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Sunday, 15 September 2013

AAOIFI: Testing Islamic finance skills

MANAMA: Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) held the examinations for its certified Sharia adviser and auditor (CSAA) and certified Islamic professional accountant (CIPA) professional development programmes on September 11 in several locations across the globe.
AAOIFI secretary-general and chief executive Dr Khaled Al Fakih said through the CSAA and CIPA programmes, Islamic finance professionals can gain technical understanding of AAOIFI international Islamic finance standards and be guided on practical application of those standards.
"The programmes go a long way towards promoting adoption of AAOIFI standards in major Islamic finance markets.
"We are thankful for the support that we have received from the international Islamic finance industry," he said.
"We are especially grateful for assistance given by central banks, Islamic banks and higher learning institutions across the world in hosting the examinations for us," Dr Al Fakih added.
The examinations were held in major Islamic finance markets including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Malaysia, Oman, Pakistan, Qatar, Saudi Arabia, South Africa, the UAE and the UK. AAOIFI will also be holding the next round of training courses for CSAA and CIPA professional development programmes from November 20 to 23 in Manama.
The training courses will follow the conclusion of AAOIFI-World Bank Annual Conference on Islamic Banking and Finance on November 18 and 19 in the kingdom.
(Gulf Daily News / 15 Sept 2013)

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