Certified Shari’a adviser and auditor (CSAA)‎

Other Title(s)

شهادة المراقب و المدقق الشرعي

Instruction Language

English

Country

Bahrain

Objectives

- CSAA program is designed to equip candidates with the requisite technical understanding and professional skills on Shari’a compliance and review processes for the international Islamic banking and finance industry. Through the CSAA program, candidates will gain advanced knowledge on: • Roles and functions of various Shari’a compliance and review processes in financial institutions. • Correlation between a financial institution’s Shari’a Supervisory Board (SSB) and its internal Shari’a compliance and review processes. • Mechanism to ensure Shari’a compliance in accordance to resolutions and fatwas (Scholars’rulings) issued by SSB. • Technical review of banking and financial operations to determine Shari’a compliance. • Establishing the foundations to gain stakeholders’ trust and confidence in a financial institution’s adherence to Shari’a.

Certificate / Course Program

CSAA program covers technical subjects that are essential to Shari’a compliance and review processes for the international Islamic banking and finance industry, including : • AAOIFI’s Shari’a standards on Islamic finance products and practices, and Shari’a basis for those standards. • AAOIFI’s Governance standards on Shari’a compliance and review processes. • Islamic banking and finance supervision (including regulatory and external supervision, internal review, and application of AAOIFI’s standards). • Operational structures for Shari’a compliance and review. • Shari’a compliance and review procedures (including on planning, operations, documentation, and reporting). • Application of Shari’a and Fiqh (Islamic jurisprudence) to Islamic banking and finance practices.