Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will arrange its Annual Shari’a Conference on 7 and 8 May 2012 in Manama, Kingdom of Bahrain. The conference will be held under the patronage of the Central Bank of Bahrai…
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has suggested more specific accounting standards for real estate while increasing disclosure for Islamic banks’ investment accounts.
The move made by the Bahrain-bas…
Amanie Advisors opened a new office in the Egyptian capital of Cairo, having as purpose to captalise on the considerable business potential in Egypt and North Africa advising bankers and fund managers.
Dr. Mohd Daud Bakar is administring the Amanie Adv…
Al Khaleej Takaful published the first results since the company took the decision to adopt the same accounting framework of Qatar Takaful Company, a subsidiary, which are the Financial Accounting Standards issued by the Accounting and Auditing Organis…
At this year’s Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) annual conference came 400 delegates from more than 20 countries from as far afield as South Africa, North Africa, Asia and Europe.
Despite the recent unres…
It seems that islamic bonds are not perceived as positively as conventional debt markets.
That was the message from LAU assistant professor of finance Dr Rima Turk Ariss, who was speaking on the sidelines of the fourth Accounting and Auditing Organisat…
As part of its efforts to promote Islamic finance around the world, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) secretary-general Dr Mohamad Nedal Alchaar, and the Grand Mufti of the Shura Council of Russian Muf…
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will convene its Annual Shari’a Conference on 26-27 May 2010 in Bahrain Conference Centre, Crowne Plaza Hotel, Manama, under the auspices of Central Bank of Bahrain.
Amongst the topics that will covered at the conference are applications of Shari’ah on calculation and allocation of profit allocation in Mudaraba (investment management) and Musharaka (partnership) transactions, distribution of Takaful surplus and relationship between policyholders’ fund and management, potential application of “sale and buyback and cooling-off clause in deferred sale” in addressing liquidity shortfall, Shari’ah-compliant mechanisms in dealing with delinquent debts and compensation for delay in debt repayment, and SPV and fiduciary roles in issuance of Islamic financial instruments.
“This Conference, which is a premier event for the international Islamic finance industry, will discuss prevailing challenges and opportunities so that Islamic finance can be in a position to expand systematically and sustainably.” said Dr. Mohamad Nedal Alchaar, the Secretary General of AAOIFI.
MARKETWATCH Top News