THE ISLAMIC Banking and Finance Institute Malaysia (IBFIM) aims to train 200 auditors annually with the Certified Professional Shariah Auditor (CPSA) programme to cater to the strong demand of Shariah-compliant auditors in Islamic financial institutions (IFIs).
Deputy Finance Minister Datuk Amiruddin Hamzah (picture) said this move was in line with Bank Negara Malaysia’s (BNM) policy document on Shariah governance implementation within IFIs. The policy initiative is expected to take effect from April 1, 2020.
“As Shariah audit is considered a new competency area, the number of qualified Shariah auditors is relatively small. CPSA aims to produce qualified Shariah auditors with integrated knowledge of Shariah, accounting, auditing, risk and governance. Hence, CPSA is specifically developed to bridge the gap,” the minister said at the launch of the CPSA programme in Kuala Lumpur last Friday.