01 Jan, 2019
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued four new exposure drafts and the Islamic Financial Services Board (IFSB) has adopted three new standards.
The AAOIFI exposure drafts are the following (links to the press releases on the AAOIFI website):
The three new IFSB standards are:
More information is available in the press release on the IFSB website.
In addition, the IFSB has published Frequently Asked Questions for its four standards on capital adequacy, liquidity risk management, Sharīʻah Governance and Solvency Requirements in Takāful. More information is available here.
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