Newswrap: Islamic finance
- Date: 21-Apr-2022
- Source: Salaam Gateway
- Sector:Financial Markets
- Country:Bahrain
Newswrap: Islamic finance
Exposure draft on Islamic financial institutions issued
The exposure draft of the governance standard on the revised Sharia framework for Islamic financial institutions has been jointly issued by Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and Malaysia-based Islamic Financial Services Board (IFSB). The standard is still to be finalised, and will replace fully or partially earlier standards, reported Gulf Daily News. The draft is open to public comments, with public hearings to be held in the coming weeks.
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