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15 October 2018
Professional Exam Policies
Professional Exam Policies
Professional Exam Policies
Registration for Exams
Registration for professional exams at the Institute of Finance (IOF) is available for individuals and organizations wishing to nominate themselves or their employees to take one of the professional exams provided by the IOF.
Registration for such exams requires each individual and organization to create an account through the IOF's website.
Registration must be completed at least two business days prior to the date of the exam.
An organization may replace one of its nominated employees with another to take the exam, provided that it does so at least two business days prior to the date of the exam. A fee of SAR (100) will be charged for each replacement.
Documents Required to Enter the Exam:
National ID card for Saudi and Gulf citizens.
Residence Permit (Iqama) for non-Saudis.
Temporary documents issued by the Directorate General of Passports in Saudi Arabia.
Family ID card and passport for women who do not have national ID cards.
Electronic devices (except calculators) are strictly prohibited in exam rooms.
Changing Exam Language
Organizations and individuals may request to change the exam language, provided that they do so at least one business day prior to the exam date.
A request made by a candidate of an organization is limited to the person authorized by the organization to coordinate with the IOF.
For organizations and individuals, requests to change the exam language can be submitted through the email address of the IOF Professional Examination Division at
Attendance, Lateness and Absence
Examinees must be present at least (30) minutes prior to the exam in order to complete the procedures for entering the exam room.
An examinee who arrives after the exam starts may be denied entry into the exam room.
In the event of absence without informing the IOF according to the below Exam Cancellation policy, the exam fees will be fully charged and the nomination to take the exam will not be counted in the number of attempts allowed for retaking the exam.
Taking into account the below Exam Cancellation policy, examinees, whether individuals or organization candidates, can not postpone the exam.
In the event that a candidate or individual could not pass the exam from the first attempt, he/she is entitled to a maximum of (5) attempts during one calendar year to retake the exam.
Calculation of the number of attempts starts from the beginning of each calendar year.
A period of at least (15) days as of the date of the last attempt should pass before retaking the exam.
The IOF may cancel the exam and/or change its date, time and/or place if necessary.
Organizations and individuals can cancel exams that are scheduled electronically according to the following:
No fees will be charged if the exam is canceled more than (30) days before the exam takes place.
50% of the exam fees will be charged if the exam is canceled (15-30) days before the exam takes place.
The fees will be fully charged if the exam is canceled less than (15) days before the exam takes place.
Examinees, whether individuals or organization candidates, have the right to submit complaints and objections regarding anything related to the exams provided by the IOF by filling out the
Review Application Form
The Review Application Form has to be sent to the IOF's Professional Exam Designing Unit at
The email is the only means accepted for receiving all requests related to exam reviewing.
Requests for exam reviewing should be submitted within a maximum of five business days from the exam date. Any requests submitted after that will not be considered.
A fee of SAR (400) will be charged for each request submitted, and it should be paid through a certified check to the IOF and delivered to the Professional Exam Designing Unit within three days from the date of submission of the request.
Full review fees will be refunded if an error is found.
Decisions on requests for exam reviewing will be made within (20) business days from the date on which the request submission is completed.
The IOF may accept or reject requests for exam reviewing as it sees fit.
Examinees at the IOF must comply with all of its rules, particularly those relating to professional exams, and should not commit any acts that would negatively affect the examinees or the exam integrity or confidentiality. The IOF will have the right to take legal and regulatory action or act as it sees fit in the event of any exam-related violations. Such violations include, but are not limited to, the following:
Using any aids or electronic devices that are not permitted for use during the exam.
Saving or posting exam contents on the Internet or any other medium.
Misusing exam rooms and their electronic devices.
Relying on others' help during the exam.
Having in possession any exam-related sheets or documents within the exam room.
Using fake certificates, degree reports, or documents.
Leaving the exam room without permission from exam supervisors.
Talking with people other than exam supervisors during the exam while inside the exam room.
If an examinee is found to be in breach of any of the IOF's rules or policies related to exams, the IOF will notify the examinee's organization in writing or by email as well as the relevant body. In the event that an examinee is found to have committed any of violations mentioned above, the IOF will have the right to impose one or all of the following penalties, or act as it deems appropriate:
When it is established that an examinee has cheated or attempted to cheat in any professional exam, their registration will be canceled, taking into account the Exam Cancellation policy regarding fee refunding.
The examinee is prohibited from applying for professional exams offered by the IOF for up to three years as of the date of the violation.
The exam supervisor at the IOF has the right not to allow an examinee to enter the exam room again after leaving without permission.
This Policy is effective as of 1/1/2016.