IslamicFinance.de

Accounting and Auditing Organization for Islamic Financial Institutions, the leading international organization that formulates and publishes accounting, auditing, ethics, governance, and Shari’a standards for the Islamic banking and finance industry, issued three new Shari'a standards, namely "Contemplation Option", "Defects Option" and "Honesty Option".
Dr. Alchaar pointed out that AAOIFIAAOIFI standards are adopted by more than 90% of Islamic banks around the world.