AAOIFI issues 7 standards for Islamic financeThe 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, More… |
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 More… |