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AAOIFI

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AcronymDefinition
AAOIFIAccounting and Auditing Organization for Islamic Financial Institutions
AAOIFIAccounting and Auditing Organisation for Islamic Financial Institutions


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In this regard, RHB Islamic Bank should observe to the restrictions set by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) Shariah Council in relation to the Tawarruq transaction.
All training content is based on the latest AAOIFI (Accounting and Auditing Organization of Islamic Financial Institutions) Shariah Standards, the leading standard-setting body in Islamic finance.
Bahrain-based AAOIFI issues internationally recognised Shariah norms on accounting, auditing and governance issues, while the Malaysian-based IFSB (modelled on the Basle Committee) issues guidelines for effective bank supervision and regulations, including capital adequacy.
 
 
 
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