SEARCH
LOOKING FOR A PAGE OR AN ARTICLE?

Search Results for "work with us"

Teaching Accountancy Firm (TAF)
 Article

TAFThe TAF is the unique hallmark of SALIHIN’s innovative practical solution to address the unmet needs and challenges commonly faced by the nation, the industry and the academia in nurturing and producing industry-ready graduates.



It is the accountancy world’s first initiative in the accountancy profession. It fosters a collaboration between SALIHIN and Universities aimed at providing a unique and advanced learning and training field for both accounting lecturers and students. It bridges the gap between theory and professional practice aimed at producing a world-class industry-ready and entrepreneurial accountants.



TAF provides avenue for students to be directly involved in the actual working environment within the university and to apply knowledge which has been learnt in the class; enhances quality of accounting graduates with necessary technical and soft skills in accountancy as deemed relevant, primarily involving accounting standards and applicable laws; and serves a platform for academicians to empower their knowledge with the latest development of the accountancy profession’s practices.



Presently, SALIHIN-UMT TAF is in operation and is jointly managed by both SALIHIN and University Malaysia Terengganu (UMT).  SALIHIN-UniKL TAF has been soft-launched while other universities are in the pipeline.



 



Entrepreneurship



 



Central to this university-industry collaboration is the production of entrepreneurial minded accounting graduates. In the era of stiff competition in business and graduate employment, it is a matter of necessity, on one hand, for businesses to have access to talents with entrepreneurial acumen to tap business opportunities, and on the other hand, for graduates to be self-employed. As a result, the TAF is to also establish and operate an Accountancy Student Business Incubator (“ASBI”).





The ASBI is an educational learning laboratory designed to identify, inspire and educate students in entrepreneurship. Students will have access to the full depth of and breadth of TAF’s expertise and resources in diverse businesses across the industry. As students grow through education and experimentation under the TAF, it will help spark and make their innovative dreams a reality. This implies that the ASBI offers the chance students before graduation to learn through experience by working via innovative business concept and exposure to real business issues in the TAF. It is all about innovative ideas in TAF. Hands-on entrepreneurial activities  allow students to learn, launch, grow, and sustain customer-centered and market-relevant businesses.





With in-house theoretical and technical support and experienced business mentors/trainers, the graduate students would be equipped with the relevant skills and experience necessary to create a positive influence on the society, the nation’s economy and beyond. Going beyond producing entrepreneurs, the TAF will assist the graduate entrepreneurs after experimentation of business ideas through Entrepreneurship Fund and Sourcing of Seed Capital





Market Research & Case Study



 



Blending academic with in-depth industry experience, the TAF is poised in conducting full range of market research for new entrants and existing market players in diverse industries. In any manner the research is needed, whether quantitative, qualitative or mixed. Businesses need an in-depth market information to succeed in today’s complex and challenging business landscape. The array of TAF’s market research services includes market entry demand studies, industry overview studies, consumer behaviour and habit studies, feasibility studies, opinion studies, economic studies, and many more.



Business case studies has to do with conducting a comprehensive study of a whole or section of an organisation to identify, issues, challenges, problems, and provide effective recommendation for competitive and yet sustainable business growth. Thus, the case study provides a complete diagnosis and relevant solutions for improvement.





Government/GLC Consulting



 



Drawing from the wealth of TAF’s private and public sector expertise, this practice area focuses on addressing most critical managerial and policy issues hindering national, state, and local government agencies, and government linked companies to better fulfill their mission to the public. Among others, the public sector consultancy service covers public finance, economic development, strategy design, execution and evaluation, organisational design, change management, cost and quality service improvements, performance and value for money audit, policy research, financial management, accrual accounting, human capital management, and project management.





Thus, we examine macroeconomic trends, perform expenditure analysis, assess and quantify risks and explore new efficient methods of revenue generation in public finance, e.g. public private partnership advice and support. In the area of economic development, the TAF assists government and public-sector institutions craft and implement large-scale strategies that promote sustainable economic development, inclusive and holistic growth.





In strategy, the TAF is set to help public sector organisations, build and implement strategies to achieve their policy and organizational goals through setting a vision for strategic outcomes, designing actionable plan and evaluating progress from design through implementation to ensure that strategies and projects have long term impacts. In terms of organization, the TAF is positioned to offer organizational diagnostics and transformational change management.





Most importantly,  the TAF’s accrual accounting expertise supports and advises public sector organizations in the design and implementation of accounting system as required by the international public sector accounting financial reporting standards. This also includes the design and execution of accrual budgeting and monitoring of expenditure for prudent use of public resources. Apart from accrual accounting policy design and implementation, the TAF offer public sector policy research on the policy/intervention effectiveness, outcome and impact. The human capital manages addresses skills shortage and efficiency concerns of the public sector.



 



Research Commercialisation



 



Commercialization under the TAF also includes creating spin-off ventures and licensing of research outputs. The creation of spin-off ventures will largely be centred on greenfields. This involves the founding of a firm with the objective to commercially exploit a patented invention or establishing firms in untapped areas of the market with the sole aim of generating revenue for the university and lecturers. Lecturers are to be involved in generation of spin-off firms through consultancy engagements or transfer of tacit knowledge. This is designed to motivate researchers to commercialize research outputs while simultaneously supporting the basic research of the university. Students involvement in spin-offs is as covered in under the entrepreneurship drive in previous section. The impact of the TAF’s commercialisation activities rests on positive influences on research and teaching, provision of more exciting learning atmosphere in the university due to new career opportunities that are evident.





Greenfield/StartUp



 



We focus on viable projects in a marketplace that is completely untapped. We search for commercially untapped areas to undertake projects through our established entrepreneurs or new entrants into the market.

Reporting Accountant and IPO Advisory
 Article

 



The main aspiration and milestone of any business organisations during their lifecycle is to ‘go public’. The benefit of this include access to finance adequate and increase competitive advantage in their respective industries. Hence, at this important stage you need experienced advisors who can help scale through the complex road to a successful listing. Apart from the Reporting Accountant function, we equally provide CEO/CFO assistance in pre-IPO readiness, evaluating listing structure and impact of listing on financial reporting, systems and processes, and corporate governance.



 



So, where do you begin?



 



The starting point of reporting accounting activities is for the firm to generate relevant and reliable financial and non-financial information with an objective way of projecting financial performance expected from the investment of capital to be raised via public listing or private placement.



 



How can SALIHIN be of help?



 




  • We bring the knowledge and experience gained from working on the financial reporting services to help client navigate the bottlenecks in listing procedures;

  • We perform financial due diligence for the directors and their adviser as per of listing requirements;

  • Our teams are capable and competent in public offerings, listings and private placements, both locally and internationally;

  • Our professionals provide certain 'public' opinions required by the rules governing capital markets transactions; and

  • We have experience in helping companies not only list in Malaysia, but also in ASEAN markets concerning reporting accounting services;



 



Services offering



 



Our specialists can help you in each step of your listing journey. Specifically, we can provide service in the following areas:



 


















Listing advice

  • We provide advice on appropriate time for companies to go public based on our past experience and competent professional views.



 


Prepare forecast financial statements

  • We provide proforma financial statement include statement of financial position, statement of profit or loss, statement of cash flow based on companies’ fundamentals and economics variables to meet the requirement of regulators



 


Review forecast financial statements

  • Provides certain 'public' opinions required by the rules governing capital markets transactions



 




 



 



 



 



Speak to us today

Shariah Advisory & Consultancy
 Article


 



SALIHIN Shariah Advisory is a registered Shariah Adviser with the Securities Commission Malaysia (SC). As a registered Shariah Adviser, we advise on all Shariah-based products and services regulated by the SC and qualified to be appointed as a Shariah adviser. It is essential to ensure Shariah compliance to the core. With our finest shariah expertise, we assist in the following areas:



 



 








 
Salihin : salihin at glance - purpose and value

Product Structuring & Development







 
Salihin : salihin at glance - purpose and value

Sukuk Issuance & Structuring advisory







 
Salihin : salihin at glance - purpose and value

Shariah Governance & Supervision









 
Salihin : salihin at glance - purpose and value

Islamic Fund Management Advisory







 
Salihin : salihin at glance - Salihin commitment

Islamic Private Equity Advisory







 
Salihin : salihin at glance - Salihn experience

Takaful & Retakaful Advisory









 
Salihin : salihin at glance - salihin alumni networks

Shariah Accounting, Audit, Review & Screening







 
Salihin : salihin at glance - salihin corporate responsibility

Zakat & Waqaf Management & Consultancy







 
Salihin : salihin at glance - SAlihin commitment

Fintech & Shariah Digital Solutions









 
Salihin : salihin at glance - Salihn experience

Research & Development







 
Salihin : salihin at glance - salihin alumni networks

Publications







 
Salihin : salihin at glance - salihin corporate responsibility

Conferences & Events Management












 



Leveraging on its experienced international and local Shariah advisers as well as drawing on the global knowledge and resources of SALIHIN member firms, SALIHIN Shariah Advisory provides advisory and others services to ensuring Shariah compliance with ease and professionalism. We internalise and implement human governance in accordance with Shariah values to deliver excellent services. As a Shariah driven advisory firm, we go beyond conventional approaches to help organisations and individuals create sustainable and meaningful value.



                   



Effect of Tax Reduction
 Article

If we take a cut in income tax, it could also have an effect on the supply side of the economy.




  • Lower income tax rates may encourage people to work longer. Overtime is more worthwhile if you get to keep more of your income. This is the substitution effect – work is more attractive with lower tax rates.

  • However, there is also the income effect. With lower tax rates (and effectively higher wages), it is easier to get your target income by working fewer hours. Therefore, tax cuts may not increase labour supply because people don’t need to work more, if work is more highly paid.



There is much debate about the extent to which tax cuts increase productivity and economic growth. If marginal tax rates are very high e.g. 80%, cutting tax rates is likely to have some increase in labour supply and productivity. But, with tax rates of 20 or 30%, cutting income tax rates is no guarantee of increasing productivity and growth.



Source:



http://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/

Certified Islamic Specialist in Takaful
 Article



CIBAFI offers this programme as a supporting tool to the industry, enabling professionals to understand and work within the specifics of Islamic Insurance.












  • Basics of insurance

  • Commercial insurance contracts

  • Islamic insurance contracts and applications

  • Insurance surplus

  • Islamic reinsurance

  • The modalities of Islamic insurance in Fiqh (Islamic jurisprudence principles)

  • Disclosures and financial statements of Islamic insurance companies

  • Shariah supervision in Islamic insurance companies

  • Islamic insurance opportunities and challenges













  • Insurance and Re-insurance Officers

  • Auditors and Islamic Insurance Supervisors

  • Professionals in conventional insurance aiming to penetrate the Islamic insurance industry

  • Shariah Auditors














INTAKE 1

Registration starts: 10 February 2019


Last day for registration: 19 March 2019


Course starts: 20 March 2019


Exam schedule: To be confirmed






INTAKE 2

Registration starts: 01 April 2019


Last day for registration: 19 June 2019


Course starts: 20 June 2019


Exam schedule: To be confirmed








INTAKE 3

Registration starts: 01 July 2019


Last day for registration: 19 September 2019


Course starts: 20 September 2019


Exam schedule: To be confirmed






INTAKE 4

Registration starts: 01 October 2019


Last day for registration: 19 December 2019


Course starts: 20 December 2019


Exam schedule: To be confirmed


































No. Certificates Credit Hours No Days Fee (RM)
1 The Certified Islamic Specialist in Takaful  30 hours 5 days 4000























Submit your application to us :


Tel : 603-6185 9970


Email : ssa@salihin.com.my


Certified Islamic Banker
 Article



The course aims to improve staff expertise in the Islamic finance industry. It is available to those who work in Islamic financial institutions and meet their various professional levels. It equips certificate holders with the sound and integrated foundations of the Islamic finance industry. It also provides professional knowledge, expertise of proper banking applications, and offers a straightforward and steady start towards an array of career options.












  • Introduction to Islamic finance transactions

  • Islamic banking system

  • Islamic finance operations

  • Islamic investment operations

  • Islamic banking services

  • Shariah supervision for Islamic financial institutions













  • This certificate is issued to employees of Islamic banks and other financial institutions














INTAKE 1

Registration starts: 10 February 2019


Last day for registration: 19 March 2019


Course starts: 20 March 2019


Exam schedule: To be confirmed






INTAKE 2

Registration starts: 01 April 2019


Last day for registration: 19 June 2019


Course starts: 20 June 2019


Exam schedule: To be confirmed








INTAKE 3

Registration starts: 01 July 2019


Last day for registration: 19 September 2019


Course starts: 20 September 2019


Exam schedule: To be confirmed






INTAKE 4

Registration starts: 01 October 2019


Last day for registration: 19 December 2019


Course starts: 20 December 2019


Exam schedule: To be confirmed


































No. Certificates Credit Hours No Days Fee (RM)
1 The Certified Islamic Banker (CIB) 30 hours 5 days 4000























Submit your application to us :


Tel : 603-6185 9970


Email : ssa@salihin.com.my


Certified Islamic Bank Manager
 Article



This training programme focuses on the necessary theoretical knowledge and leadership skills necessary for planning, budgeting, performance evaluation, marketing, and enhancing the work of Islamic banks to achieve their objectives. In addition, this programme aims to instruct branch managers devoted to the unique role of Islamic banks in serving their local community and the national economy as well.












  • Islamic bank branch management

  • Strategic planning for Islamic banks

  • Islamic concepts in leadership and the management for change

  • The challenges facing Islamic banking













  • Employees with potentials for leading positions in the branches of Islamic banks

  • Heads of Departments, Auditors, Planning, Risk Management, Compliance, Quality Control, and Research and Development Departments

  • Regulators and Supervisors

  • Academics and Researchers in universities and institutes interested in Islamic banking














INTAKE 1

Registration starts: 10 February 2019


Last day for registration: 19 March 2019


Course starts: 20 March 2019


Exam schedule: To be confirmed






INTAKE 2

Registration starts: 01 April 2019


Last day for registration: 19 June 2019


Course starts: 20 June 2019


Exam schedule: To be confirmed








INTAKE 3

Registration starts: 01 July 2019


Last day for registration: 19 September 2019


Course starts: 20 September 2019


Exam schedule: To be confirmed






INTAKE 4

Registration starts: 01 October 2019


Last day for registration: 19 December 2019


Course starts: 20 December 2019


Exam schedule: To be confirmed


































No. Certificates Credit Hours No Days Fee (RM)
1 The Certified Islamic Bank Manager 25 hours 4 days 3500























Submit your application to us :


Tel : 603-6185 9970


Email : ssa@salihin.com.my



Privacy Statement
 Article

 



Introduction



SALIHIN is dedicated to protecting the confidentiality and privacy of information entrusted to it. As part of this fundamental obligation, SALIHIN is committed to the appropriate protection and use of personal data that has been collected through its web sites or events, conferences, seminars or talks organized or sponsored by SALIHIN, client service teams or other marketing and communication channels from time to time. Generally, our intent is to collect only the personal data that is provided voluntarily by visitors to our web sites or attendees to events, conferences, seminars or talks organized or sponsored by SALIHIN so that we can communicate with you to offer information and/or services to those individuals or offer information about employment opportunities. Please review this Privacy Statement to learn more about how we collect, use, share and protect the personal data that we have obtained.



 



Collection and use of personal data





We obtain personal data about you (includes but not limited to your name, designation, company name, National Registration Identification Number, postal address, telephone number, email address, fax number) if you choose to provide it — for example, to contact mailboxes, to enquire or to register for certain services or events. In some cases, you may have previously provided your personal data to SALIHIN (if, for example, you are an applicant for a position with SALIHIN or former employee). By registering and/or submitting personal data to us or if you were an attendee or participant in events, conferences, seminars or talks organized or sponsored by SALIHIN or attendee in meetings with our SALIHIN personnel, you are also agreeing to the use of such data in accordance with this Privacy Statement. Your personal data is not used for other purposes, unless we obtain your permission, or unless otherwise required or permitted by law or professional standards. For example, if you send us an email message requesting information about SALIHIN, we will use your email address and other information you supply to respond to your request and communicate to your events or details or send you newsletters about SALIHIN services which we believe may be of interest to you. If you send us a resume or curriculum vitae (CV) to apply for a position with SALIHIN, we will use the information that you provide to match you with available SALIHIN job opportunities.



 



SALIHIN generally collects only the personal data necessary to fulfil your request. Where additional, optional information is sought, you will be notified of this at the point of collection. SALIHIN only collects "sensitive" personal data when the relevant individuals voluntarily provide us with this information or where such information is required or permitted to be collected by law or professional standards. Sensitive personal data includes personal information regarding a person’s political beliefs, trade union membership, religious or similar beliefs, physical or mental health, sexual life or criminal record. Please use your discretion when providing sensitive information to SALIHIN, and under any circumstances, do not provide sensitive information to SALIHIN, unless you thereby consent to SALIHIN 's use of that information for its legitimate business purposes and consent to the transfer and storage of such information to and in SALIHIN databases. If you have any questions about whether the provision of sensitive information to SALIHIN is, or may be, necessary or appropriate for particular purposes, please contact SALIHIN at the address indicated below.



 



 Automatic collection of personal data on websites 





In some instances, SALIHIN automatically collects certain types of information when you visit our web sites and through emails that we may exchange. Automated technologies may include the use of web server logs to collect IP addresses, "cookies", and web beacons. The collection of this information will allow us to better understand and improve the performance, usability and effectiveness of SALIHIN web sites and to measure effectiveness of our marketing activities.



 



 IP addresses





An IP address is a number assigned to your computer whenever you access the internet. It allows computers and servers to recognise and communicate with one another. IP addresses from which visitors appear to originate may be recorded for IT security and system diagnostic purposes. This information may also be used in aggregate form to conduct web site trend and performance analysis.



 



Cookies 





A "cookie” is a small piece of text that a Web site places in the cookie file of your browser and that allows the site to remember who you are. Cookies cannot be used to run programs or deliver viruses to your computer. SALIHIN only uses cookies in accordance with applicable laws. Cookies by themselves do not tell us your email address or otherwise identify you personally. If you visit a SALIHIN web site, we use cookies to compile aggregate statistics to help us determine what areas of the site visitors prefer. If you subsequently register with a SALIHIN web site, this information may be linked to a cookie in order to enhance and personalize your online experience (e.g., by welcoming you back when you return or providing you access to your registration information). You have the choice of deciding whether to accept cookies or not. You can set your browser to notify you when you receive a cookie or to reject cookies. However, please be aware that if you do not accept cookies, you may not be able to fully experience some of our Web site features.



 



Web beacons 





A web beacon is a small image file on a web page that can be used to collect certain information from your computer, such as an IP address, the time the content was viewed, a browser type, and the existence of cookies previously set by the same server. SALIHIN only uses web beacons in accordance with applicable laws. SALIHIN or its service providers may use web beacons to track the effectiveness of third party web sites that provide us with recruiting or marketing services or to gather aggregate visitor statistics and manage cookies. You have the option to render some web beacons unusable by rejecting their associated cookies. The web beacon may still record an anonymous visit from your IP address but cookie information will not be recorded. In some of our newsletters and other communications, we may confirm a recipient’s email address through embedded links within the messages. We collect this information to gauge user interest and to enhance future user experiences.



 



Sharing and transfer of personal data 





We do not share personal data with unaffiliated third parties, except as necessary for our legitimate professional and business needs, to carry out your requests, and/or as required or permitted by law or professional standards. In some instances, SALIHIN may also share personal data about you with our third-party service providers working on our behalf to help fulfil your requests. SALIHIN may also disclose personal data in connection with the sale, assignment, or other transfer of the business of the site to which the data relates, in order to respond to requests of government or law enforcement agencies or where this is required by applicable laws, court orders, or government regulations. These disclosures may also be needed for data privacy or security audits and/or to investigate or respond to a complaint or security threat. SALIHIN does not sell personal data to any third parties. Also, SALIHIN will not transfer the personal data you provide to any third parties for their own direct marketing use.



 



Children 





SALIHIN understands the importance of protecting children's privacy, especially in an online environment. In particular, our web sites are not intentionally designed for or directed at children under the age of 13. It is our policy never to knowingly collect or maintain information about anyone under the age of 13, except as part of an engagement to provide professional services.



 



Choices





You have several choices regarding your use of our web sites. In general, you are not required to submit any personal data when you visit our web sites, but SALIHIN may require you to provide certain personal data in order for you to receive additional information about our services and events. Certain web sites may also ask for your permission for certain uses of your personal data, and you can agree to or decline those uses. If you opt-in for particular services or communications, such as an e-newsletter, you will be able to unsubscribe at any time by following the instructions included in each communication. If you decide to unsubscribe from a service or communication, we will try to remove your information promptly, although we may require additional information before we can process your request. As described above, if you wish to prevent cookies from tracking you as you navigate our web sites, you can reset your browser to refuse all cookies or to indicate when a cookie is being sent. Note, however, that some portions of our sites may not work properly if you elect to refuse cookies.



 



Access





If you have submitted personal data to SALIHIN, under most circumstances you have the right to reasonable access to that data to correct any inaccuracies. You can also make a request to update or remove information about you by contacting info@salihin.com.my, and we will make all reasonable and practical efforts to comply with your request, so long as it is consistent with applicable law and professional standards.



 



Data security and integrity 





SALIHIN has reasonable security policies and procedures in place to protect personal data from unauthorized loss, misuse, alteration, or destruction. Despite SALIHIN’s best efforts, however, security cannot be absolutely guaranteed against all threats. To the best of our ability, access to your personal data is limited to those who have a need to know. Those individuals who have access to the data are required to maintain the confidentiality of such information. We also make reasonable efforts to retain personal data only for so long as the information is necessary to comply with an individual’s request or until that person asks that the information be deleted.



 



Links to other sites 





Please be aware that SALIHIN web sites may contain links to other sites, including sites maintained by other SALIHIN member firms that are not governed by this Privacy Statement but by other privacy statements that may differ somewhat. We encourage users to review the privacy policy of each Web site visited before disclosing any personal data.



 



 Changes to this policy 





SALIHIN may modify this Privacy Statement from time to time to reflect our current privacy practices. When we make changes to this statement, we will revise the “updated” date at the top of this page. We encourage you to periodically review this Privacy Statement to be informed about how SALIHIN is protecting your information.



 



Policy questions and enforcement





SALIHIN is committed to protecting the privacy of your personal data. If you have questions or comments about our administration of your personal data, please contact us at info@salihin.com.my. You may also use this address to communicate any concerns you may have regarding compliance with our Privacy Statement.



 



Throughout this web site, “SALIHIN,” “we,” “our,” and “us” refers to SALIHIN, a firm established under Malaysian law.

Fundamental Courses
 Article





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

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. 



 








 
Salihin : salihin at glance - purpose and value

Fundamental Courses







 
Salihin : salihin at glance - purpose and value

Structured Courses







 
Salihin : salihin at glance - purpose and value

Fast Track Courses







 
Salihin : salihin at glance - purpose and value

KL Summer School









 
Salihin : salihin at glance - Salihin commitment

AAOIFI Professional Courses







 
Salihin : salihin at glance - Salihn experience

CIBAFI Professional Courses







 
Salihin : salihin at glance - salihin alumni networks

In-House  or Customised Training







 
Salihin : salihin at glance - salihin corporate responsibility

One-to-one Executive Coaching












 



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. 



MFRS 16 Lease Accounting
 Article


 



 Are you ready to go?



 



In February 2016, the International Accounting Standards Board (IASB) issued its most expected reporting standard on leasing contract. Under its basic concept, a lessee will recognize right-of-use (“ROU”) assets and related lease liabilities on the balance sheet for all leases, except for short-term leases (12 months or less) for which the recognition exemption is elected. The most significant change will be on the balance sheet for lessees. The pattern of expense recognition in the income statement will depend on a lease’s classification.  



 



As of today, there are two types of accounting methods for lessees as stated in MFRS 117 Lease Accounting, depending on the type of lease: finance leases and operating leases. While the former is recorded on the balance sheet because the lease transfers substantially all of the benefits and risks incident to the ownership of property to the lessee, the later stays off the balance sheet and payments by the lessee to the lessor are considered operational expenses. Operating leases are often disclosed only in financial statements. A vast majority of leases today, such as building leases, are operating leases.



 



Meanwhile, starting from the financial year commence from January 2019, the above two lease classifications for lessees will still exist, but the changes in lessee accounting for finance and operating leases based on new standard MFRS16 are summarised as follows:



 
































Financial Statement



Finance Lease



Operating Lease



Balance Sheet



Recognize ROU asset and lease liability at the commencement date of the lease. The lease liability, initially and subsequently, is measured at the present value of the unpaid lease payments. The ROU asset initially is measured at the amount of the lease liability initially recognized, plus initial direct costs and prepaid lease payments, less lease incentives received. The ROU asset is subsequently amortized generally on a straight-line basis.



Recognize ROU asset and lease liability at the commencement date of the lease. The initial and subsequent measurement of the lease liability, and the initial measurement of the ROU asset, are the same as for finance leases. The ROU asset is subsequently amortized in such a way so that the lease cost is recognized on a straight-line basis over the lease term in the income statement (which results in an increase in the periodic amortization of the ROU asset over the lease term).



Income Statement



Recognize interest on the lease liability separately from amortization of the ROU asset



Recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis.



Cash Flows Statement



Classify repayments of the principal portion of the lease liability within financing activities and payments of interest on the lease liability and variable lease payments within operating activities.



Classify all cash payments for leases within operating activities.



 







How can SALIHIN be of help?




  • We bring the knowledge and experience gained from working on the financial reporting services to help client navigate the bottlenecks of transiting from MFRS117 to MFRS16.

  • We advise on appropriateness of accounting policy based on MFRS 16; and

  • Our professionals provide advice on the reclassification and measurement of existing lease contract.



 



Speak to us today



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



More






20-21 FEBRUARY 2018



More






6-7 MARCH 2018



More






11-12 APRIL 2018



More








8-9 MAY 2018



More






12 JUNE 2018



More






12 JULY 2018



More






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



 






alt text

Conferences & Seminars


 




alt text

Event Management


 






alt text

 




alt text

 



Big Four, Audit Quality and Corporate Failure
 Article

Achieving a high standard of audit quality builds trust and confidence in the audit profession.



 



The quality of audit engagement has been a great concern among various stakeholders in recent past. Regulators, standard setters, profession bodies have been putting in place difference frameworks from one time to the other in ensuring the achievement of audit quality. For instance, ISQC1 has gone through difference updates and IAASB has issued various international standards on auditing to ensuring the quality of audit. With all these efforts, the global economy is still not immune from number of spectacular business failure, the recent be Carillion, a global construction company.



 



The stories of WorldCom and Enron and their auditor, Arthur Andersen (2001) is still very fresh in our memory; we are still in shocked from Refco and Grant Thornton LLP (2005); Northern Rock and PwC (2008); Parmalat and Grant Thornton and Deloitte Touche Tohmatsu (2004) relationship.



 



Specifically, Parmalat, the Italian food and dairy company, sued its two former auditing firms, saying that they should have detected the fraud that caused the collapse of Parmalat earlier in the year. The company contended that two partners of Grant Thornton's Italian arm were involved in the fraud, and that Deloitte Touche Tohmatsu failed to follow proper auditing procedures that would have uncovered the fraud far earlier than it was found.



 



Looking at all these celebrated corporate failures, it could be concluded that most of auditors are big four. Could we then conclude that big four synonymous to corporate failure? Disturbed by the trend of the events, the quality of service by the so call big four has been put into question. Thus, political office holder such as parliamentarians have renewed the calls for an overhaul of the audit industry in their jurisdictions. Also, some concerned authorities have lunched enquiries into role of big four in domination of audit services. For instance, the competition authority in Britain launched an investigation into whether the dominance of the big four accountancy firms is driving down auditing standards due recent collapsed of Carillion.



 



The oligopoly nature of big four has been equally be questioned as KPMG chair calls Big Four an ‘oligopoly’ after Carillion collapse just as British MPs have demanded the UK's big four accountancy firms be referred to competition authorities for potential break-up following the collapse of government contractor Carillion, calling them a "cosy club incapable of providing the degree of independent challenge needed"



 



The recommendation by members of two powerful parliamentary committees was contained in a damning 100-page report on Carillion's failure, which also accused the government, regulators and Carillion board members of failing in their responsibilities, often because they acted "entirely in line with their own personal incentives.



 



The joint selects committee’s claims of auditor failings in its report on the collapse of Carillion marks a ‘watershed’ for the accountancy profession according to the head of the ICAEW, with the Big Four firms also acknowledging that the statutory audit market needs reform. Although Deloitte was Carillion's sole internal auditor, all three of the other big four did work for the group, with KPMG serving as external auditor, EY providing turn round advice and PwC advising the company, its pension schemes and the government.



 



The report called on the government to refer KPMG, EY, PwC and Deloitte to the Competition and Markets Authority for potential break-up, or splitting the firms' audit functions from non-audit services. Meanwhile, KPMG is already under investigation by the UK's accountancy regulator for its role. The above left us with question: can the world of accountancy ever produce quality audit and free from corporate failure with the dominance of big four?



 



 



 

Enterprise Risk Management
 Article

 



Risk within an enterprise can come from various sources. By implementing an enterprise risk management (ERM) framework, organization can reduce the likelihood of unexpected disruptive business events in their environment.  By focusing resources on critical areas of your operations, we at SALIHIN will help you to identify control deficiencies and other threats to your business goals and remediate the problems. 



 





Risk Management Process


risk management process


Our offering covers:



  • Organizational risk tolerance and risk management objectives

  • Organizational governance and control structures

  • Risk management policy and procedures

  • Audit risk management programs

  • Best practices to resource-constrained public entities

  • Trading and hedging strategies

  • Selecting & implementing risk information systems

  • Best practice risk gap analysis

  • Risk modeling

  • Real options modeling

  • Decision analysis modeling

  • Custom analytics

  • Hedge and portfolio optimization

  • Trader coaching

  • Corporate training



Integrated Reporting Services
 Article

 



The economy is facing a new value paradigm. These changes, however, are not reflected in the way we measure or report value. Traditional corporate reporting models have failed to adapt to an uncertain economy and account for the increase in intangible assets. Traditional metrics for measuring value and economic progress no longer provide a complete picture.





Responding to these challenges, through integrated reporting (IR) in which financial statements serve as concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term, become paramount.





An integrated report benefits all stakeholders interested in an organization’s ability to create value over time, including employees, customers, suppliers, business partners, local communities, legislators, regulators and policy-makers.



 



So, where do you begin?



 



To begin with companies need to generate relevant and reliable financial and non-financial information with an objective way of measuring their progress towards more integrated reporting and integrate the business activities with value creation processes.



 



Important questions...




  • Would I invest in my company or choose to work for it based on what is presented externally?

  • Is the market value of my company a fair reflection of the business?

  • Are we telling a consistent story to all of our stakeholders? 



 



How can SALIHIN be of help?



As Malaysian firms have been slow to adopt integrated reporting, Salihin consulting aspires to leverage our great expertise in integrated reporting to bring significant insights that are most valuable to your business.



 



Services offering



Our specialists can help you at each step of your integrated reporting journey. Specifically, we can service in all the six areas of integrated as follows:





































 



Organisational overview and the external environment


 

  • Establish vision, strategy and goals as per integrated reporting

  • Design systematic framework to assist in identifying your major stakeholders

  • Engage with your internal and external stakeholders to highlight what they want and identify current gaps Service offerings

  • Facilitate workshop for stakeholder engagement process



 



Opportunities and risks


 

  • Set up reporting framework to identify risks and opportunities

  • Advise on enterprise risk management 

  • Process and risk mapping facilitation



 



Strategy and resource allocation


 

  • Measuring your total impact along your value chain to identify risks and demonstrate contribution across economic, social and environmental dimensions



 



Business model


 

  • Establish a comprehensive business value chain 

  • Set up system to measure, value and track performance targets

  • Design your internal and external integrated reporting



 



Governance


 

  • Assistance with designing and development of combined assurance Approach

  • Internal Audit based control reviews



 



Future outlook


 

  • Develop a blueprint for the future, reflecting risks and opportunities across the value chain

  • Assurance on process and assumptions leading to forward looking statements








Our competences and capabilities



 



Expertise and thought leadership




  • Our practitioners are recognised expertise in the industry with requisite experience in financial and non-financial reporting skill in areas such as financial capital, human capital, social capital, intellectual capital.



 



External engagement and collaboration 




  • SALIHIN demonstrate her commitment to integrating reporting through active participation in various initiatives with various national regulatory authorities and professional association like Bursa Malaysia Securities, MIA, MAFA, ACCA, and CPA Australia. 



 



Credentials 




  • SALIHIN has extensive technical expertise and experience in both Advisory and Assurance delivering engagements across our portfolio of integrated reporting offerings. 



 



Inter-functional synergies 




  • SALIHIN has dynamic model that enables leveraging of synergies across our functions of risk advisory services, tax, audit, IT consulting, Sharia and financial advisory services to bring most value to clients.



 



Tools and methodologies 




  • SALIHIN possesses dynamic set of methodologies and tools that are deployed to deliver successful outcomes on client projects. 








 



Speak to us today



 




Sustainability Reporting: A Snap look!
 Article


The sphere of economy has been characterised by capitalism where the soul aim of business is“business”.


The feature of this phase of economy as be the of use of labour has machinery, little or no consideration for immediate environment as business believe that the only responsibility it has is to pay taxes and government is responsible with the “rest”.  Hence, the financial reports are prepared based on a set of guidelines and rules (GAAP) to showcase the financial performance and return to the owners.




Salihin meeting table





Salihin growth tree


Growing by the understanding that corporate organisations are responsible to wide range of stakeholders, especially the general public, the concept of sustainability was coined.  As defined by the World Commission on Environment and Development (1992), it is “a development that meets the needs of the present without compromising the ability of future generations to meet their own needs."  In essence sustainable development is about five key principles: quality of life; fairness and equity; participation and partnership; care for our environment and respect for ecological constraints - recognising there are 'environmental limits'; and thought for the future and the precautionary principle".


Sustainability was basically built on three pillars namely economic, social and environments.







Environmental Sustainability

Ecological integrity is maintained, all of earth’s environmental systems are kept in balance while natural resources within them are consumed by humans at a rate where they are able to replenish themselves.


 


Economic Sustainability


Human communities across the globe are able to maintain their independence and have access to the resources that they require, financial and other, to meet their needs. Economic systems are intact and activities are available to everyone, such as secure sources of livelihood.


Salihin sustainability relationship chart





Universal human rights and basic necessities are attainable by all people, who have access to enough resources in order to keep their families and communities healthy and secure. Healthy communities have just leaders who ensure personal, labour and cultural rights




Salihin quotes on future generations need


are respected and all people are protected from discrimination. The concept was well accepted by the organisations from global north and south, especially the ethical once. It cut across all the disciplines such as engineering, economic, finance, human resource, and accounting







We cannot just add sustainable development to our current list of things to do but must learn to integrate the concepts into everything that we do." [i]








From accounting point of view, the incorporation of sustainable effort of corporate entities in the financial statements is the main concern. In order to achieve this, a new format of account, sustainability report, was developed. A sustainability report is a report published by a company or organization about the economic, environmental and social impacts caused by its everyday activities. A sustainability report also presents the organization's values and governance model, and demonstrates the link between its strategy and its commitment to a sustainable global economy.




Salihin accounting





Sustainability reporting is a systematic presentation of financial and non-financial data in order to compare the present with past and progress concerning the predetermined yardsticks. While financial information is majorly drawn on the firm’s financial accounting system in line the enabling financial reporting standards and framework, non-financial information means that it is not presented in monetary terms and is not based on an accounting standard. Though, non-financial information can be both quantitative, such as tons (or units) of greenhouse gas, or qualitative, such as governance processes, the reputation of an organization or the organization’s impact on the state of biodiversity.


“The importance of sustainability now goes far beyond environmental issues, as the need to behave responsibly becomes a key aspect of strategy and operations.” [ii]


As a result, for sustainability to be measurable and reportable, performance indicators need to be developed and consistently adhered to by the respected organisations.  For sustainability reporting to be meaningful, it needs to be connected to the strategy of an organization.  Therefore, the indicators need to be relevant for the organization. Few of the important elements of sustainability reporting compared with financial reporting are presented in Table 1





























































Financial reporting viewpoint Sustainability reporting viewpoint
Time-scale Backward looking Forward looking
Basic Accounting standards No standards
Focus Issues that organisation directly controls Wider sustainability impacts
Economic view Material Non-tangible
Data Financial Non-financial
Materiality Financial importance All relevant information to readers
Users Shareholders and investors Known and unknown stakeholders










Sustainability reporting has taken many different forms. There are stand-alone reports that can be published annually or biannually. Alternatively, sustainability reporting can happen via a suite of reports that are also published online. Although currently it is most common for organizations to publish environmental or social information in separate reports, there are also approaches that combine them with the annual financial report . Sustainability reporting can be considered as synonymous with other terms for non-financial reporting; triple bottom line reporting, corporate social responsibility (CSR) reporting, and more. It is also an intrinsic element of integrated reporting; a more recent development that combines the analysis of financial and non-financial performance.





Significance of Sustainability Reporting





Financial performance





The advocators of sustainability reporting contended that disclosure offers reporting companies a wide spectrum of intangible benefits, such as employee loyalty and consumer reputation which could improve the financial performance of firms directly or indirectly.





Building trust 





Transparency about non-financial performance can help to reduce reputational risks, open up dialogue with stakeholders such as customers, communities and investors, and demonstrate leadership, openness and accountability. 





Improved processes and systems 





Internal management and decision-making processes can be examined and improved, leading to cost reductions by measuring and monitoring such issues as energy consumption, materials use, and waste. 





Progressing vision and strategy 





Comprehensive analysis of strengths and weaknesses, and the engagement with stakeholders that is necessary for sustainability reporting, can lead to more robust and wide-ranging organizational visions and strategies. Importantly, companies can make sustainability an integral part of their strategies. 





Reducing compliance costs





Measuring sustainability performance can help companies to meet regulatory requirements effectively, avoid costly breaches, and gather necessary data in a more efficient and cost-effective way. 





Competitive advantage 





Companies seen as leaders and innovators can be in a stronger bargaining position when it comes to attracting investment, initiating new activities, entering new markets, and negotiating contracts.



 



 






[i] Bruntland Report for the World Commission on Environment and Development (1992)



[ii] The Dorset Education for Sustainability Network



[iii] PWC



[iv] Eccles & Krzus (2010).



Financial Reporting Standards Services
 Article

 



The globalisation of capital markets and quest for improved foreign direct investments have enhanced harmonisation of financial reporting standards across the world. Hence, on 1 August 2008, the FRF and MASB announced their plan to bring Malaysia to full convergence with International Financial Reporting Standards (IFRSs) by 1 January 2012 as the changeover from Financial Reporting Standards (FRSs) to Malaysian Financial Reporting Standards (MFRSs), equivalent to IFRSs will help place Malaysian businesses on a level playing field with its international counterparts.



The challenge is to keep updated with the changes and new standards that are being released on a regular basis as successful MFRS compliance requires efficient systems and hands-on advisory.  Responding to these challenges will take productive time and efforts to be utilised in your core business activities.



 



How can SALIHIN be of help?



 



SALIHIN's dedicated professionals leverage on years of experience of IFRSs to provide standardized reporting services, as well as the industry’s highest levels of insight and technical knowledge.



 



Services offering



 



Our IFRS specialists can assist you navigate the complexity of the Standards so you can focus your time and effort on running your business. SALIHIN provides services in the following areas:





  • Reporting and Compliance




  • Designing financial reporting system based on MFRSs




  • Advising on accounting polices based on MFRSs framework




  • Conducting staff training on MFRSs at your convenience





 



Our competences and capabilities



 



Expertise and thought leadership





  • Our practitioners are recognised expertise in the industry with requisite experience in financial and non-financial reporting skill in areas such as financial capital, human capital, social capital, intellectual capital.





 



External engagement and collaboration





  • SALIHIN demonstrate her commitment to integrating reporting through active participation in various initiatives with various national regulatory authorities and professional association like Bursa Malaysia Securities, MIA, MAFA, ACCA, and CPA Australia.





 



Credentials





  • SALIHIN has extensive technical expertise and experience in both Advisory and Assurance delivering engagements across our portfolio of integrated reporting offerings.





 



Inter-functional synergies





  • SALIHIN has dynamic model that enables leveraging of synergies across our functions of risk advisory services, tax, audit, IT consulting, Sharia and financial advisory services to bring most value to clients





 



Tools and methodologies





  • SALIHIN possesses dynamic set of methodologies and tools that are deployed to deliver successful outcomes on client projects.



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



Shariah Financial Transaction in Islamic Banking


 

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


 

25-26 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


   

15 - 19 July 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

SALIHIN Premier Solutions (SPS) Accounting Software is driving a new development in the role of the corporate accountant
 Article

In this new era of globalization and technology, software savvy is now among the most marketable job skills a professional accountant can possess. As what has been said by Sarah Perrin in AB Magazine, “technology will support more real-time reporting and analysis, as well as a transition from retrospective to predictive analysis”. Thus, from that connotation, it can be predicted that by time, software is changing the role of tomorrow’s accountants. To keep up with the changes, there are number of things every future accountant should know about how software is affecting their profession.



Therefore, SALIHIN-UMT Teaching Accountancy Firm (TAF) has conducted training on accounting software namely SALIHIN Premier Solutions (SPS). This training is aimed to produce  highly qualified students with vast knowledge in accounting software targeting accounting students of Faculty of Business and Management in Universiti Malaysia Terengganu (UMT) and also Universiti Sultan Zainal Abidin (UniSZA).



Beyond core accounting modules such as the general ledger, accounts payable, and accounts receivable, SPS functionality exists for bank reconciliations, cash management, financial statement compilation, asset depreciation, and beyond. With experienced consultants in area of accounting, taxation and IT, the students are equipped with necessary skills in exploring how accountants work and experience real data with real assessment. Upon completion of this training with passing marks in the assessment given, a certificate of completion is given to the students.The two-days training has yield a professional student that is industry-ready and efficient in accounting skills.

Life at SALIHIN
 Article

Employee first, Customer second!



 



Our growth is meaningless without the development and advancement of our people. We give priority and pay paramount attention to the welfare and wellbeing of our employees. We pride ourselves with the understanding that a happy and satisfied employee will go extra extra mile to surpass the needs of our client each and every day. We depart from the conviction that “customer first” to “employee first, customer second”.



 



SALIHIN does not see its people mechanistically working without play. We provide a stable work environment for a rewarding career growth. We work and we play to have fun. Life at SALIHIN takes care of the economic, physical, spiritual, emotional, physiological and psychological wellbeing of the employees through various initiatives, incentives and recreational activities.



 



Our Sports and Recreational Club (SRC) offers opportunity for collective activities to foster harmonious yet cordial relationship amongst the employees and their families at large. We are committed to ensuring the same concern, respect, and caring attitude within and outside the organisation.



 



Celebrating diversity, we build an all-inclusive culture ranging from thoughts to diverse cultural orientations. SALIHIN appreciates multiple perspectives and encourages diverse expertise to surface from anywhere within the firm. We promote mutual respect, tolerance and teamwork coupled with equal opportunity for learning and personal growth.

Right Brain, Right Skill and Right Attitude Are Our Essentials
 Article

At SALIHIN, we seek for people who are inspiring, talented, dedicated and passionate to work with like-minded people to deliver value. We are what we are today because of our people with the right brain, right skill and the right attitude. Our working atmosphere people are treated with respect and giving a helping hand to one another to succeed.



At SALIHIN, we offer responsibility not a job because it is the responsibility that will contribute directly to the success of SALIHIN and our clients. It is also a responsibility guided by Islamic accountability to Allah and consistent perfection in whatever we do.



Working at SALIHIN comes with endless opportunities to grow your career. As one of the fast growing accountancy firms in Malaysia, we welcome talents, capabilities, and expertise with strong leadership qualities, flexible and dynamic, self-initiators, positive attitude to change and able to work with diverse team of professionals.



Looking for a vibrant and dynamic environment to contribute value while advancing your career above the limit of the sky?. Whether you are intern, fresh graduate or experienced we have a responsibility for you with an attractive compensation package. Learn more about all the responsibilities within SALIHIN to see how your capabilities can help us grow and where you can develop your career.



 

World's 1st Initiative in the accountancy fraternity Bridging the gap between theory and practice.
 Article

The TAF is the unique hallmark of SALIHIN's innovative practical solution to address the unmet needs and challenges commonly faced by the nation, the industry and the academia in nurturing and producing industry-ready graduates.



It  is the accountancy world's first initiative in the accountancy profession. It fosters a collaboration between SALIHIN and Universities aimed at providing a unique and advanced learning and training field for both accounting lecturers and students. It bridges the gap between theory and professional practice aimed at producing a world-class industry-ready and entrepreneurial accountants.



TAF provides avenue for students to be directly involved in the actual working environment within the university and to apply knowledge which has been learnt in the class; enhances quality of accounting graduates with necessary technical and soft skills in accountancy as deemed relevant, primarily involving accounting standards and applicable laws; and serves a platform for academicians to empower their knowledge with the latest development of the accountancy profession's practices.




"TAF brings corporate culture in university"



- Minister





 "Enhancing quality of Accounting graduates with technical competencies in line with Malaysian Education Development Plan 2015-2025"



- Vice Chancellor




Presently, SALIHIN-UMT TAF is in operation and is jointly managed by both SALIHIN and University Malaysia Terengganu (UMT).  SALIHIN-UniKL TAF has been soft-launched while other universities are in the pipeline.

Governance and Compliance
 Article

Our corporate governance and compliance assessment business aims to assist the organizations to improve their corporate governance framework that delivers effective stewardship and management.



At  SALIHIN, we go a step further than just ensuring the organisations complies with regulations. We provide a personalized service to our clients whenever necessary. Compliance with the current corporate governance practices and regulations can often be overwhelming but it is essential. We assist the organizations by determining and improving their current practices according to Malaysian Code of Corporate Governance. 



SALIHIN’s dedicated team is experienced in all aspects of these matters, including:




  • Corporate Governance Advisory

    • Board Effectiveness Assessment

    • Governance Effectiveness Review

    • Corporate Social Responsibility

    • Compliance Assessment



  • Sarbanes-Oxley S404 and J-SOX Compliance

    • Internal Policy and Procedures Compliance

    • Compliance Function Design

    • Foreign Corrupt Practices Act



  • Business Continuity Management

    • We assist organisations to strengthen their ability to continue business and operations in the event of disastrous incidences



  • Strategic Planning

    • Formulating robust and realistic organisational vision and missions

    • Setting and reviewing strategic direction

    • Realigning of organisational structure, policies and processes

    • Implementing key performance indicators





 

Governance and Compliance
 Article


Our corporate governance and compliance assessment business aims to assist the organizations to improve their corporate governance framework that delivers effective stewardship and management.


 


At  SALIHIN, we go a step further than just ensuring the organisations complies with regulations. We provide a personalized service to our clients whenever necessary. Compliance with the current corporate governance practices and regulations can often be overwhelming but it is essential. We assist the organizations by determining and improving their current practices according to Malaysian Code of Corporate Governance. 




Salihin corporate governance and compliance assessment business aims




SALIHIN’s dedicated team is experienced in all aspects of these matters, including:






Corporate Governance Advisory



  • Board Effectiveness Assessment

  • Governance Effectiveness Review

  • Corporate Social Responsibility




Compliance Assessment



  • Sarbanes-Oxley S404 and J-SOX Compliance

  • Internal Policy and Procedures Compliance

  • Compliance Function Design

  • Foreign Corrupt Practices Act






Business Continuity Management



  • We assist organisations to strengthen their ability to continue business and operations in the event of disastrous incidences




Strategic Planning



  • Formulating robust and realistic organisational vision and missions

  • Setting and reviewing strategic direction

  • Realigning of organisational structure, policies and processes

  • Implementing key performance indicators



Governance Framework
 Article

We assess and audit your existing governance structure to develop charters, policies, procedures and implement effective corporate governance frameworks to ensure effective compliance. Whether large or small, listed or non-listed company.



SBM can help in the form of,




  • Establishing effective governance framework according to the Malaysian Code on Corporate Governance and other best practices.

  • Providing advice on sc listing rules, companies act 1965 and other relevant capital market requirements.

  • Drafting governance charters, policies and statements.

  • Advising and formation of relevant board committees with their terms of reference.

  • Drafting director appointment letters and advising on appointment processes.

  • Conducting board assessment reviews.

  • Providing governance training to board and key management, etc.



 

A Balanced Working Culture For a Balanced Life
 Article

 



SALIHIN is defined by its people. The people are its core business. It exists to serve and take care of its people. Its growth is meaningless without the development and advancement of its people. SALIHIN gives priority and pay paramount attention to the welfare and wellbeing of its employees. At SALIHIN, We pride ourselves with the understanding that a happy and satisfied employee will go extra extra mile to surpass the needs of our client each and every day. We depart from the conviction that “customer first” to “employee first, customer second”.



 



We do not see our people mechanistically working without play. We work harder and play harder. We provide a stable work environment for a rewarding career growth. We work and we play to have fun. Life at SALIHIN takes care of the economic, physical, spiritual, emotional, physiological and psychological wellbeing of the employees through various initiatives, incentives and recreational activities.



 



Our Sports and Recreational Club (SRC) offers opportunity for collective activities to foster harmonious yet cordial relationship amongst the employees and their families at large. We are committed to ensuring the same concern, respect, and caring attitude within and outside the organisation.



 



Celebrating diversity, we build an all-inclusive culture ranging from thoughts to diverse cultural orientations. SALIHIN appreciates multiple perspectives and encourages diverse expertise to surface from anywhere within the firm. We promote mutual respect, tolerance and teamwork coupled with equal opportunity for learning and personal growth.

Insight and Research

Transfer Pricing (TP) Compliance

Reporting Accountant and IPO Advisory

Shariah Advisory & Consultancy

MIA Appoints Salihin Abang As New President