FAQ

FAA Programme Accreditation is a process to ensure that the teaching, learning and all other related activities of a learning programme, offered by FSI training providers, meet the FAA Learning Criteria (FLC) and are in compliance with FQF and FSI requirements.

Accreditation will:

• provide the assurance that these FSI learning programmes have met international best practices and benchmarks
• ensure that accredited programmes are relevant and required by the FSI
• increase the knowledge and skills base of FSI members
• provide a learning pathway for FSI members
• provide regional and international recognition of learning initiatives
• provide recognition of quality to the registered programme provider

There are 3 scope of accreditation:

1. FAA Approval
   The FAA Approval (FAV) is an accreditation process for a one- off customised programme. The Approval given is only valid for the programme to be conducted once.
2. FAA Provisional Accreditation
   FAA Provisional Accreditation (FPV) is an exercise to determine whether a learning programme has met the minimum quality requirements preliminary to Full Accreditation. Provisional Accreditation is usually done for a new learning programme before its conduct to ensure that its design and development are done in accordance to the required learning and professional standards. FPV is valid for one (1) year before the Training Provider is required to apply for FAA Full Accreditation for this learning programme.
3. FAA Full Accreditation
   FAA Full Accreditation (FFA) is a process to recognise that the teaching, learning and all other related activities of a FSI learning programme meet the FLC and are in compliance with the FQF and industry requirements. The FFA is valid for two (2) years and the Training Provider is required to apply for renewal before the validity period expires.

** Every institution who would like to participate in the accreditation process is required to register with FAA.

MQA is responsible for monitoring and overseeing the quality assurance practices and accreditation of national higher education (academic programmes) while FAA provide high quality assurance practices and accreditation of professional learning programmes and qualification in FSI. This may include academic programmes related to Islamic Finance which seek professional recognition.

FAST stands for FAA Accreditation SysTem. FAST is an online system for training providers to submit their application for Registration as Training Providers and the following accreditation services:

• FAA Approval
• FAA Provisional Accreditation
• FAA Full Accreditation

You can apply through our online system, FAST.

You will be provided with a Login ID once your application for Registration as a Training Provider is successful.

Your login ID is valid as long as you remain as a FAA Registered Training Provider by FAA. To maintain your validity, you are required to submit at least one (1) Learning Programme for FAA Approval, FAA Provisional Accreditation or FAA Full Accreditation within three (3) months from the date the login ID is assigned to you. Your login ID will be revoked if you fail to do so.

You can login to FAST to check your application status. You will also be notified via email and an official letter.