AAOIFI Technical Boards. Composition and Membership. Shari’ah. Composition · Members; Committees. Shari’ah Standards Review Committee · Shari’ah. SABB. Exclusive Sponsor of AAOIFI’s Shariah Standards Online Version these standards are viewed as a major hallmark for the Islamic finance industry. AAOIFI has been issuing more than 50 Shariah Standards already. This Shariah standard on gold wouldn’t be the first and the last. As such, what is so special.

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Loans Modes of Financing: Use of Interest Rate as Benchmark. Riba Al Fadl – Explained. Operations of Islamic Banks. Basic Rules of Sale.

Musharakah as substitute for regular overdraft.

Accounting and Auditing Organization for Islamic Financial Institutions

Required Rate of Return in an Islamic Economy. Recommendations on Poverty Alleviation.


The Financial Market Instruments. Islamic Banking An Early Experiment: Cash Waqfs in Malaysia and Singapore. Islamic Tradition in Economics. Egyptian Waqfs Under the Mamluks. Salam and Istisna — Background. The Role of the Human Being.

AAOIFI Standards

Hence, the unique requirements of Islamic financial institutions were not being met. The Principle of Limited Liability.

Main Conclusions Nature of Riba. Features of Islamic Approach. Conditions of the Contract of Sale. Pricing for Cash and Credit Sales.

AAOIFI Standards –

Impact on Host Societies. Simple and Compound Interest. Comparison with the Welfare State. Tabung Haji Investment in Equities: Cash Waqfs in India. Collateral in Islamic Finance. Assignment of the Lease. Discussion on Fiscal Policy in an Islamic Economy.

Murabahah as a Mode of Financing. Financing on Normal Rate of Return. Insurance of the Assets. Cash Waqfs in Syria. Shhariah for Four-Pronged Effort: In addition, over this period, International Accounting Standards IAS or respective national accounting standards were followed by Islamic banks.

  AFI 36-3203 PDF

Credit Systems for the Poor. Direct Investment and Islamic Syndication.

Islamic banks as financial intermediaries. Islamic Money and Banking: Permission of Cash Rent Only.

Issues Relating to Musharakah.