AAOIFI holds board meeting

Amman, AAOIFI's Governance and Ethics Board (AGEB) has held its eighth meeting in the Jordanian capital Amman.

The meeting deliberated on the public comments received on the exposure draft of 'Sharia Compliance Function' and adopted the standard. The exposure draft of internal Sharia audit standard was also presented to the Board which was deliberated upon and approved to be issued for public commentary in due course.

AAOIFI also held a meeting with the leaders of Jordanian Islamic banks along with representatives of the Central Bank of Jordan who delivered a presentation on overview and update on Islamic finance/ banking in Jordan.

The next AGEB meeting is scheduled to be held in November.

Source: Bahrain News Agency