AAOIFI adopts new Shariah Standards
On June 23, 2010 · In AAOIFI, Islamic Finance, Sharia Compliant, Shariah Councils, Shariah Finance
More evidence that Usmani-controlled AAOIFI is making a play for control of the entire Shariah Finance industry…
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has adopted three new Shariah standards.
This includes a ruling on standards for the disposal of rights, bankruptcy and the management of liquidity, collection and use.