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Islamic Finance Briefing - Categorized | Accounting and Audit, Banking, Market Moves more

Noor backs Islamic finance industry reform

Posted on 24 May 2012

Noor Islamic Bank is backing what could be Islamic finance’s biggest shake up in years, lending its support to the announcement of seven new standards from the Middle East’s leading Islamic finance regulator, the Accounting and Auditing Organization for Islamic Financial Institutions ( AAOIFI ).
The new standards govern key areas of Islamic finance, including financial rights and their management, liquidity management; bankruptcy, capital and investment protection, agency investment, calculation of profits transaction and options of trust………………………………………..Full Article: Source

 
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