Regulatory Alerts2022-01-01
Palestine Monetary Authority Circular No. 252 on Specialized Professional Certifications
The Palestine Monetary Authority issued Circular No. 252/2022 to formally approve the Certified Islamic Professional Accountant (CIPA) credential issued by AAOIFI for Islamic banks operating in Palestine. This directive requires financial institutions to integrate the new certification into their senior management qualification frameworks and adhere to the updated roster of approved credentials for key regulatory roles. The accompanying appendix details all recognized professional certifications, mapping each issuing body and qualification to specific senior official positions across compliance, risk, audit, treasury, and Sharia supervision functions.
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