AAOIFI 2017-04-03T08:23:03+00:00

We are pleased to announce that ISFA is now officially being authorized as a one-stop exam centre for Asia continent to facilitate the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) exam.

This feature allows candidate to register and sit for the Certified Sharia Adviser and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA) issued and accredited by AAOIFI at ISFA.

Please read the following FAQ to sign up for the services:

Q: How do I register for an exam?
1. To register for CSAA or CIPA exam, please download and complete the following form.

  1. CSAA registration form
  2. CIPA registration form

2. Submit the complete registration form and copy of bank-in remittance slip to our email: info@isfaacademy.com

Q: When is the exam held?
Next examination dates are:

  • 24 May 2017 
  • 25 October 2017

Q: Where is the exam held?

ISFA ACADEMY

Altunizade Mah. Prof. Dr. Fahrettin Kerim Gökay Cad. Okul Sk.
Altunizade Sitesi A Blok No:1 Kat:4 Daire:17
34662 Altunizade / Üsküdar / İstanbul

Tel: +90 (216) 325 05 71 / +90 (216) 325 05 81
Mail: info@isfaacademy.com

Q: How much does the exam cost?
All subsequent fees shall be paid upon registration for each exam.
USD 1,200 Program Registration fees + Study packages + Examination fees
USD 200 Exam retake fee

Q: What is the Substitutions and Refund Policy?
The program registration fee is not refundable, after 30 days from the date of registration. A USD 50 processing fee will be subtracted from the refund.

Q: How is the process?
Stage 1
All correct and complete required documents and information submitted to ISFA will be given confirmation of registration and payment receipt within 30 days from the date of registration. Deadline for registration is two weeks before the exam dates.

Stage 2
Results will be issued to candidates not later than 60 days after the exam. Results sent either directly from AAOIFI or from ISFA to the candidate.

Stage 3
Unsuccessful candidates may resit for the exam
Q: Can I take multiple exams at once?
Candidates may take only one exam at a sitting.

Q: Can I change the exam centre I was assigned to?
Yes, You may change exam locations 2 weeks before the exam date.

Q: Can I reschedule my exam?
No, and fees are not refundable after the exam appointment has been set.

Q: Is a candidate entitled to the benefit of AAOIFI membership?
AAOIFI’s membership is granted automatically for one year after passing the exam. Candidates who pass their examinations are subject to annual professional fees of USD 100. The annual professional fees of USD 100.00 also entitle candidate to:-

  • Invitation to take part in public hearings of AAOIFI standards and contribute towards standards development.
  • Preferential rates for purchase of AAOIFI standards and other publications.
  • Preferential rates for registration to attend AAOIFI conferences.
  • Regular updates on AAOIFI activities and newsletters.

Failure to settle the annual professional fees of USD 100.00 will result in your name being removed from the list. In such cases, you will only be readmitted to the list if you pay all relevant fees again.

Q: Can I register for the exam without getting the study material?
No, unfortunately study material is part of the registration process.

Q: When and how can I get the study material?
After you fill up the registration form, send it to ISFA, and pay the registration fees, you will be considered as a registered in the course. You can then get the study material or receive it by an arrangement with AAOIFI.
For further detailed information about the registration process, please go to the following websites to download the application form and other necessary information.
www.aaoifi.com