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AAOIFI To Hold Hearing Session on Governance Standards for Islamic Financial Institutions on April 18

Jeddah: The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will hold a hearing session on April 18, 2024, regarding draft governance standards issued by AAOIFI.

The drafts include the governance standard ‘Application…


Jeddah: The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will hold a hearing session on April 18, 2024, regarding draft governance standards issued by AAOIFI.

The drafts include the governance standard ‘Application of Sharia Governance Principles on Islamic Financial Windows’ and the governance standard ‘Application of Sharia Governance Principles on Islamic Subsidiary and Affiliate Companies.’

This session will be conducted via video conferencing in collaboration with the Bahrain Association of Banks (BAB), the UAE Banks Federation (UAEBF), several Islamic institutions, banks, and stakeholders.

The AAOIFI invited all interested parties to register for the session using the following link: https://bit.ly/3vs7Yef.

Source: Saudi Press Agency