Welcome to a groundbreaking journey into the realm of Shariah Audit for Islamic Financial Institutions. This course is designed to arm you with comprehensive knowledge and practical skills in the dynamic field of Shariah auditing, a critical pillar of the Islamic finance industry.
This course offers a deep dive into the principles and practices of both internal and external Shariah auditing. You will learn about the role and types of auditing, audit evidence and investigation, and various audit procedures, alongside understanding the crucial aspects of audit planning and strategy.
Key to this course is the understanding of the Shariah Governance Framework, guided by the principles set out by the Islamic Financial Services Board (IFSB). We will explore the intricate roles of Boards of Directors and Shariah Boards in ensuring compliance, delve into the operations of management and Shariah departments within Islamic Financial Institutions (IFIs), and tackle issues surrounding Shariah risk management.
A significant portion of the course is dedicated to the nuances of internal Shariah audit, covering its roles, objectives, governance mechanisms, and challenges. Similarly, we will examine the external Shariah audit, focusing on standards set by AAOIFI, auditor independence, and the unique challenges in this arena.
- Gain a comprehensive understanding of Shariah auditing practices.
- Analyse the Shariah governance framework within IFIs.
- Develop skills in assessing and implementing effective Shariah audit strategies.
- Understand the ethical and professional conduct essential for Shariah auditors.
We will also delve into the practical aspects of Shariah auditing, including audit programs, findings, reports, and the impact assessment of Shariah non-compliance. An understanding of the Code of Ethics for Shariah Auditors will conclude our comprehensive curriculum.
This course is an opportunity for both newcomers and experienced professionals to deepen their understanding and enhance their skills in a critical area of Islamic finance. We are excited to guide you through this enriching learning experience.