The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is pleased to announce the 19th Annual Shari’ah Boards Conference will be held virtually under the auspices of the Central Bank of Bahrain on 6-7 Rabi’ al-Awwal 1443 AH corresponding to 12-13 October 2021.
The annual conference conducted is considered as one of the most important gathering in Islamic finance industry for which Shari’ah scholars, policymakers and decision-makers come together on one platform to deliberate and discuss pressing topics in Islamic finance industry globally. Due to several restrictions and in line with the government policy, the conference will be held virtually once again this year. The conference as usual will be conducted in Arabic but live translation will be available in English, Russian, French, Urdu and Bengali.
The two-day conference will have keynote speeches in addition to four panel discussions with renowned Shari’ah scholars, leaders and experts in Islamic finance industry. The panel discussions will focus and deliberate on the need and future of AAOIFI Shari’ah Standards, the process of developing, reviewing and amending Shari’ah standards. There will be a panel discussion on comingling of the funds of Islamic banks with the conventional bank, services Sukuk Al Ijarah and rules of trading in such Sukuk. Additionally there will be a panel discussion on the Fatwa of the Fatwa of another Shari’ah Board.
The participants at the conference will include, Shari’ah scholars and senior representatives from central banks, regulatory authorities, financial institutions, accounting and auditing firms, legal firms, universities, higher learning institutions, and media, from around the world.
On this occasion, H.E. Shaikh Ebrahim Bin Khalifa Al Khalifa, the Chairman of AAOIFI Board of Trustees stated that “AAOIFI Shari’ah Board’s Conference under the auspices of the Central Bank of Bahrain and in collaboration with other Islamic financial institutions has been playing an important role in guiding the Islamic finance industry globally for last 18 years”. He added that “this year's conference also comes at a special time to provide guidance on urgent issues within the Islamic banking in light of the spread of the COVID-19 pandemic”.
Attendance at the conference is free-of-charge. To register for the event, please click here. Alternatively, you can click on: https://bit.ly/3mwG6yA
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), established in 1991 is the leading international not-for-profit organization primarily responsible for development and issuance of standards for the global Islamic finance industry.
As a leading standard-setter for the international Islamic finance industry, AAOIFI has issued a total of 113 standards and technical pronouncements – comprising 59 Shari’ah standards, 31 accounting standards, 8 auditing standards, 1 codes of ethics and 14 governance standards for the international Islamic finance industry.
AAOFI based in Bahrain is supported by over 200 institutional members, including central banks and regulatory authorities, financial institutions, accounting and auditing firms, and legal firms, from over 45 countries. Its standards and technical pronouncements are currently followed by leading Islamic financial institutions across the world and have introduced a progressive degree of harmonization of international Islamic finance practices.
© Press Release 2021
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