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AAOIFI 18th Annual Conference

 Published on: 27-Oct-2020

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) held its eighteenth annual conference for Sharia regulatory authorities, which represents one the most important groupings in the Islamic financial industry. The conference was held remotely, and was attended by the UASA’s General Secretariat, where it discussed the effects of the coronavirus pandemic on the Islamic financial institutions transactions, especially with regard to principle (36) regarding contingent incidents on commitments and the need of developing a standard addressing latest developments of COVID-19 pandemic. Also, the conference discussed standard (59) on debt sale, financial technology, and the future of the Islamic finance industry, and financing mechanisms and its legislative controls.


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