AAOIFI

Certificate of Proficiency in Shari'ah Standards (CPSS)

CPSS at a Glance

AspectDetails
Launch Year2023
No. of Shari’ah Standards Covered59
Self-StudyMinimum 250 hours
Module Examination1
Registration & Examination Centers65+ globally

 Program Overview

Certified Professional in Shari’ah Standards (CPSS)
CPSS is an advanced-level certificate program for Islamic finance professionals focusing on developing correct understanding, interpretation, and implementation skills of AAOIFI Shari’ah standards. It emphasizes practical technical knowledge for application at Islamic financial institutions (IFIs) and Islamic finance transactions.
Category Details
Why obtain the CPSS certificate? – Combines powerful learning content with excellent career opportunities
– Develops critical implementation skills for Shari’ah standards
– Enhances professional credibility in Islamic finance
Powerful learning content • Based on AAOIFI standards developed by industry founders and practitioners
• Focuses on understanding, interpreting, and implementing Shari’ah standards requirements
• Develops expertise in applying standards at IFIs and for Islamic finance transactions
Excellent career opportunities • Growing demand from regulators adopting AAOIFI standards
• Backed by AAOIFI’s global recognition in Islamic finance
• Recognized by regulators, IFIs, and professional organizations worldwide
• Validates expertise in Shari’ah standards implementation
Language Currently offered in Arabic and English
2025 Exam Deadlines – April Exam: Register by 12 March 2025
– September Exam: Register by 20 August 2025

Key Notes

  • Focus: Combines Shari’ah principles with practical finance applications.
  • Recognition: Backed by AAOIFI, a leading Islamic finance standards body.
Examinations
The 2025 examination schedule is as follows:
Module Window 1 Window 2 Duration (hrs) Format
CPSS 16 April 2025 24 September 2025 3 Multiple Choice Questions (MCQs) and scenario vignettes
CPSS Curriculum Structure
The CPSS program curriculum covers all AAOIFI Shari’ah standards across nine comprehensive parts
Part/Standards Weightage
Part A: Shari’ah fundamentals of Islamic finance 01 – SS 25 “Combination of Contracts” 02 – SS 29 “Stipulations and Ethics of Fatwa…” 03 – SS 31 “Controls on Gharar…” 04 – SS 42 “Financial Rights…” 05 – SS 47 “Rules for Calculating Profit…” 06 – SS 49 “Unilateral and Bilateral Promise” 10%
Part B: Sale-based contracts 07 – SS 3 “Procrastinating Debtor” 08 – SS 8 “Murabaha” 09 – SS 10 “Salam and Parallel Salam” 10 – SS 11 “Istisna’a and Parallel Istisna’a” 11 – SS 18 “Possession (Qabd)” 12 – SS 30 “Monetization (Tawarruq)” 13 – SS 53 “Arboun (Earnest Money)” 14 – SS 1 “Trading in currencies” 17%
Part C: Lease- and equity-based contracts 15 – SS 9: “Ijarah and Ijarah Muntahia Bittamleek” 16 – SS 12 “Sharika (Musharaka)…” 17 – SS 13 “Mudarabah” 18 – SS 39 “Mortgage…” 19 – SS 40 “Distribution of Profit…” 17%
Part D: Trade finance and agency-based contracts 20 – SS 5 “Guarantees” 21 – SS 14 “Documentary Credit” 22 – SS 23 “Agency” 23 – SS 46 “Al-Wakala Bi Al-Istithmar…” 7%
Part E: Investment-based contracts… 24 – SS 1 “Trading in Currencies” 25 – SS 17 “Investment Sukuk” 26 – SS 21 “Financial Papers…” 27 – SS 27 “Indices” 28 – SS 44 “Obtaining and Deploying Liquidity” 29 – SS 45 “Protection of Capital…” 10%
Part F: Islamic insurance / Takaful 30 – SS 26 “Islamic Insurance” 31 – SS 41 “Islamic Reinsurance” 7%
Part G: Other Shari’ah-compliant contracts… 32 – SS 7 “Hawalah” 33 – SS 15 “Jua’lah” 34 – SS 16 “Commercial Papers” 35 – SS 19 “Loan (Qard)” 36 – SS 20 “Commodities…” 37 – SS 22 “Concession Contracts” 38 – SS 24 “Syndicated Financing” 39 – SS 28 “Banking Services” 40 – SS 34 “Hiring of Persons” 41 – SS 50 “Irrigation Partnership…” 42 – SS 57 “Gold and its Trading…” 43 – SS 58 “Repurchase Agreement” 44 – SS 61 “Payment Cards” 15%
Part H: Termination/revocation of contracts 45 – SS 4 “Settlement of Debt…” 46 – SS 43 “Insolvency” 47 – SS 48 “Options to Terminate…” 48 – SS 51 “Options to Revoke…” 49 – SS 52 “Options to Reconsider…” 50 – SS 54 “Revocation of Contracts…” 5%
Part I: Miscellaneous 51 – SS 6 “Conversion…” 52 – SS 32 “Arbitration” 53 – SS 35 “Zakah” 54 – SS 36 “Impact of Contingent…” 55 – SS 37 “Credit Agreement” 56 – SS 38 “Online Financial Dealings” 57 – SS 55 “Competitions and Prizes” 58 – SS 59 “Sale of Debt” 59 – SS 60 “Waqf” 12%
CPSS Certificate
To obtain the CPSS certificate, candidates must pass one examination
RequirementsSuccessful completion of the CPSS examination
Key Benefits• Publication of candidate’s name on AAOIFI website
• Recognition by IFIs and regulators
• Career advancement opportunities
• Complimentary seats/discounted rates for AAOIFI workshops
• Free online access to AAOIFI standards
* For latest information, visit www.aaoifi.com

Fees & DiscountsDetails
Program FeesUSD 750 (includes):
  • – Registration fee
  • – Study text
  • – Mock exam
  • – Examination sitting
  • – CPSS certificate (Discounted fee does not include certificate postal charges)
TAIF Group Discount
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