CPSS
| ASPECTS | DETAILS |
| Launch Year | 2023 |
| No. of Shari’ah Standards Covered | 59 |
| Module Examination | 1 |
| Self-study | Minimum 325 hours |
| Registration & Examination Centers | 65+ Globally |
Curriculum
Examinations
CPSS Fellowship
Fee and Discount
Curriculum
| Curriculum |
|---|
The CPSS program curriculum covers all AAOIFI Shari’ah standards across nine comprehensive parts |
| Part/Standards | Weightage |
| Part A: Shari’ah fundamentals of Islamic finance 01 – SS 25 “Combination of Contracts” 02 – SS 29 “Stipulations and Ethics of Fatwa…” 03 – SS 31 “Controls on Gharar…” 04 – SS 42 “Financial Rights…” 05 – SS 47 “Rules for Calculating Profit…” 06 – SS 49 “Unilateral and Bilateral Promise” | 10% |
Part B: Sale-based contracts 07 – SS 3 “Procrastinating Debtor” 08 – SS 8 “Murabaha” 09 – SS 10 “Salam and Parallel Salam” 10 – SS 11 “Istisna’a and Parallel Istisna’a” 11 – SS 18 “Possession (Qabd)” 12 – SS 30 “Monetization (Tawarruq)” 13 – SS 53 “Arboun (Earnest Money)” 14 – SS 1 “Trading in currencies” | 17% |
Part C: Lease- and equity-based contracts 15 – SS 9: “Ijarah and Ijarah Muntahia Bittamleek” 16 – SS 12 “Sharika (Musharaka)…” 17 – SS 13 “Mudarabah” 18 – SS 39 “Mortgage…” 19 – SS 40 “Distribution of Profit…” | 17% |
Part D: Trade finance and agency-based contracts 20 – SS 5 “Guarantees” 21 – SS 14 “Documentary Credit” 22 – SS 23 “Agency” 23 – SS 46 “Al-Wakala Bi Al-Istithmar…” | 7% |
| Part E: Investment-based contracts… 24 – SS 1 “Trading in Currencies” 25 – SS 17 “Investment Sukuk” 26 – SS 21 “Financial Papers…” 27 – SS 27 “Indices” 28 – SS 44 “Obtaining and Deploying Liquidity” 29 – SS 45 “Protection of Capital…” | 10% |
| Part F: Islamic insurance / Takaful 30 – SS 26 “Islamic Insurance” 31 – SS 41 “Islamic Reinsurance” | 7% |
| Part G: Other Shari’ah-compliant contracts… 32 – SS 7 “Hawalah” 33 – SS 15 “Jua’lah” 34 – SS 16 “Commercial Papers” 35 – SS 19 “Loan (Qard)” 36 – SS 20 “Commodities…” 37 – SS 22 “Concession Contracts” 38 – SS 24 “Syndicated Financing” 39 – SS 28 “Banking Services” 40 – SS 34 “Hiring of Persons” 41 – SS 50 “Irrigation Partnership…” 42 – SS 57 “Gold and its Trading…” 43 – SS 58 “Repurchase Agreement” 44 – SS 61 “Payment Cards” | 15% |
| Part H: Termination/revocation of contracts 45 – SS 4 “Settlement of Debt…” 46 – SS 43 “Insolvency” 47 – SS 48 “Options to Terminate…” 48 – SS 51 “Options to Revoke…” 49 – SS 52 “Options to Reconsider…” 50 – SS 54 “Revocation of Contracts…” | 5% |
| Part I: Miscellaneous 51 – SS 6 “Conversion…” 52 – SS 32 “Arbitration” 53 – SS 35 “Zakah” 54 – SS 36 “Impact of Contingent…” 55 – SS 37 “Credit Agreement” 56 – SS 38 “Online Financial Dealings” 57 – SS 55 “Competitions and Prizes” 58 – SS 59 “Sale of Debt” 59 – SS 60 “Waqf” | 12% |
Examinations
| Examination | |
|---|---|
|
| Module | Diet 1 | Diet 2 | Duration (hrs) | Format |
| CPSS | 16 April 2025 | 24 September 2025 | 3 | MCQs & scenario vignettes |
CPSS Fellowship
CPSS Fellowship | ||
|---|---|---|
|
| Requirements | Successful completion of the CPSS examination |
| Key Benefits | • Publication of candidate’s name on AAOIFI website • Recognition by IFIs and regulators • Career advancement opportunities • Complimentary seats/discounted rates for AAOIFI workshops • Free online access to AAOIFI standards |
|
Fee and Discount
| Fees & Discounts | Details |
| Program Fees | USD 750 (includes): – Registration fee – Study text – Mock exam – Examination sitting – CPSS certificate (Discounted fee does not include certificate postal charges) |
| I-MAC Discount | Register with I-MAC for discount as low as 50% For more info contact: info@i-mac.org |
First Time Applicants
Applying For Remaining Module
Re-appearing Applicant
First Time Applicants
Applying For Remaining Module
Re-appearing Applicant
