Managing Shariah Non-Compliant Risk in Islamic Financial Institutions

Managing Shariah Non-Compliant Risk in Islamic Financial Institutions IAIS pic
03 September 2020 (Thursday)
14:00 - 16:00 (Malaysian Standard Time)
07:00 - 09:00 (London)
10:00 - 12:00 (Dubai)
Venue: Zoom Online

training 03SEP2020


Why should you join this training?

Ensuring Shariah-compliant aspect is imperative for Islamic financial institutions (IFIs) to maintain the confidence of stakeholders and the public at large. Inadequate attention to the whole process of Shariah-compliant aspect will trigger negative repercussion to IFIs, such as massive withdrawal and financial loss. Any income derived from Shariah non-compliant incidents cannot be recognized as IFI profit. Hence, understanding Shariah non-compliant risk management is essential to ensure Shariah compliance. This two-hour course is designed to provide the participants with a practical understanding of managing Shariah non-compliant risk in Islamic financial institutions (IFIs).

Learning Objectives

After completing this session, participants should be able to:

  • Understand the significance of Shariah compliance and Shariah governance in IFIs
  • Understand the key Shariah non-compliant risk areas in IFIs 
  • Understand the process of Shariah non-compliant event reporting 
  • Apply the rectification plan for Shariah non-compliant events 
  • Manage the income resulting from Shariah non-compliant events 
  • Mitigate the occurrence of Shariah non-compliant risk events

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International Institute of Advanced Islamic Studies (IAIS) Malaysia.
Jalan Ilmu, Off Jalan Universiti 59100 Kuala Lumpur, Malaysia.
Tel: +603-7956 9188
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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