Papers presented at the AAOIFI Annual Shari’a Conference

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17 Apr 2013

On 15 and 16 April 2013 the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) held its Annual Shari’a Conference.

Topics discussed were:

  • Role of Maqassed Al Sharia (Intents of Sharia) in directing Islamic contracts, Sukuk and products
  • Differences between Assets backed securities and Assets based securities
  • Relationship between Assets and their inherent risks
  • Special purpose vehicle (SPV) and its role in Sukuk structures
  • Effects of non-registration of leased assets in lessor’s books from Sharia, legal and accounting perspectives
  • Stipulations of Lender’s benefits from loans
  • Effect of bankruptcy on restricted investment account holders (RIAH)

A summary of the papers presented has been made available on the AAOIFI website (Arabic language only).

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