On course for success



Exclusively designed to provide comprehensive and practical knowledge on Islamic Accounting, auditing and governance standard for Islamic Financial Institutions worldwide. Also discuss relevant standards, policies, regulation as well as operations related to the Islamic Accounting and governance in the global context based on the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI) and Islamic Finance Service Board (IFSB) as well as Financial Accounting Financial Board (FAFB). The distinguish course trainers who are widely recognised in the Islamic accounting and finance, will provide delegates an opportunity to discuss and explore the latest development and issues of Islamic Accounting in global market. What are the Shariah and legal issues in Islamic accounting? What are the current developments and trends ahead for the success of Islamic accounting standards in global Islamic financial sectors? All these issues will be covered in this premier workshop.


  •  To provide an overview of Accounting Framework and principles for Islamic Financial Institution
  • To introduce Accounting Techniques and Methods adopted in reporting Islamic Financial Activities
  • To provide platform for discussion on issues relating to accounting, auditing and governance
  • To introduce Zakat principles and techniques for IslamicFinancial Institution
  • To identify that principles that govern the Islamic accounting
  • To review what are the issues and challenges of the implementation and development of Islamic accounting

Program Outline

  • Financial Reporting Environment and Frame-work for Islamic Financial Institution
  • Accounting For Deposit Funds and Equity Based Financing of Islamic Financial Institution
  • Islamic Funding Facilities and Profit Allocation Model Of Investment Accounts
  • Accounting For Mudarabah Financing
  • Accounting For Musharakah Financing
  • Accounting For Asset Based Financing: Mudarabah (Mark-Up) and Bai Muajjal Financing (Deferred Payment Sale)
  • Accounting For Lease Based
  • Accounting For Salam and Parallel Salam Financ-ing
  • Accounting For Istisna’ Financing
  • Shariah Compliance Audit: Issues, Opportunities and Challenges

The Experts

Assoc. Prof. Dr. Syed Musa Syed Jaafar Al Habshi is currently a lecturer of IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia and Shariah Committees of Bank of Tokyo- Mitsubishi UFJ (Malaysia) Berhad. He was also appointed as Shariah Committee member of MRT since 1 June 2011 and the Independent Non-executive Director since 23 July 2008. Obtained a Diploma in Business Studies from Ngee Ann Polytechnic, Singapore in 1984, a Bachelor of Business Administration (Hons.) Degree from the International Islamic University Malaysia (IIUM) in 1989 and a Doctorate in Business Administration Major in Accounting and Finance from University of Strathclyde, Glasgow, United Kingdom in 1994.
He began his career with coopers & Lybrand, Singapore as an Audit Assistant in 1984. From 1989 until 1994, he joined IIUM as an Assitant Lecturer and upon completion of Doctoral degree he became an Assistant Professor and held various academic administrativepositions in the University. He joined Universiti Tun Abdul Razak in 2000 as an Associated Professor and was appointed as the Head of Centre for Graduate studies in 2001. He later served as Dean of Faculty of Business in 2005. In 2006, he joined Amanie Business Solutions Sdn and is currently attached as fellow consultant of international Institute of Islamic Finance Inc. (IIIF) with the company. In 2009 he resumed his academic career as Associated Professor with Universiti Tun Abdul Razak and also he was appointed as the Dean of Graduate School of Business in 2010.

Prof. Dr. Abdul Rahim is a lecturer at University Sains Malaysia (USIM). Prior to that, he was the Vice Chancellor of the Kuala Lumpur Metropolitan University College (KLMUC) and has served the International Islamic Universiti Malaysia (IIUM) for the past 21 years. In IIUM he served as Professor at the Faculty of Economics and Management Sciences and Dean of the Institute of Islamic Banking and Finance (IIiBF). He has been actively involved as the panel of academic for the Malaysian Qualification Agency (MQA) and currently sits in the Accreditation Committee of MQA.
The ministry of Higher Education Malaysia has also appointed him as a member of the Economic and Finance Cluster of the Majlis Professor Negara (MPN). Further, he is actively involved in the Islamic Financial industry and currently served as member of the Shariah Committee for HSBC Amanah Malaysia. He has also served as a Senior Research Fellow for the International Shariah Research Academy in Islamic Finance (ISRA), a research arm of Bank Negera Malaysia.
His other involvements include independent director and member of the Board of Directors for Permodalan Bank Simpanan Nasional Berhad (PBSN).He obtained his Bachelor degree in Finance and Accounting from the University of east London. Later, he obtained his Master in Accounting and Management Sciences, and Phd in Accounting from the University of Southampton, United Kingdom.

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