"aafaq Islamic Finance" partners with "Institute of Certified Public Accountants of Pakistan" to officially launch first Islamic CPA certification

Program to open new global opportunities for Islamic finance professionals

  aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has announced its partnership with the Institute of Certified Public Accountants of Pakistan (ICPAP), which conducts professional accounting and finance trainings in accordance with the highest global standards, to officially launch the first-ever CPA Islamic Finance certification program in the UAE. The CPA Islamic Finance Certificate is chaired by a CPA Islamic Board and under the patronage of Abdul Jaleel Al-Blouki, Deputy Chairman of “aafaq Islamic Finance”; Dr. Mahmoud Said Abdulaal, Chief Executive Officer of aafaq Islamic Finance and other members from both parties. The advisory council will constitute of reputable organizations and global personalities. Abdul Jaleel Al-Blouki, Deputy Chairman of “aafaq Islamic Finance” said: “Our partnership is in line with H.H Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council directives during the Government Summit held recently in Dubai, where he focused on the importance of education and human development. The launch of this program comes in line with H.H vision to increase awareness, expand knowledge and development of human capital. The program is in sync with Dubai and the UAE’s ever-expanding business environment, with the Islamic finance industry particularly experiencing exponential growth. This means that the country will see an increased demand for a well-trained, highly qualified workforce. The CPA Islamic Finance certificate provides the necessary world-class trainings to professionals who are seeking to improve their skills in order to become competitive in the local and international arenas. Many Emirati have joined the program at the Institute of Certified Public Accountants of Pakistan (ICPAP) in UAE.” “This is one of the unique certificates that will provide the Islamic Financial sector industry with the proper knowledge and expertise. It will provide Islamic finance professionals and practitioners with sound accounting framework from both international financial reporting and Shariah perspective. With growth of Islamic Finance industry, Finance professionals will therefore have to upgrade their knowledge and skills to remain ahead of the competition. The certification aims to consistently sustain the highest Islamic finance standards,” added Abdul Jaleel Al-Blouki.The patronage of aafaq Islamic Finance Board will help bolster the confidence of global Islamic professionals and practitioners to enroll in the comprehensive program delivered by aafaq Islamic Finance and ICPAP. The certification comes as more executives in the UAE are now increasingly becoming aware of the importance of regulations, standardization and compliance in the workplace. Muhammad Aslam Aryan, President, ICPAP, said, “We would like to express our sincerest gratitude and appreciation to aafaq Islamic Finance. In addition, we would also like to thank those who have joined us in the CPA Islamic Program. The program strongly demonstrates our commitment to conduct professional accounting and finance trainings that are at par with the highest global standards. We look forward to this strategic new partnership with aafaq Islamic Finance. The support and patronage of aafaq Islamic Finance is poised to become key factors in the goals and objectives that we have set for the CPA Islamic program.” aafaq and ICPAP’s strategic collaboration is consistent with their mutual goal of promoting and developing the Islamic finance sector as well as furthering global Arabs competitiveness. aafaq intends to expand its activities in the Islamic finance industry through information, awareness and capacity building through its affiliated subsidiaries, namely the “Institute of Finance & Management “ and the "Research & Development Center", which continues to attract growing interest from a fast-expanding Islamic finance industry. The sector is poised to double its assets to USD 3.4 trillion by 2018. The Institute of Certified Public Accountants of Pakistan (ICPAP), was established under license of the Federal Government of Pakistan granted by Registrar Joint Stock Companies in June 1992 with the objective of imparting world class training in Accounting, Finance, Auditing, Management, Corporate and Tax Laws to students, working executives and professionals in Pakistan.