712 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"direction\":\"1\",\"pageSize\":\"0\",\"pageMode\":\"1\",\"singlePageMode\":\"2\",\"source\":\"https:\\\/\\\/csbib.org\\\/new\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/20220208080247.CIPA-Flyer.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && window.DFLIP.parseBooks){window.DFLIP.parseBooks();}<\/script>\n<\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-text us_custom_7aa41e08\"><span class=\"w-text-h\"><span class=\"w-text-value\">CIPA Poster<\/span><\/span><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><div class=\"_df_book df-lite\" id=\"df_1794\"  data-title=\"\" _slug=\"1794\" wpoptions=\"true\" thumbtype=\"bg\" ><p class=\"df-raw-loading\">Please wait while flipbook is loading. For more related info, FAQs and issues please refer to <a href=\"https:\/\/wordpress.org\/plugins\/3d-flipbook-dflip-lite\/#installation\">DearFlip WordPress Flipbook Plugin Help<\/a> documentation.<\/p><\/div><script class=\"df-shortcode-script\" type=\"application\/javascript\">window.option_df_1794 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"direction\":\"1\",\"pageSize\":\"0\",\"source\":\"https:\\\/\\\/csbib.org\\\/new\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/CIPA-Poster-23_.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && window.DFLIP.parseBooks){window.DFLIP.parseBooks();}<\/script>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Certified Islamic Professional Accountant (CIPA)\u201cCIPA\u201d stands for Certified Islamic Professional Accountant and it is one of the two flagship qualifications which is offered by the AAOIFI. It was launced in 2006 and relaunched in 2017 after a three-year-long overhauling process. CIPA is the only internationally recognized qualification in accounting for Islamic financial institutions, catering to...","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-688","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/pages\/688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/comments?post=688"}],"version-history":[{"count":34,"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/pages\/688\/revisions"}],"predecessor-version":[{"id":1797,"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/pages\/688\/revisions\/1797"}],"wp:attachment":[{"href":"https:\/\/csbib.org\/new\/wp-json\/wp\/v2\/media?parent=688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}