Premised on the main objective of establishing a global entity to ensure professionalism among Shariah advisors and experts of Islamic finance, Association of Shariah Advisors in Islamic Finance (ASAS) was officially registered on 12 April 2011. The importance of ASAS was recognised nationally when it has been declared as part of agenda in Malaysian Financial Sector Blueprint 2011-2020 under Agenda 3.2: Internationalisation of Islamic finance.” It was stated under Recommendation 3.2.10: “Develop Malaysia as a reference centre for Islamic financial transactions. To enable this, Malaysia needs to build on the development of human capital in Islamic finance and the establishment of the Shariah, legal, regulatory and supervisory frameworks. This includes: “….. iv. Gaining international recognition for the Association of Shariah Advisors (ASAS) as the body responsible for enhancing qualification and professionalism of Shariah advisors, locally and internationally.”
Given the importance of talent to the Islamic finance ecosystem as well as the above expectation, ASAS with the support of Central Bank of Malaysia, has developed a professional development Program (PDP) which aiming at enhancing the knowledge and competency of its members on Islamic finance specifically in providing impactful Shariah advisory services to its counterparty as well as ensuring that an innovative and creative talent could be nurtured. The PDP comprises of ASAS flagship certification program for Shariah Advisors namely Certified Shariah Advisor and continuous learning and experience-based program namely Continuing Professional Development.