Registration & Exemptions


Registration & Exemptions

Click here for the Registration Form

Download Exemption Form

CIPA Registration and Exam Schedules – 2018 June & December

 

NOTE:
Registration and Exam dates are subject to change due to unforeseen circumstance or event with prior notice.

 

Eligibility Criteria for CIPA Registration

To register for the CIPA program, the prospective CIPA Candidate must be:

  • an undergraduate or postgraduate from a university recognized by a competent authority of higher education in the candidate’s respective country, or abroad, in discipline of accounting, economics, business, or commerce with minimum 55% markets; or
  • a member of accounting professional bodies which are IFAC members; or
  • have any other accounting and finance related professional membership / affiliation recognized by AAOIFI from time to time

NOTE: Eligibility criteria may be relaxed on case-to-case basis. For instance, those academically strong candidates having A Levels / High School qualifications may also be considered for CIPA program.

 

Eligibility Criteria for Exemptions from Module Exams

1. Financial Accounting & Reporting (FAR) Module – Exemptions are generally not offered – however, may be considered on case-to-case basis

2. Auditing, Assurance, and Ethics (AAE) Module – Full exemption is offered to:

a. Holders of relevant professional qualifications in which they passed Advanced Auditing course; or

b. those having minimum 3 years of experience in Internal and/or External Auditing at a recognized IFI(s)

3. Business & Regulatory Environment (BRE) Module

a. Full exemption offered to:

i. those having minimum 3 years of experience in Risk Management at a recognized IFI(s). However, Candidates may also be required to sign a ‘Study Confirmation’ certificate for BRE Study Text from Chapter E-01 (page 278) to Chapter F-01 (page 427).

ii. university students / graduates under Collaboration Agreement Program. However,

b. Partial exemption is offered to holders of relevant professional qualifications who do not have relevant Risk Management experience in an IFI. However, Candidates may be required to write a 3000+ words research paper on a pre-agreed topic on Risk Management for Islamic financial Institutions

4. Shari’ah Standards & Shari’ah Governance (SS&SG) Module – Full exemption is offered to:

a. all existing & future AAOIFI CSAA Fellows; and

b. to university students / graduates or religious centers under Collaboration Agreement Program

Eligibility Criteria for Exemptions from PER

      Partial Exemption (6 months)
      Up to 3 years of accountancy experience in an IFI; or
      Up to 5 years of accountancy experience in a financial institution(s); or
      Membership of professional bodies which are IFAC members and at least 1 year of accountancy experience in a financial institution(s)
      Full Exemption (12 months)
      More than 3 years of accountancy experience in an IFI; or
      More than 5 years’ of accountancy experience for financial institutions and at least 3 months of accountancy experience in an IFI; or
      Membership of Professional bodies which are IFAC members and at least 6 months of accountancy experience in an IFI.