AAOIFI Technical Boards. Composition and Membership. Shari’ah. Composition · Members; Committees. Shari’ah Standards Review Committee · Shari’ah. SABB. Exclusive Sponsor of AAOIFI’s Shariah Standards Online Version these standards are viewed as a major hallmark for the Islamic finance industry. AAOIFI has been issuing more than 50 Shariah Standards already. This Shariah standard on gold wouldn’t be the first and the last. As such, what is so special.

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Allocation of Risk Through Mudarabah. Rules of Leasing – Ijarah. Modes of Financing – Introduction.

Accounting and Auditing Organization for Islamic Financial Institutions

It is essentially meant to be a stand-alone standard in the sense that you can find as many relevant principles of Shariah on gold as possible in one standard. The Politics of Prudential Islamization. Desirable Strategy for Isalmization. Measures of Fiscal Policy in an Islamic Economy.

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AAOIFI Standards

Region and the Hudood Ordinances. Financing of the Working Capital. Need for Four-Pronged Effort: Geographical Spread of IFIs. Planning for Growth and Equity: The importance of the economic goals. In addition, over this period, International Accounting Standards IAS or respective national accounting standards were followed by Islamic banks.

Investment of Unpaid Wages. Business Practices of Islamic Banks.

Origins of International Law. Honesty in Public Funds. Going Back to the Basics with Islamic Finance.

Issues, Problems and Strategy: Fate of Land Reforms. Cash Waqfs in Malaysia and Singapore. The Origins of Waqf. In other Shariah Standards, many of the Shariah issues, if already covered by other Shariah Standards, will be straight-away referred to that Shariah Standard so that the reader may need to flip through relevant Shariah Standards to get what they need to know.

Five Main Contracts in Islamic Finance. Malaysia Non-bank Islamic Financial Intermediaries: Features of Islamic Approach. Allow me to share some of the insights that I am able to discover while working on this Shariah standard aaoiffi day one.


Pakistan Raising the Ceiung: The World Bank’s Casual Approach. AAOIFI standards have been developed in consultation with leading Sharia scholars, with several counties adopting them. Repugnancy to Islam – Who Decides?

Impairment, Credit Losses and Onerous Commitments

Hire-Purchase Leasing in Islamic Finance. Islamic Economics and Economics. Sources of Finance for Present Muslim States.