About the Programme

The module is to engage the participants in critical areas in Shariah risk management in IFIs. The module highlights the significance of Shariah risk management in IFIs, within the Shariah risk management framework. The participants will be trained on Shariah risk identification and how to manage the identified risk.

Learning Outcomes

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

• Analyse the framework and the processes of Shariah risk management
• Differentiate internal control measures in mitigating Shariah risk
• Perform Shariah non-compliance reporting and identify rectification strategies for the highlighted risks.

Learning Topics

• Topic 1: Significance of Shariah Risk Management and its Framework
• Topic 2: Shariah Risk Management Processes and Tools
• Topic 3: Internal Control & Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework in Shariah Risk Management
• Topic 4: Requirements of Shariah Non-Compliance Reporting