AAOIFI’s Alchaar to Resign After Being Appointed Syrian Minister

Mohamad Nedal Alchaar, the head of the Accounting and Auditing Organisation for Islamic Financial Institutions, was appointed Syria’s Minister of Economy and Trade. This leads to his leaving the post at the regulator.
Syria, where Syrian President Bashar al-Assad’s Baath party has been in power since 1963, is the latest Middle Eastern country to be hit by a wave of uprisings that ousted longtime rulers in Egypt and Tunisia and sparked armed conflict in Libya.