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CISAC - The Certified Islamic Specialist in Accounting

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Financial accounting plays a vital role in the measurement and establishment of financial events and facts taking place in banks to determine the rights and obligations of banks and their clients, to verify the results of their activities, to inform stakeholders and other related parties, to provide relevant information, to the interested parties, to allow them to make.

Decision and to deal with it in a way to save money and make good use of it. Financial statements (balance sheet, income statement and cash flow, etc.) are some of the most important products of financial accounting which aims to provide reports to meet the requirements and needs of users of these lists, which helps them in policy guidance and taking the appropriate decisions.

There is no doubt that there are important differences between conventional banks and Islamic banks, the most important of which are the Sharia requirements and the economic essence of many financial transactions. This has resulted in enriching the domain of Islamic accounting standards and contributed to the evolution of accounting thought in the sector of Islamic banking and financial institutions. Accounting in Islamic financial institutions depends on the objectives, concepts, assumptions, bases, principles, and established accounting policies in accordance with the provisions of Islamic Sharia, as well as with the prevailing values and norms that do not contravene the provisions of Islamic law. Financial accounting cannot perform its role effectively but through the Islamic guidelines and the accounting standards adopted by Islamic banks.

The Certified Islamic Specialist in Accounting aims to qualify the people working in Islamic banks and to raise their competence in both the theoretical and practical aspects of accounting operations in Islamic banks in accordance with the Islamic accounting standards in all activities , processes and transactions ?which should result in the presentation and provision of quality information and preparation of final financial reports that assist their users to make the right decisions.

The development and improvement of the participants’ skills in what relates to:
  • The basics of Islamic banking and the fundamental differences between conventional banks and Islamic banks regarding the accounting system.
  • The Islamic law principles and the accounting rules for the collection and investment of the bank’s cash resources in compliance with the requirements of Islamic Sharia.
  • Handling of accounting operations, and how methods of their book - Keeping.
  • Practical applications of accounting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions.

Contents of the program:
  • Introduction
  • Accounting Handlings for local Murabaha and international Murabaha
  • Accounting Handlings of Ijara (Lease) Operations
  • Accounting Handlings of Istisna'a operations
  • Accounting handlings of Salam operations Ijara
  • Accounting handlings of Mudaraba operations
  • Accounting handlings of Musharaka (Shared) Financing
  • Accounting handlings of Bai Al-Ajil (Deferred Sale)
  • Accounting handlings of transactions and operations in
  • foreign currencies
  • Final accounts in Islamic banks
  • Financial statements of Islamic banks
AED 9,181
US$ 2,500
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Duration: 5 Days

Intakes: Every Month

Language: Arabic

Training Partner
General Council for Islamic Banks And Financial Institution

Who will Benefit:
  • Bank Accountants
  • Islamic financial institutions
  • People responsible for review , audit, finance and investment
  • Managers and financial supervisors
  • Heads of accounts
  • Specialists, and all those interested in the field of accounting in the banking industry

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