A Highly Interactive Training Course On

Sharia Islamic Auditing in IFB Operations: Ensuring Ethical Business Practices

Upholding Transparency and Compliance Through Islamic Sharia-Guided Audit Practices in Islamic Finance

Sharia Islamic Auditing in IFB Operations: Ensuring Ethical Business Practices
Course Schedule

ONLINE

28 Apr-02 May 2025
Online
$3,950
25-29 Aug 2025
Online
$3,950
24-28 Nov 2025
Online
$3,950
Certificate
  • A Coventry Academy e-Certificate for delegates who attend and complete the online training course

Training Overview

Training Overview

Sharia auditing is an essential component of Islamic Finance and Banking (IFB), guaranteeing that all activities, products, and transactions adhere to Sharia principles. It upholds the core values of trust, transparency, and accountability within the ethical structure of Islamic finance. This Sharia Islamic Auditing in IFB Operations: Ensuring Ethical Business Practices online training course equips participants with a thorough understanding of Sharia auditing concepts, practices, and tools to assess and ensure compliance effectively. Additionally, participants will learn how to manage risks, present findings, and enhance Sharia compliance across IFB operations.

What are the goals?

By the end of this online training course, participants will be able to: 

 

  • Understand the principles and scope of Sharia auditing in IFB
  • Develop skills to identify and mitigate Sharia non-compliance risks
  • Learn practical methodologies for conducting effective Sharia audits
  • Gain insights into global standards and frameworks for Sharia governance
  • Enhance the ability to prepare comprehensive Sharia audit reports

Who is this Training Course for?

This online training course is suitable to a wide range of professionals but will greatly benefit:

 

  • Sharia auditors and advisors
  • Compliance officers in Islamic financial institutions
  • Risk managers and internal auditors
  • Professionals involved in IFB operations and governance

How will this Training Course be Presented?

This Sharia Islamic Auditing in IFB Operations online training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

The Course Content

Day One: Foundations of Sharia Auditing
  • Principles and objectives of Sharia in finance
  • Role and importance of Sharia auditing in IFB
  • Overview of IFB operations and Sharia compliance requirements
  • Key responsibilities of Sharia auditors
Day Two: Sharia Governance Frameworks
  • Roles of Sharia boards in IFB institutions
  • Understanding AAOIFI and IFSB standards
  • Governance structures and their impact on Sharia compliance
  • Case studies of effective Sharia governance
Day Three: Auditing Processes and Methodologies
  • Steps in conducting Sharia audits: Planning, execution, and follow-up
  • Tools and techniques for evaluating compliance
  • Identifying and addressing Riba, Gharar, and Maysir in operations
  • Practical examples of Sharia audit processes
Day Four: Mitigating Non-Compliance Risks
  • Common non-compliance issues in IFB operations
  • Strategies for identifying and resolving violations
  • Building robust risk management frameworks
  • Interactive case studies on Sharia non-compliance scenarios
Day Five: Reporting and Continuous Improvement
  • Preparing comprehensive Sharia audit reports
  • Best practices for communicating findings to stakeholders
  • Continuous monitoring and improvement of compliance systems
  • Emerging trends and challenges in Sharia auditing