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Certified Islamic Professional Accountant (CIPA)
 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 






 














 

Transfer Pricing (TP) Compliance
 Article


 



Transfer pricing generally refers to intercompany pricing arrangements for the transfer of goods, services and intangible between associated persons. Ideally, the transfer price should not differ from the prevailing market price which would be reflected in a transaction between independent persons. (excerpt from TP Guideline 2012)







 


Current Provision

In Malaysia, Section 140A of the Income Tax Act 1967 engross with the TP Guideline 2012 requires taxpayers to determine and apply the arm's length price on controlled transaction. 





Further, the TP Guideline requires a taxpayer who has entered into a controlled transaction with an associated person to prepare and keep contemporaneous documentations in the relevant YA.


A documentation is deemed “contemporaneous” if it is prepared: 

 




  • at the point when the taxpayer is developing or implementing any arrangement or transfer pricing policy with its associated person; and 

     

  • if there are material changes, when reviewing these arrangements prior to due date of furnishing the relevant tax return of his income for the basis year for a year of assessment.





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We provide our clients with specialist support during preparation of TP documentations







 



Changes to Form C w.e.f. YA 2014





The revised Form C for YA 2014 onwards had enclosed a new item (R4) compelling the taxpayer to indicate the preparation of transfer pricing documentation for the relevant YA; whether it has been prepared by the tax payer or not. 



 



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Implications to the taxpayer on new development of Form C



 



Taxpayer is required to maintain contemporaneous documentation for the year in which there are controlled transactions. In the event of occurrence of material changes, the deadline for updating the documentation is prior to due date of furnishing the return of income.





The above said matter change by the new implementation of preface in Form C that eventually requires the disclosure of the TP documentation. This is to emphasize that it is mandatory for the taxpayer to prepare and maintain TP documentation prior to the due date of filing the return (irrespective of whether or not there are material changes) in order to be able to tick 'YES' to item R4 in Form C.



 






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Transfer Pricing Penalty Provision

 



The following penalty rates are applicable:



 







If there is no contemporaneous transfer pricing documentation





35%







If there is transfer pricing documentation prepared, but not according to requirements in the Guidelines





25%







If the taxpayer does not fall under the scope of the Guidelines, and does not prepare a contemporaneous transfer pricing documentation





25%



 







 



For further enquiry, please contact us NOW.



 



Shariah Advisory & Consultancy
 Article


Compliance with Shariah requirements is an essential part of submission to Allah. As such all transactions/activities, financial and non-financial, must conform to Shariah requirements. Helping clinets manage Shariah non-compliance risks is our divine calling. With our finest shariah expertise, we assist in the following areas:



 



 









Salihin product structuring

Product Structuring & Development






Sukuk Issuance & structuring advisory

Sukuk Issuance & Structuring advisory






Islamic fund Management advisory

Islamic Fund Management Advisory






Islamic fund Management advisory

Islamic Fund Management Advisory










Islamic private Equity advisory

Islamic Private Equity Advisory






Takaful & retakaful advisory

Takaful & Retakaful Advisory






shariah audit review and Screening

Shariah Audit, Review & Screening






zakat and Waqaf consultancy

Zakat & Waqaf Consultancy








 



As emerging leading Shariah advisors, we take leadership responsiblities in Shariah advsiory and consultancy for Islamic wealth creation and protection toward sustainable Islamic economy.



 



For all your Shariah Advisory needs, contact us, the trusted Shariah Advisors.



Shariah Education and Training
 Article



 


SALIHIN has assembled high profile and certified trainers from around the world with diverse expertise and capabilities. It provides high quality executive and non-executive Islamic finance training programs tailored to meet general and specific needs of clients or a customised summer holiday training package for foreigners holidaying in Malaysia. As education partners of AAOFI and CIBAFI, we provide end-to-end assistance to your professional journey, from registration process, tuition, and examination. 


 











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Fundamental Courses


More info...


 




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Structured Courses


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Fast Track Courses


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KL Summer School


More info...


 









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AAOIFI Professional Courses


More info...


 




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CIBAFI Professional Courses


More info...


 




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In-House  or Customised Training


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One-to-one Executive Coaching


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The training programs are designed for all levels of understanding be it basic, intermediate or advanced level. We also provide refresher courses for the experienced to refresh and stay up-to-date with the latest developments in the industy. 




Monthly Practical Workshop on Fundamentals of Islamic Finance
 Article

 



Be trained and guided by experts in practice.



Experience the rare understanding and feeling in a highly engaed session.



 



 







6-7 FEBRUARY 2018



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20-21 FEBRUARY 2018



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6-7 MARCH 2018



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11-12 APRIL 2018



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8-9 MAY 2018



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12 JUNE 2018



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12 JULY 2018



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7-8 AUGUST 2018



More






 



Learn, Understand, Implement



 



REGISTER NOW!!!

Conferences & Event Management
 Article


We provide conferences and seminar, and offers opportunity to be introduced to several Islamic Finance experts and allowed to build network with others who work in Islamic Finance field. The certified trainer will provide a magnitude of usable content regarding Islamic Finance.



 



We are hired to plan and execute some company meetings and special events especially in Islamic Finance field. It also include the training conducted by us to other participants.  We able to prioritize on tasks and execute it in both creativity and flexibility



 






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Conferences & Seminars


 




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Event Management


 






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Fintech & IT Shariah Solutions
 Article


Employing cutting edge technology,  we design, develop and implement systems for cost-effective financial technology in Islamic banks, takaful companies, mortgage institutions, cooperatives, and other financial institutions.



 



To stay competitive in the information age, we make sure that IT resources are being fully utilized by the employees. We has assembled a competent and experienced team of IT professionals to assist clients to remain competitive and to minimize IT related risks.



 



 



 



 



  






Salihin services : Fintech & IT Shariah Solutions

IT Shairah Solution


 




Salihin services : Fintech & IT Shariah Solutions

Fintech & Innovation


 




Salihin services : Fintech & IT Shariah Solutions

Media Production


 







 



We cover media production to produce relevant programme or documents related to Islamic finance. This media covers You tube Salihin Academy in Islamicfinance, MOOC platform, and many others platform to disseminate the knowledge of Islamic finance



 



Training Calendar & Registration
 Article


 



SPECIAL COURSE



 






































Course Title   Price   Date, Time & Location   Register

Understanding Islamic Finance 


 

RM850


 

17 January 2019, 9am - 5pm, SALIHIN, Sarawak


 

Register


Understanding Islamic Finance   RM900   19 March 2019, 9am - 5pm, SALIHIN, Terengganu   Register





 



RESEARCH AND DATA ANALYSIS TRAINING



COLLABORATION WITH IFINTELL






































Course Title   Price   Date, Time & Location   Register

Quantile Regression Analysis


 

RM95


 

23 January 2019, 9am - 5pm, SALIHIN, Batu Caves


 

Register



 


           





 





MONTHLY PRACTICAL WORKSHOP ON FUNDAMENTAL COURSES IN ISLAMIC FINANCE



(RM1,300 two days course / RM900 one day course)






































































































Course Title   Date, Time & Location   Register

Usul Fiqh and Islamic Finance


 

15-16 January 2019, 9am - 5pm, SALIHIN, Batu Caves


 

Register



Key Shariah Aspects in Business and Finance


 

12-13 February 2019, 9am - 5pm, SALIHIN, Batu Caves


 

Register



Islamic Finance Applications/Transactions


 

5-6 March 2019, 9am - 5pm, SALIHIN, Batu Caves


  Register

Compliance and Legal Documentation in Islamic Finance


  9-10 April 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Shariah Governance in Islamic Finance


  8 May 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Maqasid Al Shariah and VBI in Islamic Finance


  18 June 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Legal Maxims in Islamic Finance


  9-10 July 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Usul Fiqh and Islamic Finance


  6-7 August. 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Key Shariah Aspects in Islamic Finace


  4-5 September 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Islamic Finance Applications/Transactions


  8-9 October 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Compliance and Legal Documentation in Islamic Finance


  5-6 November 2019, 9am - 5pm, SALIHIN, Batu Caves   Register
Shariah Governance in Islamic Finance   3-4 December 2019, 9am - 5pm, SALIHIN, Batu Caves   Register





 



FAST TRACK SHARIAH BASED EDUCATION IN ISLAMIC FINANCE 



(RM6,000 for all Modules per pax)











































Modules   Date, Time & Location   Register

Key Shariah Aspects in Islamic Finance


 

11-14 March 2019



23-26 September 2019



11-14 November 2019



9am - 5pm



SALIHIN, Kula Lumpur


 

Register



Islamic Finance Applications/Transactions


   

Compliance and Legal Documentation in Islamic Finance


   

Shariah Governance, Maqasid Al Shariah & Legal Maxims in Islamic Finance


   
Click here for more info





 



STRUCTURED COURSES IN ISLAMIC FINANCE



(RM1,800 per Module per paxRM1,600 pax for Group of minmum 3 pax)






































































































Course Title   Date, Time & Location   Register

Shariah Non-Compliance Risk in Islamic Finance


 

29-30 January 2019, 9am - 5pm, SALIHIN, Batu Caves


 

Register



Shariah Audit In Islamic Finance


 

26-27 February 2019, 9am - 5pm, SALIHIN, Batu Caves


  Register

Islamic Wealth Management And Financial Planning


 

26-27 March 2019, 9am - 5pm, SALIHIN, Batu Caves


  Register

Intoduction to Islamic Accounting


  23-24 April 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Takaful: Business Model & Key Operation Aspects


  28-29 May 2019, 9am - 5pm, SALIHIN, Batu Caves   Register

Islamic Banking: Business Model, Key Aspects On Deposit & Financing


  25-26 June 2019, 9am - 5pm, SALIHIN, Batu Caves   Register
Islamic Capital Market: Key Aspects on Market & Instruments   30-31 July 2019. 9am - 5pm, SALIHIN, Batu Caves   Register
Corporate Waqf: Models & Practices In Business & Social Finance   11-12 September 2019. 9am - 5pm, SALIHIN, Batu Caves   Register
Shariah Fintech in Islamic Finance   30 September 2019, 9am - 5pm, SALIHIN, Batu Caves   Register
Cryptocurrency & Blockchain for Islamic Finance   31 September 2019, 9am - 5pm, SALIHIN, Batu Caves   Register
Financial Management of Mosque (Masjid)   26-27 November 2019. 9am - 5pm, SALIHIN, Batu Caves   Register
Trade Finance in Islamic Banking   17-18 December 2019, 9am - 5pm, SALIHIN, Batu Caves   Register





 



KUALA LUMPUR SUMMER SCHOOL IN ISLAMIC FINANCE



(RM7,000 for all Modules per pax)




























































Modules     Date, Time & Location     Register

Day 1: Shariah Foundation & Shariah Compliance in Islamic FinanciaI Institutions


   

19 - 23 August 2019



9am - 5pm



Kuala Lumpur


   

Register



Day 2: Islamic Banking Practices  


       

Day 3: Islamic Capital Market


       

Day 4: Takaful Operator & Wealth Management and Financial Planning


       

Day 5: Shariah Governance in Islamic Finance


       
Click here for more info

Insight and Research

Transfer Pricing (TP) Compliance

Reporting Accountant and IPO Advisory

Shariah Advisory & Consultancy

MIA Appoints Salihin Abang As New President