AAOIFI issues three final governance standards for industry adoption
The Governance and Ethics Board (AGEB / board) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) issued three final standards namely, AAOIFI Governance Standard (GS) 10, “Shari’ah Compliance and Fiduciary Ratings for Islamic Financial Institutions”, GS 11 “Internal Shari’ah Audit for Islamic Financial Institutions”, and GS 12 “Sukuk Governance”.
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