Thursday 10 July 2014
 
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Accounting and Auditing Organisation

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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Sharia standards 'to boost Islamic finance growth'

Sharia standards are essential to Islamic finance because they promote harmonisation of international standards, enhance users' confidence and encourage growth in demand, said a top banking official. "Most importantly, Sharia standards pro

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