• Register
Return to: Home > News > Standards > AAOIFI publishes its 58th standards

AAOIFI publishes its 58th standards

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has published and approved a final standards with regards to repurchase transactions and the applicable Shari’ah rulings for the Islamic financial institutions.

This is the 58th standards published by the AAOIFI, which is an Islamic international autonomous non-for-profit corporate body that prepares accounting, auditing, governance, ethics and Sharia'ah standards for Islamic financial institutions and the industry.

Recently the AAOIFI has also released two exposure drafts on: impairment and credit losses and Sukuk (equivalent to conventional bonds).

Equally, the AAOIFI board announced a plan to issue a set of standards including Shari’ah, accounting and governance standards of Waqf (equivalent to trusts and foundations), with a working group established for the project.

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.