ahli Islamic signs MoU with AAOIFI

ahli Islamic signs MoU with AAOIFI

Muscat: As part of its ongoing efforts to support the Islamic banking industry, ahli Islamic, recently signed a Memorandum of Understanding (MoU) with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

The primary goal is to reinforce collaboration in capacity building within ahli Islamic and foster the growth of the Islamic finance sector in the Sultanate of Oman. The signing ceremony occurred concurrently with the AAOIFI-IsDB 18th Annual Islamic Banking and Finance Conference.

The signing occurred on the second day of the conference, attended by Sheikh Ebrahim bin Khalifa Al Khalifa, Chairman of AAOIFI’s Board of Trustees, alongside members of ahli Islamic’s Sharia Supervisory Board. Yousuf Al Rawahi, DGM - Head of ahli Islamic, signed the MoU, solidifying the commitment to advancing Islamic banking in Oman.

This unique MoU aims to synergise the expertise of ahli Islamic and AAOIFI, by way of collaboration that involves a series of technical and professional activities intended to fortify the development of Islamic banking and subsequently, the economy.

Commenting on the signing of the MoU, Dr Mohammed Taher Al Ibrahim, Chairman of Sharia Supervisory Board at ahli Islamic, said, “The Islamic finance industry greatly values the role of AAOIFI in developing and progressing the standards of