CIPA exemptions


CIPA exemptions

Download Exemption Form 

eligibility criteria for exemptions from module exams

Exemption(s) are generally offered based on fulfillment of any of the following requirements:

  • having relevant professional qualification of a body recognized as an IFAC member such as CPA (US), CA, ACCA, etc., or any other relevant professional qualification recognized by AAOIFI from time to time;
  • being an AAOIFI fellow; or
  • when registering through university / institutional which has strategic partnership with AAOIFI.

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eligibility criteria for exemptions from PER

Partial 6-month exemption from PER

    • 3 years of accountancy experience working at an Islamic financial institution (IFI);
    • 5 years of accountancy experience working at a financial institution (FI); or
    • membership of a professional body which is an IFAC member with at least 1 year of accountancy experience working at a FI.

Full exemption from PER

    • More than 3 years of accountancy experience working at an IFI; or
    • More than 5 years of accountancy experience working at financial institution(s) and at least 3 months of accountancy experience working at an IFI; or
    • Membership of a professional body which is an IFAC member with at least 6 months of accountancy experience working at an IFI
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