Friday 11 July 2014
 
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AAOIFI

BIBF offers course on new AAOIFI standards

Eighteen new standards issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will be the subject matter of new courses at Bahrain Institute of Banking and Finance (BIBF). "The new AAOI

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Islamic finance body's secretary general quits

Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) said its secretary general Dr Khaled Al Fakih has left the organisation to pursue other opportunities. AAOIFI develops and issues stand

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Islamic finance focus for Bahrain forum

Islamic finance issues will be probed at a major conference in Bahrain next week, a report said. Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will host the AAOIFI-World Bank Annual

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Bahrain ‘in early stages of bank merger wave’

Bahrain is still in the early stages of a series of bank mergers designed to strengthen the sector in the face of regional competition, the central bank governor said. The tiny kingdom's banking industry, once the most vibrant

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E&Y, AAOIFI ink Shari’a agreement

Ernst & Young has signed a working agreement with Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) to assist in Shari’a certification of core banking systems (CBS) used by Islamic banks. O

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Dubai hopes sukuk standards to make it global player

Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said. T

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Customers' interests ‘top priority for banks’

Too often over the past five years the interests of customers at banks have been neglected as bank management has focused on bonuses and share price, said the Governor of the from Central Bank of Bahrain (CBB). If banks neglect customers'

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New markets eye Islamic finance push

The global financial crisis has created a lot of interest around the world in Islamic finance and not only in Muslim countries, said an expert. The potential from new markets will help Islamic finance to spread a lot wider and grow, accord

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Ithmaar Bank backs major Sharia forum

Ithmaar Bank, a Bahrain-based retail bank, has once again extended its support for a major Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI) event in Bahrain. Ithmaar, a long-time AAOIFI supporter, is the plat

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AAOIFI issues 7 standards for Islamic finance

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has introduced new guidelines for applying religious law to finance, as it prepares to launch a sweeping review of the industry. The seven new standards,

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