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Key Islamic finance body to screen products

Posted on 10 August 2009

From Tradearabia.com: A key Islamic finance body which proposes industry rules to Islamic lenders said on Sunday it plans to monitor Islamic finance products in the absence of a sector watchdog.

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) “will screen products and services offered by the industry for sharia compliance”, it said in a statement……….Full Article: Source

 
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This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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