Professional Certificate in Shariah Audit & Governance (PCSAG)

About Course

The certificate course is designed to equip candidates with the requisite technical understanding and professional skills in Shariah compliance audit and review processes for the Islamic banking and finance industry. This course will offer an overview of the Shariah framework for Islamic Banking in Bangladesh and other major countries.

Title	Details
Frequency	Once a week
Methods	Lecture, Group Discussion, Self-reflection, and Case Study
Class Type	On Campus and online (Hybrid mode)
Evaluation Method	Quiz, Mock test, Presentation, Creative Assignments, Final exam
Course instructor	Dr Md. Golzare Nabi, Md. Atiqur Rahman Khan Khadem, CERM, CSAA, Mezbah Uddin Ahmed FCCA, CIPA, CSAA, Abdullah Sharif, A K M Mizanur Rahman

Apply the technical review of banking and financial operations to determine Shariah compliance.
Apply the roles and functions of various Shariah compliance and review processes in Islamic financial institutions.
To apply the relevant control mechanisms in ensuring Shariah compliance in accordance with the applicable standards and requirements.
Comprehend the scope, procedures and potential issues in developing Shariah audit programmes.
Assess and communicate effectively audit results to relevant stakeholders.

Course Content

Module 1: Fundamentals of Shariah for Islamic Finance

Module 1: Fundamentals of Shariah for Islamic Finance
Assist in the application of Shariah in Islamic finance.

Module 2: Fundamentals of Governance and Auditing

Module 3: Accounting and Reporting for Islamic Financial Transactions

Module 4: Shariah Risk Management and Internal Control

Module 5: Shariah Audit Planning and Programme

Module 6: Shariah Audit Fieldwork and Communication

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Kamali, H. M (2008). Shariah Law: An Introduction, One World Publications, UK.
Saleem, M. Y. (2012). Islamic Commercial Law. John Wiley & Sons.
Ahmed, A. M. E. T. (2010). Islamic banking: How to manage risk and improve profitability (Vol. 640). John Wiley & Sons.
Perves, M. M. (2015). The legal and regulatory framework the in Islamic banking system: Bangladesh perspective. European Journal of Business and Management, 7(21), 179-188.
Other referred journal articles suggested by Faculties.

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Professional Certificate in Shariah Audit & Governance (PCSAG)

About Course

What Will You Learn?

Course Content

Module 1: Fundamentals of Shariah for Islamic Finance

Module 1: Fundamentals of Shariah for Islamic Finance

Assist in the application of Shariah in Islamic finance.

Module 2: Fundamentals of Governance and Auditing

Provide the basic knowledge to the participants on auditing.

Learning the skills required of an auditor, audit methodologies, sampling considerations, and quality assurance review.

Module 3: Accounting and Reporting for Islamic Financial Transactions

Explain to the participants on accounting and reporting for Islamic Financial transactions.

Exposes the participants to the fundamentals of accounting and reporting for transactions adopted in Islamic banking, takaful, and Islamic capital markets according to IFRS and AAOIFI standards.

Module 4: Shariah Risk Management and Internal Control

Engage the participants on critical areas in Shariah risk management in IFIs.

The module highlights the significance of Shariah risk management in IFIs, within the Shariah risk management framework.

The participants will be trained on Shariah risk identification and how to manage the identified risk.

Module 5: Shariah Audit Planning and Programme

This module discusses the Shariah audit process and program related to the IFIs based on the scope, plan, and processes involved.

The implementation of the Shariah audit program on the operations of the IFIs is thoroughly discussed in the module.

The module highlights the Shariah audit overall process that represents the Islamic banking, Takaful, and Islamic Capital market.

Module 6: Shariah Audit Fieldwork and Communication

This module discusses the Shariah audit fieldwork and communications related to the IFIs.

It describes the methods and principles of performing Shariah audit fieldwork.

The module too, features Shariah audit communication elements to impart the skills to auditors to communicate the audit findings to the management and Board.

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Professional Certificate in Shariah Audit & Governance (PCSAG)

About Course

What Will You Learn?

Course Content

Module 1: Fundamentals of Shariah for Islamic Finance

Module 1: Fundamentals of Shariah for Islamic Finance

Assist in the application of Shariah in Islamic finance.

Module 2: Fundamentals of Governance and Auditing

Provide the basic knowledge to the participants on auditing.

Learning the skills required of an auditor, audit methodologies, sampling considerations, and quality assurance review.

Module 3: Accounting and Reporting for Islamic Financial Transactions

Explain to the participants on accounting and reporting for Islamic Financial transactions.

Exposes the participants to the fundamentals of accounting and reporting for transactions adopted in Islamic banking, takaful, and Islamic capital markets according to IFRS and AAOIFI standards.

Module 4: Shariah Risk Management and Internal Control

Engage the participants on critical areas in Shariah risk management in IFIs.

The module highlights the significance of Shariah risk management in IFIs, within the Shariah risk management framework.

The participants will be trained on Shariah risk identification and how to manage the identified risk.

Module 5: Shariah Audit Planning and Programme

This module discusses the Shariah audit process and program related to the IFIs based on the scope, plan, and processes involved.

The implementation of the Shariah audit program on the operations of the IFIs is thoroughly discussed in the module.

The module highlights the Shariah audit overall process that represents the Islamic banking, Takaful, and Islamic Capital market.

Module 6: Shariah Audit Fieldwork and Communication

This module discusses the Shariah audit fieldwork and communications related to the IFIs.

It describes the methods and principles of performing Shariah audit fieldwork.

The module too, features Shariah audit communication elements to impart the skills to auditors to communicate the audit findings to the management and Board.

Student Ratings & Reviews

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