CERTIFIED ISLAMIC PROFESSIONAL ACCOUNTANT (CIPA)
Category   ARTICLE

 

 

The CIPA Program

Certified Islamic Professional Accountant (CIPA) is one of the two flagship qualifications which are offered by the AAOIFI. It is the only internationally recognized qualification in accounting for Islamic financial institutions, catering to all banking, investments, and Takaful segments. The CIPA program is intended towards development of, and enhancing of, industry’s human resource capabilities by developing experts for Islamic finance accounting and financial reporting, audits, and Shari’ah audits.

 

Items CIPA
Structure Four modules
Language English and Arabic
Average Study Duration 1+ years
Study Textbooks
  • FAR - Financial Accounting & Reporting
  • AAE - Auditing, Assurance & Ethics
  • BRE - Business & Regulatory Environment
  • SS&SG - Shari'ah Standards & Shari'ah Governance
Certification Examination - Practical Experience Requirement (PER) Report
Examination 4 Exam
Practical Experience Yes (1 year unless exempted)

 

Who is CIPA for?

 
  • Accountants and Auditors
  • Shari’ah Auditors
  • Islamic finance practitioners
  • Bankers and other related professionals
  • Shariah Scholars
  • Undergraduate or graduate students aspiring for an accounting career in Islamic banks

Why CIPA Qualification?

 
  • Prestige of using the letters “CIPA” after your name’
  • Getting officially recognized by AAOIFI and the Islamic finance Industry 
  • Finding more career opportunities for both personal and professional growth 

Why CIPA Qualification?

 
  • Prestige of using the letters “CIPA” after your name’
  • Getting officially recognized by AAOIFI and the Islamic finance Industry 
  • Finding more career opportunities for both personal and professional growth 

 

 

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