IslamicFinance.de

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) held a public hearing of two of its standards hosted by Banque du Liban (BDL) (Central bank of Lebanon) in Beirut, Lebanon. AAOIFI also held its 10th meeting of the AAOIFI Accounting Board (AAB), where the Board deliberated on the Exposure Draft on Ijarah and Ijarah Muntahia Bittamleek, and the Standards Review and Revision Project. Several public hearings for AAOIFI standards have earlier taken place in Bahrain, Egypt, Pakistan, Turkey, United Arab Emirates (UAE) and future public hearings will be held during 2018 in different parts of the world to obtain industry feedback on other exposure drafts already issued by AAOIFI.