AAOIFI
Certificate of Proficiency in Shari'ah Standards (CPSS)
CPSS at a Glance
| Aspect | Details |
|---|---|
| Launch Year | 2023 |
| No. of Shari’ah Standards Covered | 59 |
| Self-Study | Minimum 250 hours |
| Module Examination | 1 |
| Registration & Examination Centers | 65+ 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
Curriculum
CPSS Certificate
Fee and Discount
Examinations
| 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 |
Curriculum
| 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
| CPSS Certificate | |
|---|---|
| To obtain the CPSS certificate, candidates must pass one examination | |
| Requirements | Successful 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 | |
Fee and Discount
| Fees & Discounts | Details |
|---|---|
| Program Fees | USD 750 (includes):
|
| TAIF Group Discount | Register with TAIF Learning Or contact: contact@taiflearning.com |
First Time Applicants
Re-appearing Applicant
First Time Applicants
Re-appearing Applicant
Training and Awareness of Islamic Finance.
contact@taiflearning.com
+971543739331