Arab Today, arab today auditing body unveils 7 shariah standards
Last Updated : GMT 16:55:22
Arab Today, arab today
Arab Today, arab today

Auditing body unveils 7 Shariah standards

Arab Today, arab today

Arab Today, arab today Auditing body unveils 7 Shariah standards

Dubai - Arabstoday

The Accounting and Auditing Organisation for Islamic Financial Institutions, or AAOIFI, announced on Wednesday new seven Shariah standards in Dubai. The new standards include; Financial Rights and its Management, the Regulations of Liquidity Management, Bankruptcy, Capital and Investment Protection, Agency in Investment, Calculation of the Profit Transactions and Options of Trust.   The new standards shall be added to the existing 41 Shariah standards and the 40 accounting standards which have been announced previously. The event was organised by Menhaj Advisory, which also discussed the standards with the Islamic Bank industry practitioners and how to implement the same in their applications. Sponsored by leading organisations in UAE including Mawarid Finance, Al Hilal Bank, Noor Islamic Bank, Arab Insurance Company (Salama), Al Khowarazmi College, as an academic sponsor; the event was attended by senior Sharia scholars & Islamic banking and finance professionals.      Dr Abdul Sattar Abu Ghaddah, Chairman, Menhaj Advisory said, “The new standards come in line with the rapid growth in the Islamic finance industry and to meet the needs of the Institutions while running their business; and there are more standards still under process.” Mohamed Al Nueimi, chief executive officer, Mawarid Finance said: “Mawarid Finance since its inception has been adopting the standards of AAOIFI in all the applications; sponsoring this event comes in line with our company goal to play a key role in developing and supporting the Islamic finance industry.” The AAOIFI, which was established in 1990 and based in Bahrain, is an Islamic international independent non-for-profit corporate body that develops accounting, auditing, governance, ethics and Shariah standards for Islamic financial institutions and the industry.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today auditing body unveils 7 shariah standards Arab Today, arab today auditing body unveils 7 shariah standards

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today auditing body unveils 7 shariah standards Arab Today, arab today auditing body unveils 7 shariah standards

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday