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AAOIFI to hold conference on Islamic finance

AAOIFI to hold conference on Islamic finance
Under the auspices of the Central Bank of Bahrain (CBB), the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will hold the World Bank Annual Conference on Islamic Banking and Finance from 17 to 18 November, 2014.

It is worth noting that the conference is organized in partnership with the World Bank.

The Conference will discuss various issues related to international accounting standards and its effect on Islamic finance, implication of Basel III on Islamic finance, key Sharia and accounting issues relating to Islamic insurance, incorporation of Sharia standards into legal documentation, sukuk and Islamic capital markets as avenues for long-term financing, and potential changes on accounting standards on Mudaraba and Ijarah.

Dr Hamed Hassan Merah, AAOIFI Secretary General, said that “In carrying out our on-going work on standards development and review, we need to take into considerations prevailing market practices as well as challenges facing the industry.”