|Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has been given the award for Most Outstanding Standard Setting Body by Islamic Finance News, an industry publication. The award was presented to AAOIFI at a ceremony in Dubai, United Arab Emirates, recently and accepted by Dr. Khaled R. Al Fakih, Secretary General and CEO of AAOIFI.
Dr. Al Fakih said that "In receiving the award, we are honouring the exceptional work of members of our Shari'a Board as well as Accounting and Auditing Standards Board and their committees in developing and reviewing AAOIFI standards. The award also reflects the tireless effort of the Chairman and members of our Board of Trustees in providing strategic oversight and guidance for AAOIFI operations." (Press Release)