The Certified Shari’ah Non-compliance Risk Management Professional (CSNRMP) professional certification program focuses on the important concept of Sharīah and Sharīah Non-Compliance Risk in Islamic finance. The program aims to equip professionals with the necessary knowledge and skills to effectively manage Sharīah Non-Compliance Risk through the implementation of various lines of defense and mitigation techniques. The program covers a range of topics, including Sharīah Compliance in Islamic Finance, Risk Elements, and Mitigation Techniques.

Certification Program Objectives:

• To understand the fundamental concept of Sharīah and Sharīah non-compliance risk
• To understand the provisions unique to Islamic banks in IFSA 2013 and Sharī`ah compliance in Islamic finance
• To identify the major risk elements of Sharī`ah non-compliance risk and the causes of non-compliance in Islamic finance operations
• To learn tools and techniques to identify incongruence in Sharī`ah compliance
• To understand the Sharīah requirements for mitigating Sharīah non-compliance risk in Islamic finance
• To learn about the lines of defense for Sharī`ah non-compliance risk management.

Certifying Examination:

• To be certified as CSNRMP, student should take up a 1.5 hours exam at the designated examination centers.
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Modules:

1. Sharī`ah and Non-Compliance Risk
2. Sharī`ah Compliance in Islamic Finance
3. Risk Elements and Mitigation Techniques
4. Lines of Defense for Sharī`ah Non-Compliance Risk Management