26.11.2010 - Swift Murabaha wins AAOIFI certification
From Bernama: SWIFT's ISO 15022 message standards for the processing of treasury Murabaha transactions have been certified compliant with the international Islamic finance standards issued by Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). In a statement here Thursday, SWIFT said the certification would pave the way towards the automated processing of Murabaha treasury transactions, which reportedly represented 60 per cent of all Islamic financing..............................................Full Article: Source
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