INCEIF AACSB International Accreditation: The Journey and Progress Timeline

INCEIF AACSB International Accreditation: The Journey and Progress Timeline

Milestones

2012
November 2012

INCEIF submits AACSB Membership Application

INCEIF submits AACSB Membership application and it is activated in January 2013. The AACSB membership is a pre-requisite for entering the accreditation process.

2013
January 2013

INCEIF submits its Eligibility Application (EA)

INCEIF submits its Eligibility Application (EA) to formally enter the AACSB accreditation process. The purpose of Eligibility Application is for AACSB to determine if INCEIF meets AACSB’s eligibility criteria outlined in AACSB standards.

March 2013

While waiting for the approval

While waiting for the approval of EA, Preliminary Self-Assessment is initiated. It is the most critical step in assessing our readiness to pursue AACSB accreditation. It is a gap analysis of strengths and weaknesses relative to each of the accreditation standards, and Mission and Strategic Management objective. The Self-Assessment is completed in April 2013. However, the release of new AACSB Standards in April 2013, resulted in re-visiting of the Self-Assessment which is completed in August 2013.

May 2013

The Initial Accreditation Committee (IAC) approves INCEIF’s Eligibility Application

The Initial Accreditation Committee (IAC) approves INCEIF’s Eligibility Application and the committee determined that INCEIF is eligible to proceed with the Initial Accreditation Process. The purpose of Initial Accreditation Process is to establish stable, constructive, ongoing and helpful partnership between AACSB and INCEIF. The Initial Accreditation Process benefits INCEIF in terms of receiving on-going assistance that fosters continuous improvement and minimize non-productive efforts, i.e. experienced counsel from a trained Mentor during the period and feedback through interactions with the Initial Accreditation Committee (IAC).

September 2013

Professor Dr. Andrew Griffiths

Professor Dr. Andrew Griffiths from the University of Queensland accepts his appointment as INCEIF’s Mentor.

December 2013

INCEIF starts writing the Standards Alignment Plan (SAP) in September

INCEIF starts writing the Standards Alignment Plan (SAP) in September. SAP is a detailed action plan, mainly pertaining to academic matters, showing how INCEIF addresses its areas for improvement during the period of Initial Accreditation and how INCEIF will maintain continuous improvement in its programme. This is also to ensure that INCEIF is ready with a concrete document for discussion during Mentor visit. INCEIF completes the SAP and submits to Mentor in January 2014 prior to his visit.

2014
February 2014

Professor Dr. Andrew Griffiths visits INCEIF

Professor Dr. Andrew Griffiths visits INCEIF on 26, 27 and 28 February. His visit is critical in assisting INCEIF in determining its current alignment with the accreditation standards and assist in the development of SAP.

May 2014

INCEIF improves and finalizes the SAP

INCEIF improves and finalizes the SAP based on feedback from Mentor and the Accreditation Liaison Officer.

June 2014

INCEIF submits Standards Alignment Plan (SAP)

INCEIF submits Standards Alignment Plan (SAP) for consideration at the IAC Meeting on 5 August 2014.

August 2014

IAC Meeting on 5 August accepts INCEIF SAP.

IAC Meeting on 5 August accepts INCEIF SAP. The acceptance means that INCEIF now enters the implementation phase of the Standards Alignment Plan (SAP). INCEIF is required to submit reports on the progress made in implementing and achieving the action items detailed in the SAP. The due date of our first Progress Report set by IAC is 15th June 2015.

2015
May 2015

2nd Mentor Visit on 11 – 12 May.

2nd Mentor Visit on 11 – 12 May. This time the visit is important in assessing our first Progress Report that will be submitted in June.

June 2015

First submission of Initial Self Evaluation Report (iSER)

First submission of Initial Self Evaluation Report (iSER) Update formerly known as Progress Report on 30th June 2015.

August 2015

IAC Meeting

IAC Meeting in August 2015 accepted our first iSER Update. The IAC’s official decision letter detailing their comments and timeline for action received in September. Next iSER submission is on June 2016.

2016
June 2016

Second submission of iSER

Second submission of iSER Update on 20th June 2016. The second report focuses on addressing issues from previous report and continuous improvement from every standards.

August 2016

IAC Meeting

IAC Meeting in August 2016 accepted second iSER Update. The IAC’s official decision letter detailing their comments and timeline for action received in September. Next iSER submission is on June 2017.

2017
May 2017

3rd Mentor Visit on 2 – 3rd May 2017

3rd Mentor Visit on 2 – 3rd May 2017. This time the Mentor review our third iSER Update that will be submitted in June 2017.

June 2017

Third iSER Update submission

August 2017

IAC Meeting accepts third iSER Update.

IAC Meeting accepts third iSER Update. The IAC has voted to accept the iSER Update with the recommendation that INCEIF begin the process of preparing for a peer review team visit.

October 2017

AACSB appoints Professor Thomas M. Begley

AACSB appoints Professor Thomas M. Begley as the Chair of Peer Review Team.

2018
May 2018

Pre-Accreditation Visit

Pre-Accreditation Visit by the Peer Review Team Chair on 7-8 May.

June 2018

INCEIF submits the final Self-Evaluation Report (SER)




  • Bank Negara Malaysia
  • Finance Accreditation Agency (FAA)
  • International Shari’ah Research Academy for Islamic Finance
  • Securities Commission Malaysia (SC)
  • Shariah Advisory Council
  • Chartered Institute of Islamic Finance Professionals
  • Malaysia International Islamic Financial Centre (MIFC)
  • Islamic Banking and Finance Institute Malaysia