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Major co-operation accord signed

Bahrain Business
Wed, 24 Oct 2018
Avinash Saxena


MANAMA: Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the Malaysian Islamic Financial Services Board (IFSB), the two main global supervisory bodies for Islamic finance, have agreed to join forces. The AAOIFI sets basic standards for the Islamic finance industry while the IFSB issues recommendations based on risk assessment.

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