The Accounting and Auditing Organization for Islamic Finance Institutions (AAOIFI) in cooperation with Minhaj Advisory launched yesterday four new shari’ah standards including competitions and prizes, liability of investment manager, gold and its trading controls, and re-purchase.

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), established in 1991, is one of the leading international institutions in the development and issuance of international standards related to Islamic finance in the fields of accounting, auditing and governance. The UASA’s Secretary General and a number of experts and specialists participated in the launching that was held in Dubai yesterday.