Present the case for investment in sharia audit and supervision in terms that a finance function will accept.
Sharia Audit and Supervision of Islamic Banks
Develop the judgement and the documentation needed to run sharia audit and supervision properly.
📍 Abu Dhabi🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Regulators no longer accept intent as evidence of control over sharia audit and supervision. Models supporting audit and supervision fail quietly, and usually at the worst moment. It is designed for mixed groups, so that this aspect of financial and banking practice is examined from more than one functional angle. The result is the confidence to make and defend decisions about sharia audit and supervision under scrutiny. Benchmarking exercises repeatedly place the practice within financial and banking practice among the areas with the widest performance spread. The course covers audit and supervision at the level of detail needed to act, and stops there. The method assumes participants will be challenged on their handling of sharia audit and supervision and prepares them for it. The version of audit and supervision described in the manual and the version practised on the floor tend to diverge over time. Work concludes with a self-assessment of the wider financial and banking practice agenda that participants can repeat annually.
Expected Learning Outcomes
Stress test audit and supervision against scenarios that are plausible rather than comfortable.
Structure records of sharia audit and supervision so that they answer the questions an auditor will actually ask.
Validate the assumptions inside any model supporting audit and supervision.
Design reconciliation and settlement controls covering sharia audit and supervision.
Plan the remediation route when a weakness in audit and supervision is identified.
Establish what evidence would demonstrate that sharia audit and supervision is under control.
Who Should Attend
Compliance officers overseeing sharia audit and supervision.
Risk managers assessing the exposure created by audit and supervision.
Finance managers reporting on sharia audit and supervision.
Treasury and asset-liability staff managing audit and supervision.
Analysts producing the data on which decisions about sharia audit and supervision rest.
Operations staff executing and settling audit and supervision.
Course Modules
Sharia audit and supervision: regulatory obligation and supervisory expectation
2 sessions · 8 pointsSession 1Pricing sharia audit and supervision for the risk actually taken
- Prepare the evidence pack demonstrating sharia audit and supervision operated as designed.
- Identify the key controls over audit and supervision and who tests them.
- Anticipate the objections sharia audit and supervision will raise and prepare the answers.
- Build the internal briefing that explains audit and supervision to those affected.
Session 2Closing out audit and supervision and capturing what was learned
- Test sharia audit and supervision against a scenario the organisation would rather not model.
- Establish who is informed, consulted and accountable in audit and supervision.
- Check the accounting treatment applied to sharia audit and supervision against current standards.
- Review concentration by counterparty, sector and geography inside audit and supervision.
Audit and supervision: pricing, profitability and risk-adjusted return
2 sessions · 8 pointsSession 1What a supervisor will ask about audit and supervision, and in what order
- Confirm regulatory reporting on sharia audit and supervision is complete, timely and reconciled.
- Agree the smallest change to audit and supervision that would be visibly useful.
- Confirm segregation of duties across initiation, approval and settlement of sharia audit and supervision.
- Verify reconciliation and settlement controls covering audit and supervision.
Session 2Reviewing audit and supervision when nothing has gone wrong
- Review the pricing of sharia audit and supervision against the risk being assumed.
- Document the remediation plan for each known weakness in audit and supervision.
- Design the exception process for sharia audit and supervision and require a documented rationale.
- Test the procedure for audit and supervision against a realistic scenario.
Audit and supervision: exceptions, breaches and remediation
2 sessions · 8 pointsSession 1The early warning on audit and supervision that arrives in time
- Define acceptance criteria for sharia audit and supervision in advance.
- Agree who signs off audit and supervision and record that they did.
- Review whether sharia audit and supervision is aligned with the objectives of the business line.
- Confirm that those complying with audit and supervision understand why it exists.
Session 2Setting a limit on sharia audit and supervision that will actually be respected
- Identify the data already collected that bears on sharia audit and supervision.
- Record what was learned when audit and supervision did not go as planned.
- Check the legal and contractual exposure created by sharia audit and supervision.
- Plan the sequence in which improvements to audit and supervision will be introduced.
Audit and supervision: the control framework and segregation of duties
2 sessions · 8 pointsSession 1The assumption inside the model for audit and supervision that nobody revisits
- Confirm client due diligence standards applied to sharia audit and supervision are current.
- Map the handovers in audit and supervision between functions and secure them.
- Assess the capital consumed by sharia audit and supervision under current and stressed conditions.
- Check that audit and supervision still works when volumes rise unexpectedly.
Session 2Making audit and supervision work when resources are constrained
- Rank the weaknesses in sharia audit and supervision by consequence rather than by ease of fixing.
- Establish the boundary of audit and supervision and record what sits outside it.
- Draft the minimum viable control framework for sharia audit and supervision.
- State the risk appetite for audit and supervision as a number, not an adjective.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.