CSAA | ABP

Preparatory Course for AAOIFI CSAA

CSAA is certificated by AAOIFI. Based in Bahrain, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOlFl) is an Islamic international autonomous non-for-profit corporate body that prepares accounting, auditing, governance, ethics and Shari’a standards tor Islamic financial institutions and the industry. CSAA designed to equip candidates with the requisite technical understanding and professional skills on Shari’ah compliance and review processes for the international Islamic banking and finance industry. The programme aims to familiarise candidates with the roles and functions in Islamic financial institutions, to know the mechanics which ensure Shariah compliance in accordance to scholars’ rulings, and to understand the technical review used
to determine Shariah compliance.

Roles and functions of various Shari’ah compliance and review processes in financial institutions.
Correlation between a financial institution’s Shari’ah Supervisory Board (SSB) and its internal Shari’ah
compliance and review processes
Mechanism to ensure Shari’ah compliance in accordance with resolutions and fatwas (Scholars’
rulings) issued by SSB.
Technical review of banking and financial operations to determine Shari’ah compliance.
Establishing the foundations to gain stakeholders’ trust and confidence in a financial institution’s adherence
to Shari’ah.

TOPICS

Shari’a Standard

Trading in currencies
Debit card, charge card and credit card
Procrastinating debtor
Settlement of debt by set-off
Guarantees
Conversion of a conventional bank to an islamic bank
Hawalah
Murabahah
Ijarah and ijarah muntahia bittamleek
Salam and parallel salam
Istisna’a and parallel istisna’a
Sharikah (musharakah) and modern corporations
Mudarabah
Documentary credit15:
Ju’alah
Commercial papers
Investment sukuk
Possession (qabd)
Loan (qard)
Sale of commodities in organized markets
Financial paper (shares and bonds)
Concession contracts
Agency and the act of an uncommissioned agent (fodooli)
Syndicated financing

Combination of contracts
Islamic insurance
Indices
Banking services in islamic banks
Stipulations and ethics of fatwa in the institutional framework
Monetization (tawarruq)
Controls on gharar in financial transactions
Arbitration
Waqf
Hiring of persons
Zakah
Impact of contingent incidents on commitments
Credit agreement
Online financial dealings
Mortgage and its contemporary applications
Distribution of profit in mudarabah-based investment accounts
Islamic reinsurance
Financial rights and how they are exercised and transferred
Insolvency
Obtaining and deploying liquidity
Protection of capital and investments
Al-wakalah bi al-istithmar (investment agency)
Rules for calculating profit in financial transactions
Options to terminate due to breach of trust (trust-based options)

TOPICS

Governance Standard

Shari’a supervisory board: appointment, composition and report
Shari’a review

Internal shari’a review
Audit and governance committee for Islamic financial institutions

duration

Class Schedule:

Fri & Sat

time

02:30PM – 05:00PM

(BST: GMT+6)

live

Live Online

in ZOOM

fee

Fee: Tk 15,000

(Excluding AAOIFI Exam Fee)

Trainers

Md. Shamsuddoha, CSAA

Executive Vice President,
Islami Bank Bangladesh
Limited

Mezbah-Uddin-Ahmed

Mezbah Uddin Ahmed, FCCA, CIPA, CSAA

AAOIFI Master Trainer
Researcher, International Shari’ah Research Academy for Islamic Finance (ISRA), Malaysia

Mohammad Mizanur Rahman

Certified Shariah Advisor & Auditor (CSAA), AAOIFI
Junior Assistant Vice president at Shahjalal Islami Bank Ltd.

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