Introduction
Shariah governance and audit are considered core components of good governance and internal control systems in Shariah based Public Listed Companies (PLCs). Objectives of Shariah governance and audit differ from corporate governance and internal audit in Shariah based PLCs. Currently only Islamic Financial Institutions (IFIs) listed in the stock exchange must comply with Shariah principles in their business activities, operations, transactions and offering of financial products to their customers. They are governed by Shariah governance policy issued by Bank Negara Malaysia (BNM). This practice differs among Muslim countries and other jurisdictions. PLCs should also adhere to Shariah governance practices Shariah audit to ensure their activities are fully Shariah compliant.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Fundamentals of Shariah Governance
- Principles of Shariah governance.
- The role of Shariah governance in public listed companies (PLCs).
- Key Concepts in Shariah Governance.
- Roles and responsibilities of Shariah committees.
- Integration of Shariah governance into corporate governance.
Shariah Governance and Audit Framework
- Shariah Governance Framework (AAOIFI).
- Shariah Governance Policy (SGP).
- International Professional Practices Framework (IPPF).
- COSO Framework.
- AAOIFI Guideline.
Shariah Audit Essentials
- Introduction to Shariah Audit.
- Objectives and scope of Shariah audits in PLCs.
- Shariah Audit Planning and Execution.
- Audit objectives and scope.
- Preparing audit plans.
Shariah Audit Planning
- Components of Planning Shariah audit process.
- Shariah audit program for governance.
- Shariah audit program for Financial statement.
- Shariah audit program for Human Resource and marketing.
Reporting in Shariah Governance
- Components of a comprehensive audit report.
- Shariah Governance and Audit Reporting.
- Reporting lines and responsibilities.
- Communicating findings to the Shariah committee.
- Case Study on Shariah Governance Issues.
By the end of this course, participants will be able to:
- Understand the importance of Shariah governance and Shariah audit in PLCs.
- Describe the key concepts and process in Shariah governance and auditing.
- Explain Shariah audit process, planning and execution.
- Identify Shariah governance compliance risks in IFIs.
- Learn how to design Shariah audit programs.
- Prepare Shariah governance and audit report.
- Raise their level of everyday work performance and professionalism.
This course is ideal for:
- Compliance Officers
- Shariah Auditors.
- Internal Auditors.
- Risk Management Officers.
- Legal Advisors in Islamic finance.
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 26/05/2025 | 09/06/2025 | 23/06/2025 | 07/07/2025 |
| 21/07/2025 | 04/08/2025 | 18/08/2025 | 01/09/2025 |
| 15/09/2025 | 29/09/2025 | 13/10/2025 | 27/10/2025 |
| 10/11/2025 | 24/11/2025 | 08/12/2025 | 22/12/2025 |
| 05/01/2026 | 19/01/2026 | 02/02/2026 | 16/02/2026 |
This course will take place in Singapore on the following dates:
| 19/05/2025 | 09/06/2025 | 30/06/2025 | 21/07/2025 |
| 11/08/2025 | 01/09/2025 | 22/09/2025 | 13/10/2025 |
| 03/11/2025 | 15/12/2025 | 05/01/2026 | 26/01/2026 |
| 16/02/2026 |
This course will take place in Amsterdam on the following dates:
| 26/05/2025 | 16/06/2025 | 07/07/2025 | 28/07/2025 |
| 18/08/2025 | 08/09/2025 | 29/09/2025 | 20/10/2025 |
| 10/11/2025 | 01/12/2025 | 22/12/2025 | 12/01/2026 |
| 02/02/2026 | 23/02/2026 |
This course will take place Online the following dates:
| 20/05/2025 | 17/06/2025 | 15/07/2025 | 12/08/2025 |
| 09/09/2025 | 07/10/2025 | 04/11/2025 | 02/12/2025 |
| 30/12/2025 | 27/01/2026 | 24/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
