Practical Experience Requirement (PER)
What is PER? | Internship program for a duration of 1 year at a pre-approved IFI under an external supervisor |
Objective of PER | To develop the candidate’s real-world understanding of and implementation skills in accounting, auditing, governance, as well as, Shari’ah standards of AAOIFI, at IFIs |
Eligibility Criteria | All registered CIPA candidates may start their PER after program registration, but preferably after passing the FAR module |
Exemptions | Exemptions are available for modules other than FAR module |
Deliverable(s) | Candidates are required to submit monthly reports of their PER related work to AAOIFI, and then a final report at the end of the year |
Passing criteria | Earn a ‘pass’ grade on your final report |
Alternative to PER | Offered only on case-to-case basis where exceptional circumstances exist. As an alternative to PER, candidates will be allowed to submit 2 research papers on Islamic finance accountancy of up to or between 500 – 7000 words on pre-approved topics. |
How PER will Work?