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AAOIFI and IFSB collaborating on Shariah governance standard

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AAOIFI and IFSB collaborating on Shariah governance standard

by March 25, 2021 No Comment

  LONDON – Islamic finance industry infrastructure bodies AAOFI and IFSB are working together to develop a standard on Shariah governance. Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions and Kuala Lumpur-based Islamic Financial Services Board signed a memorandum of understanding in October 2018 to cooperate by jointly undertaking technical activities and revision of prudential, Shariah, accounting

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Turkey to become attractive for Islamic finance

by March 21, 2021 No Comment

Turkey is likely to become an attractive center for interest-free Islamic finance after a new economic reform package was unveiled, according to an Istanbul University professor. Servet Bayindir, who is also a member of Turkey’s Presidential Economic Policies Board, told Anadolu Agency that Turkey is in a more advantageous position than Malaysia or the UK, two

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