On course for success

Shari’ah Audit & Review for Islamic Financial Institutions


Shariah compliance is the backbone of Islamic banking in which they operate. Ensuring Shari’ah compliant aspect is paramount to maintain the confident level and public at large. Inadequate attention to the whole process of Shari’ah compliant aspect triggers negative repercussion to the Islamic banking, such as massive withdrawal and financial loss. Thus, it is essential to have a comprehensive, robust and well-functioning Shari’ah control mechanism to ensure the beginning-to-end Shari’ah compliant in the overall Islamic Financial Institutions’ (IFI) day-to-day business operations. As such, a sound Shari’ah audit and review have to be in place to assess the level of Shari’ah compliance aspect on a regular basis, to identify any potential Shari’ah compliant incidences as to provide with the proper rectification mechanism. This two-days training is designed to offer participants with comprehensive and practical knowledge on Shari’ah compliant audit and review for Islamic banking and finance.

Learning Objectives

After completing this session, participants should be able to:

  • Understand the importance of Shari’ah compliance and Shari’ah governance in Islamic banking and finance.
  • Comprehend the scope, procedures and potential issues in developing Shari’ah audit programme.
  • Analyze key Shari’ah review and audit area in Islamic banking
  • Prepare the Shari’ah audit program for different banking

Program Outline

  • Shari’ah Compliance Framework for Islamic Banking and finance
  • Shari’ah Audit and Review for Islamic Banks 
  • Key Audit and Review Areas in Islamic Banking – Deposit Mobilization
  • Key Audit and Review Areas in Islamic Banking – Financing
  • Dealing with Shari’ah Non-Compliant Finding

Target Participants

  • Board of Directors
  • Shari’ah Department
  • Shari’ah Audit Department
  • Shari’ah Review Department
  • Shari’ah Supervisory Boards
  • Managers and Officers
  • Internal Auditors
  • Advocates and Solicitors
  • Lecturers and Students

The Expert


Dr Mohammad Mahbubi Ali is a research fellow at the International Institute of Advanced Islamic Studies (IAIS) Malaysia. He also serves as a Shariah committee member of Affin Islamic Bank, Shariah consultant for ZICO Shariah Advisory Bhd and Roosdiono & Partners. Previously, he was a researcher at the International Shari’ah Research Academy for Islamic Finance (ISRA). During his stint at ISRA, he had contributed to numerous ISRA’s research publications, mainly involving in Central Bank of Malaysia’s Shari’ah Standards. He was a lecturer at the University of Kuala Lumpur and Unitar International University. In his young age, he has managed to contribute extensively to Islamic finance through his regular writings featured in the Islamic Finance News (IFN), Business Islamica, The General Council for Islamic Banks and Financial Institutions (CIBAFI), Epicentre and many others.

He has published numerous articles in international and local referred academic journals, written several book chapters and presented a number of papers in various international conferences. His paper entitled: “A Framework of Income Purification for Islamic Financial Institutions,” co-authored with Dato’ Dr. Asyraf Wajdi Dusuki and Lokmanulhakim Hussain, was conferred best paper presentation in Sharia Economics Conference, University of Hannover, Germany, 2013. He received a bachelor degree in Shari’ah Business and Financial Management from Islamic Business School, Tazkia Indonesia, Chartered Islamic Finance Professional (CIFP) from INCEIF, The Global University in Islamic Finance, Malaysia and PhD in Islamic Banking and Finance from the IIUM Institute of Islamic Banking and Finance, Malaysia.

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