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International Islamic Financial Infrastructure Institution: AAOIFI

  • Abul HassanEmail author
  • Sabur Mollah
Chapter

Abstract

This chapter introduces the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The AAOIFI was established in 1991 as an Islamic international body that prepares accounting, auditing, governance, ethics and Shari’ah standards for Islamic Financial Institutions (IFIs) and the Islamic Financial Services industry. We discuss the role of AAOIFI as an alternative body in setting accounting, auditing, governance, ethics and Shari’ah standards for Islamic Financial Institutions (IFIs).

Keywords

Auditing Standardization Harmonization Reporting Islamic Financial Institutions Accounting 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.King Fahd University of Petroleum and MineralsDhahranSaudi Arabia
  2. 2.Accounting and FinanceSwansea UniversitySwanseaUK

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