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Islamic Finance Briefing - Categorized | Accounting and Audit, Compliance, Tax, Legal, Regulatory more

AAOIFI to start Islamic finance screening in 2010

Posted on 17 February 2010

Mohamad Nedal AlcharrFrom Arabianbusiness.com: The Bahrain based Accounting and Auditing Organisation for Islamic Financial Institutions, which helps sets standards in the sector, said on Tuesday that it plans to start screening Islamic finance products in the second half of this year to ensure they are sharia compliant.

Speaking at the Reuters Islamic Banking and Finance Summit in Bahrain, Mohamad Nedal Alcharr, said: “It will be a gradual process, it will not be widespread. It will be product by product.”………………………………..Full Article: Source

 
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