About the Programme

This module discusses the Shariah audit process and programme related to the IFIs based on scope, plan, and procedures involved. The module also highlights on the Shariah audit overall process applicable in the Islamic banking, Takaful and Islamic capital market.

Learning Outcomes

At the end of the module, learners should be able to:

• Compare the scope, procedures and potential issues in developing Shariah audit programme; and
• Analyse the technical processes involved in Shariah review, Shariah risk and Shariah audit for banking and financial institutions to ensure Shariah compliance.

Learning Topics

• Topic 1: Internal Shariah Audit Process
• Topic 2: External Shariah Audit Process
• Topic 3: Shariah Audit Scope
• Topic 4: Shariah Audit Programmes for Islamic Banking
• Topic 5: Shariah Audit Programmes for Takaful
• Topic 6: Shariah Audit Programmes for Treasury Operations and Liquidity Management
• Topic 7: Shariah Audit Programmes on Compliance, Governance and Financial Statements
• Topic 8: Issues in Shariah Audit Execution