Thursday 10 July 2014
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,


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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