The AAOIFI Education Board (AEB) has approved the issuance of the Continuing Professional Development (CPD) policy for its CIPA (Certified Islamic Professional Accountant) and CSAA (Certified Shari’ah Advisor and Auditor) Fellows.

The objective of the CPD policy is to enhance professionalism and competency levels of the AAOIFI fellows (those who have passed the CIPA and/or CSAA professional fellowship programs) by requiring them to complete minimum 60 CPD hours in relevant activities in a reporting year, out of which minimum 10 hours will be devoted towards building knowledge and improving skills in ethics. The CPD requirement will be applicable to all AAOIFI Fellows after one year of their acquiring of CIPA and CSAA fellowships. The qualifying criteria for recognition of CPD hours is explained in the policy under eight categories which include both formal and informal learning activities including passing of examinations, authoring of books / papers / articles, lecturing / training, speaking at professional and academic events, participating in meetings, reading, listening, and attending specific events.

On this occasion, Professor Mehmet Asutay, Chairman of the AEB said, “I am pleased to announce the issuance of the CPD policy for AAOIFI fellows which will be effective from January 2021. To make the first-time adherence to the policy easy, a special provision is made which allows the AAOIFI fellows to begin accumulating the required CPD hours from the current year of 2020 for the reporting year of 2021.”

The CPD policy has been emailed to all AAOIFI fellows a copy of which is available BY CLICKING HERE