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| Term | Definition |
|---|---|
| The Academy | The Financial Academy. |
| Professional Certificates | Certificates issued by accredited bodies that verify a person's possession of specialized skills and knowledge in a particular field. |
| Time Interval | The specified period of time between attempts. |
| Number of Attempts | The number of times a candidate is permitted to sit the examination. |
| Non-Mandatory Certificates | Optional certificates that can be obtained to enhance skills and experience, but are not a fundamental requirement for practicing a profession. |
| Mandatory Certificates | Certificates formally and legally required to practice a specific job or profession, which must be obtained to avoid violations or to meet employment requirements. |
| Entity | Any public or private legal entity, including government bodies, authorities, institutions, companies, or any other entities that benefit from the Financial Academy's services — such as training, professional examinations, or certifications — and that nominate candidates, manage their registration, or pay their fees in full or in part on their behalf. |
| Independent Individuals | Individuals who benefit from the Financial Academy's services, including registration for examinations, training programs, or professional certifications, acting in a personal capacity and without an organizational or contractual link to a registered beneficiary entity. They interact directly with the Academy through individual accounts on the approved electronic systems. |
| Examinations Provided by the Financial Academy | Professional examinations developed, administered, or directly supervised by the Financial Academy, offered through its approved platforms and systems, and fully subject to the Financial Academy's approved policies and procedures. |
| Examinations Provided with Academy Partners | Professional examinations offered in partnership with external, international, or local organizations (e.g., CISI), where registration, scheduling, rescheduling, or cancellation is subject to the partner's terms and conditions, in addition to the Financial Academy's own decisions within the limits of approved agreements. |
| Working Days | Official working days of the Financial Academy, from Sunday to Thursday, during official hours from 8:00 AM to 4:00 PM, excluding official public holidays recognized in the Kingdom of Saudi Arabia. |
The candidate must not have previously passed the same examination, unless the examination owner has expressly stated otherwise in writing.
Candidates are registered for professional examinations as follows:
For employees of entities registered or accredited with the Academy: registration is made through the entity's account (to which the candidate belongs) via the Academy's official website.
For independent individuals: registration is made through their personal account on the website.
Arrangements for candidates with special needs may be coordinated with the Examination Administration department.
Admission requirements for professional examinations:
Admission requirements differ according to the specific conditions of each examination.
All detailed conditions and information related to examinations are available in the Candidate Information Bulletin for Professional Examinations published on the Financial Academy's website.
To complete a candidate's registration — whether through a registered or accredited entity or as an independent individual — full fees must be paid in advance through the Academy's systems. Once payment is completed and registration is confirmed, fees are non-refundable, unless the examination is cancelled by the Financial Academy in accordance with Paragraph (1) of the Cancellation Policy.
National ID for Saudi and GCC citizens.
Residence permit for non-Saudi residents.
Temporary documents issued by the General Directorate of Passports in the kingdom.
Family register and passports for women who do not hold a National ID card.
An examination may be postponed for a specified fee, in accordance with the applicable fee schedule, by no more than six months from the original booking date.
All rescheduling requests must be submitted at least 3 working days before the scheduled examination date.
By way of exception to the above, the Financial Academy may consider rescheduling requests submitted within the final three days before the examination, but only in qualifying emergency cases at the Academy's discretion. Such emergencies include (but are not limited to):
Life-threatening illnesses.
Death of a family member up to the fourth degree of kinship.
Approved medical leave.
Any other emergency circumstances determined by the Financial Academy.
When considering rescheduling requests, the Financial Academy may request official supporting documents where it deems appropriate. All requests are subject to review and assessment at the Academy's discretion, and approval is not a guaranteed right nor does it create any binding obligation.
The Financial Academy reserves the right to change the examination date and time, and may cancel the entire examination session at one or more centers if it determines that any circumstance prevents the examination from being conducted — in order to preserve the integrity and soundness of the examination process — following the required approval. Registered candidates and registered or accredited entities will be notified accordingly. In such cases, affected registrants will be offered the option to reschedule the examination to an alternative date at no additional charge, or to receive a full refund of fees paid, in accordance with the procedures determined by the Academy.
Scheduled examination appointments may be cancelled electronically by registered or accredited entities or by independent individuals, provided this is done at least 3 working days before the examination date. Cancellation does not entitle the registrant to a refund of fees paid. The registrant may reschedule the examination once in accordance with the Rescheduling Policy set out in this document and its applicable fees. For examinations provided with Academy partners, the time restrictions and any additional fees shall apply as stipulated by the partner organization.
The Academy permits re-attempts for professional certification examinations owned by it — whether mandatory or non-mandatory — subject to the following rules:
Registration for the same examination is permitted up to a maximum of 6 attempts within a 12-month period, with the calculation period starting from the date of the first examination attempt, not from the beginning of each calendar year.
No time interval is required between the first and third attempts.
A mandatory interval of two calendar weeks applies between the fourth and sixth attempts.
After all attempts have been exhausted, an electronic exception request must be submitted through the designated platform to the Professional Certifications Committee to review the possibility of granting an additional attempt, in accordance with agreed procedures and criteria.
Fees are charged for each examination attempt.
The Academy permits re-attempts for examinations embedded within training programs, subject to the following rules:
The first attempt is included within the training program, and the attempt fee is incorporated into the program cost.
The Academy allows one re-attempt to pass the examination, within a maximum of two months from the end of the training program.
The second attempt is free of charge.
Fees are charged for every subsequent attempt after that.
First: Substitution Policy for Entities
Entities have the right to request the substitution of a candidate with another employee from the same entity; the entire process is handled automatically through the system.
Substitution is only permitted for a candidate who is already pre-registered with the same entity, and the examination registration conditions must apply to the substitute candidate.
The time frame for the substitution process is as follows:
Examinations provided by the Financial Academy: substitution may be made up to 24 hours before the examination.
Examinations provided with Academy partners (e.g., CISI, CII): substitution may be made up to 3 working days before the examination, unless the agreement with the partner specifies otherwise.
A fee is charged for each substitution request, and no refund of fees paid is entailed by the substitution process.
Second: Substitution Policy for Independent Individuals
Independent individuals are not permitted to substitute one candidate for another under any circumstances. Their entitlement is limited solely to rescheduling the examination date in accordance with the approved rules set out in this Policy.
Candidates are required to arrive at the Financial Academy at least 30 minutes before the start of the exam to finish entry procedures.
Candidates may not be allowed to enter the examination room if they arrive after the start of the exam.
Candidates who are absent from the exam must pay exam fee in full, in return, this absence will not be counted as an exam attempt.
All examinees must abide to the rules of the Financial Academy and the rules of professional exams specifically and shall not commit any act that harms the safety of exams, examinees, and the confidentiality of exam information. The Financial Academy has the right to take legal and systematic procedures, or whatever it deems appropriate when there is exam misconduct including and not limited to, the following:
Using any unauthorized electronic devices during exam.
Saving or publishing exam content on the internet or through any other mean.
Misusing the examination room and its electronic devices.
Asking other examinees for help during exam.
Having papers or documents related to exam in the examination room.
Using invalid certificates, grade reports, and identification documents.
Leaving the exam room without asking for permission from the invigilator.
Talking with other examinees during exam.
Physical and veral abuse.
If the examinees violate the rules and policies of the Financial Academy, the academy will inform examinees organization and relevant bodies in a written form or via email.
The Academy has the right to impose one or all the penalties if the examinees commit any exam misconduct:
Examinees registration will be cancelled if it is proved that s/he cheats or attempts to cheat in professional exam with respect to exam cancellation policies regarding returned fees.
Cheaters are not allowed to take professional exam of the Financial Academy for a period not exceeding 3 years as of the date of misconduct.
The exam invigilator of the financial academy can prevent the examinee from entering the exam after leaving without permission.
Examinees whether they are organizations or individuals, have the right to file complaints and objections regarding everything related to the Financial Academy exams by filling the following exam review request form press here.
Review request form should be sent to the Professional Standards and Qualifications Department via email: press here. Email is the only and reliable means of communication for receiving review exam request.
Review exam request should be sent during a period of 5 working days maximum of the exam date. No review request will be viewed after the specific duration has finished.
Each review request fee is 400 SR paid as a certified check and written to the order of the Financial Academy and handed to the Professional Standards and Qualifications Department within three days as of sending request for exam review.
The whole exam review fees will be returned if there is a mistake in the exam.
The decision of exam review request will be made within 20 working days after submitting all exam review requirements.
The Financial Academy has the right to accept and deny exam review request whenever it deems appropriate.
Candidates are required to complete a QRF. The form should be completed online prior to the examination.
Official notification of results will not be released until a QRF is completed.
Requests to switch with another examinee are not available at CISI.
Please note, all identification needs to be valid i.e. the date on the identification must not have expired.
The identification that candidates bring to their examination must bear the exact name that their examination has been booked under. If the name on a candidates identification does not match the name that their examination was booked under, they will not be allowed to sit..
No mobile phones or digital/programmable equipment including watches are allowed into the examination room.
Requests to change exam language are not available at CISI.
Candidates are required to arrive at the examination venue at least 20 minutes prior to the start of the examination. You may not be allowed to enter the examination room if you arrive late for the examination.
A candidate will be allowed a maximum of three examination attempts within any 12 month period before a six week rest period will be enforced. This six week rest period will start from the date of their third sitting of the exam. After the six week rest period, a candidate will be allowed up to three further attempts to pass the examination within the twelve months from the date of the first of three sittings referred to above.
Candidates who are unsuccessful in an examination, cannot re-sit the same examination subject until three clear days after their last examination date. For example, if a candidate sat an examination on Thursday, the earliest re-sit date would be Monday.
Under exceptional circumstances, the CISI will consider allowing a candidate to make a fourth attempt at passing the exam before the six week rest period is complete. This will be considered on a case by case basis. The designated contact for CISI bookings within a candidates firm must complete a waiver Request Form and send it to the Assessment Operations Unit at exams@fa.org.sa with details of why the waiver is being requested. Please note, if the waiver is granted and the candidate is unsuccessful in their fourth exam sitting, a six week rest period will at that point be enforced. Further waiver requests will not be accepted. After this break, the candidate will be allowed up to two further attempts to pass the examination within twelve months from when they first sat the examination
The CISI reserves the right to refuse entry to an examination to any candidate who has previously passed the same examination.
CISI exam can be postponed according to the following:
No rescheduling fee will be charged for the first reschedule request made 15 days or more prior to the exam date.
A rescheduling fee of 100 SAR will be applied for the first reschedule request made between 4 and 14 days before the exam date.
A rescheduling fee of 400 SAR will be applied for the first reschedule request made less than 4 days before the exam date.
The full exam fee will be charged in the following cases:
When rescheduling the exam for the second time or more.
When rescheduling less than 14 days before the exam and the new date coincides with the release of an updated version of the study material. In this case, it is considered a new exam, and you will be provided with the updated study material. For further details, the expiration date of the study material is mentioned at the beginning of each study guide
Exam cancellation requests are not available at CISI.
Candidates should note that examinations are based on the examinable syllabus, not on workbooks or training courses content..
Complaints about exam delivery issues Candidates who feel they have been affected by an examination delivery issue on the day of the examination must complete a ‘Delivery Feedback form’ within 48 hours of the examination.
Queries on assessment issues Candidates who wish to query an assessment issue and / or provide feedback on the content of an examination, must complete an Assessment Feedback form. The form is available on the website.
Where it has been established that a candidate has behaved inappropriately, the CISI reserves the right to contact the candidates firm and the regulator may be notified. For these purposes unprofessional behaviour includes, having reference material or revision notes on your person during the examination, cheating or attempting to cheat in the examination, copying by whatever means all or part of the examination content failure to act in accordance with the examination invigilators instructions, failure to adhere to the CISI Examination Regulations, altering or creating result documents.
Furthermore, candidates are prohibited from disclosing any part of the content of the examination to any person or organisation verbally, in writing or by electronic or other means of communication unless expressly given permission to do so by an employee of the CISI.
he CISI also reserves the right to bar such candidates from entering any of the examinations offered by the CISI or to impose a time period during which examinations may not be entered.
CII follow the Financial Academys registering for exams policy.
Requests to switch with another examinee are not available at CII.
a current passport.
a national identity document containing both Ayour photograph.
a valid resident ID.
You may use a financial or scientific calculator, provided it meets the requirement (non-programmable calculator).
Requests to change exam language are not available at CII.
You should arrive at the centre at least 30 minutes before the exam is due to start. You may not be allowed to take your exam if you arrive late.
There is no limited number for exam retakes as long as the exam fee is paid.
If you wish to defer your entry, change the unit or centre, your request, together with a fee of £45, must be received in accordance with the timescales below.If you apply for more than one change at the same time, a single fee of £45 will cover all changes.
A candidate can cancel their exam booking up to 48 hours before their exam time and can then rebook it for another available date/time.
A refund is only available if the request/cancellation is made within 14 days of purchase AND the exam booking hasnt been used.
Candidates should refer to the CII update website www.cii.co.uk/updates for the latest information on changes to law and practice and when they will be examined
If you wish to withdraw completely from the exam, 50% of the original entry fee will be refunded if you withdraw within the timescales below. Online exams: No later than 21 days before the examination date.
Paper based exams: Before the normal fee closing date for the session for which you were originally booked.
Exam review requests are not available at CII.
Any breach of the following instructions may result in your disqualification, not only from the examination you are sitting and any examinations you have already sat, but also from all future examinations, either for a period of years or indefinitely.
You must not take into the exam room or consult in any way any book, paper, document or other written, typed or printed matter (except your admissionpermit for paper based exams or your Exam Admission Document for online exams and items provided by the invigilators in connection with the unit being examined).
All briefcases, handbags, books, revision notes, mobile phones, electronic devices and other personal belongings must be left in a cloakroom or other area as specified by the invigilators.
You must not communicate with, or willingly receive communication from any person during the exam other than an invigilator. Any attempt on the part of another candidate to communicate with you must be reported to an invigilator.
You must not temporarily leave the exam room, except in the case of urgent necessity when you must be accompanied by an invigilator.
Mobile phones and smart watches or similar are not allowed in any.
Disciplinary action may be taken against any applicant who is found to have violated the test rules or committed any unacceptable act. Fines may also be imposed for document falsification or test cheating, and the institute has the right to inform the relevant regulatory authority of any disciplinary action taken.
