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 has earned two or more than two AAOIFI fellowships) |
| 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:
find out the classification of your country as per GDP per capita and Islamic finance market share criteria, and apply the discounts accordingly on the total program fees. In case, both GDP and MS discounts apply, then the higher of the two discounts (which will always be GDP discount) will be used