A major conference on international accounting standards for Islamic finance is being organised in Bahrain in partnership with the World Bank.
Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is hosting the event under the auspices of the Central Bank of Bahrain starting from today.
The two-day ‘AAOIFI-World Bank Annual Conference on Islamic Banking and Finance’ will run at the Diplomat Radisson Blu Hotel, Residence and Spa.
It is part of AAOIFI’s on-going consultative process with the international Islamic finance industry on the development and review of its standards on Sharia, accounting, auditing, ethics and governance.
The conference will see experts discuss issues relating to development and adoption of international accounting standards for Islamic finance, dynamics of auditing and risks, incorporation of Sharia principles in legal documentation, further innovation on takaful operations and products, and continuing development of Islamic venture capital, reported the Gulf Daily News, our sister publication.
A number of research papers will be presented by eminent Sharia scholars, senior representatives from central banks and regulatory authorities, members of AAOIFI Sharia board as well as AAOIFI accounting and auditing standards board and practitioners.
The conference will also be attended by senior representatives of Islamic financial institutions, accounting and auditing firms, legal firms, universities and higher learning institutions and media from across the world.-TradeArabia News Service.