Certified Shariah Advisor and Auditor CSAA

Overview:

Introduction:

This program is designed to prepare participants for the certification exam only.

The Certified Shari’ah Advisor and Auditor (CSAA) certification is a globally recognized credential for professionals specializing in Shari’ah compliance in Islamic finance. It provides comprehensive knowledge of Shari’ah standards, governance, and audit practices, equipping individuals with the expertise to ensure financial operations align with Islamic principles. This training program prepares participants to excel in Shari’ah advisory and auditing roles.

Program Objectives:

By the end of this program, participants will be able to:

• Identify the key Shari’ah standards relevant to Islamic finance operations.

• Analyze the governance structures supporting Shari’ah compliance.

• Evaluate financial operations for adherence to Shari’ah principles.

• Review the processes involved in issuing and monitoring Shari’ah resolutions.

• Prepare effectively for the official CSAA certification exam.

Targeted Audience:

• Professionals in Islamic banking and finance.

• Shari’ah compliance officers.

• Auditors in Islamic financial institutions.

Program Outline:

Unit 1:

Shari’ah Standards in Islamic Finance:

• Overview of Shari’ah standards issued by AAOIFI.

• Definition and requirements of contracts used in Islamic finance.

• Key principles underlying Islamic financial transactions.

• The relationship between Shari’ah standards and financial operations.

• Essential concepts of permissible and non-permissible activities in Islamic finance.

Unit 2:

Governance and Shari’ah Compliance:

• The structure and responsibilities of Shari’ah Supervisory Boards (SSBs).

• The role of internal Shari’ah compliance functions in financial institutions.

• The process of developing and issuing Shari’ah resolutions.

• Tools for monitoring and ensuring adherence to Shari’ah guidelines.

• The impact of governance frameworks on Shari’ah compliance.

Unit 3:

Shari’ah Audit Processes:

• The scope and objectives of Shari’ah auditing.

• Key components of Shari’ah audit plans.

• Techniques for reviewing financial operations for compliance.

• The importance of documenting and reporting audit findings.

• How to address non-compliance in financial institutions.

Unit 4:

Issuance and Oversight of Shari’ah Resolutions:

• The methodology for issuing Shari’ah resolutions.

• Tools for monitoring the implementation of resolutions within institutions.

• The role of documentation in ensuring compliance with Shari’ah rulings.

• The process of evaluating the effectiveness of Shari’ah resolutions in operations.

• Importance of ensuring alignment between resolutions and institutional goals.

Unit 5:

Certification Exam Preparation:

• Structure and content of the CSAA examination.

• Review of key topics and standards covered in the exam.

• Sample exam questions and their potential answers.

• Resources and study materials for exam preparation.

Note: This program is designed to prepare participants for the certification exam only.