CIPA program fee is: USD 2,200 payable in lumpsum or in 2 installments. The fee includes the registration fee, 4 study texts, 4 mock exams (one per module), 4 exam sittings (one per module), PER fee, and CIPA certificate fee (including its postal expenses).
Additional fees include:
Exam re-sit fee | USD 200 |
Exam re-check fee | USD 100 |
Annual fellowship fee | USD 100 (a 30% discount is applied if candidate is both CIPA and CSAA fellow at the same time) |
Replacement of CIPA certificate | USD 100 + postal expenses |
Discounts include:
Criteria for discount | Description | Discount | |
Opting for soft copy of study text | 15% | ||
Developing market discount | Based on GDP per capita | Medium (if GDP > 50% of world average of USD 11,000) | 15% |
Low (if GDP < or = 50% of world average) | 30% | ||
Based on Islamic finance market share (MS) of the total banking assets of the country | Medium (if MS > or = 5% but < 10%) | 7.5% | |
Low (if MS < 5%) | 15% |
In case both GDP and MS discounts are applicable, only the GDP discount will be applied
How to apply the discount policy:
To find out the final fee payable after applying the discount policy, undertake the following steps: