BIBF launches course on new AAOIFI Islamic finance standards

June 7, 2014 12:48 pm

BIBF is launching a training course to highlight new Sharia standards that were recently announced by the Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

This course is taking place from the 24th to the 26th of June and will discuss the reasoning behind these new AAOIFI standards, clarify their applications in common Islamic banking tools, as well as explaining their legal implications. In addition, participants will get a clear understanding of other key Sharia standards and the Sharia basis for Islamic financial products.

Head of the Centre for Islamic Finance at BIBF, Hani Redha, commented on the announcement: “Bahrain has always been at the forefront when it comes to setting the standards which regulate Islamic financial transactions around the world. As a global leader in Islamic finance training and thought leadership, it is our role to keep Islamic finance practitioners up-to-date with latest developments and trends within this field.”

Among the instructors for the course are Shaikh Dr. Nizam Yaquby, and Shaikh Essam Eshaq, two of the most prominent Sharia scholars in the Islamic banking industry.