Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Islamic financial institutions must ensure that products, operations and investments comply with Shariah principles. Shariah governance and audit functions provide this assurance alongside conventional governance.
This Aractech course explains Shariah governance frameworks, roles of Shariah boards, Shariah compliance and review functions, Shariah audit methodology, auditing Islamic financial products, non-compliance risk, purification and reporting. Participants develop a Shariah audit programme.
The course suits professionals in Islamic banking, takaful and Islamic investment firms.
What you will achieve
Learning objectives
- Explain Shariah governance frameworks
- Understand roles of Shariah boards and functions
- Apply Shariah audit methodology
- Audit Islamic financial products and processes
- Manage Shariah non-compliance risk
- Report Shariah audit findings
Who should attend
Target audience
- Shariah auditors and reviewers
- Internal auditors in Islamic institutions
- Shariah compliance officers
- Risk managers
- Product developers
- Board and committee members
Methodology
Learning approach
- Framework presentations
- Product audit exercises
- Case studies
- Audit programme design
- Group discussions
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Shariah Governance
- Principles of Islamic finance
- Governance frameworks
- Shariah board role
- Lines of defence
- Coffee break
- Lines of defence (continued)
- Regulatory requirements
- Exercise: Governance review
Day 2
Shariah Compliance and Risk
- Compliance function
- Non-compliance risk
- Product approval
- Policies
- Coffee break
- Policies (continued)
- Training
- Workshop: Risk assessment
Day 3
Shariah Audit Methodology
- Audit planning
- Audit programmes
- Evidence
- Sampling
- Coffee break
- Sampling (continued)
- Documentation
- Exercise: Audit programme
Day 4
Auditing Products and Operations
- Murabaha and ijara
- Partnership contracts
- Sukuk and investments
- Takaful
- Coffee break
- Takaful (continued)
- Purification
- Case study: Non-compliant transaction
Day 5
Reporting
- Findings
- Reporting to Shariah board
- Annual Shariah reports
- Coffee break
- Annual Shariah reports (continued)
- Follow-up
- Improvement
- Capstone: Shariah audit report
FAQ
Frequently asked questions
What does Shariah Audit and Governance (AGRC-041) cover?
This course covers Auditing and Governance Risk and Compliance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 2 - 6 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Shariah auditors and reviewers, Internal auditors in Islamic institutions, Shariah compliance officers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Paris, Frankfurt, Dubai, Amsterdam, Geneva, Istanbul, Vienna, Barcelona, Cape Town.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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Choose an available date and venue, add your participants, and we will email a formal quotation for Shariah Audit and Governance to your business address.