AAOIFI convenes 13th meeting of its Governance and Ethics Board in Bahrain
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) held the 13 th meeting of its Governance and Ethics Board (AGEB) for the term (2015-2019) at AAOIFI head office in the Kingdom of Bahrain. The meeting was the last meeting of the current board term.
During the meeting, the board deliberated on and approved three exposure drafts for final issuance namely, Sukuk governance, Waqf governance and the revised Code of Ethics for Islamic finance professionals.
The Sukuk governance standard aims to introduce detailed guidelines on sukuk by providing a comprehensive framework for managing sukuk issuance, management during investment and maturity / termination phases. The standard is expected to bring enhanced governance into practice and strengthen the trust in Sukuk markets.
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