Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will hold, under the auspices of the Central Bank of Bahrain, the 14th edition of its Annual Shari’a Conference on March 22-23 in Kingdom of Bahrain.
The conference will be held in 7 sessions to discuss topics relating to application of Shari’a to international Islamic finance products, services and practices as well as continuing innovation of Islamic finance to support further growth and expansion of the industry across the world.
Guiding the discussions will be eminent Shari’a scholars as well as leading Islamic finance practitioners and academicians. Participants at the conference comprises Shari’a scholars and senior representatives from central banks, regulatory authorities, financial institutions, accounting and auditing firms, legal firms, universities and higher learning institutions, and other Islamic finance industry stakeholders from the Middle East, Africa, Asia, Europe and North America.
Dr. Hamed Hassan Merah, Secretary General, AAOIFI stated that "the AAOIFI Annual Shari’a Conference provides a platform for discussing important issues especially those relating to AAOIFI's efforts on standardisation and harmonisation of the global Islamic finance industry". He added that "AAOIFI is currently working on developing new standards and reviewing existing ones to better cope with ever-changing market requirements and realities. Discussions at the conference will cover topics relating to some of these standards and will help gather new ideas and thoughts for future standards".
Following the conference, AAOIFI will hold training sessions for its Certified Shari’a Adviser and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA) qualification programs from 24 to 27 March 2015.