Accounting & Auditing Organization for Islamic Financial Institutions

03/06/2026

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is pleased to announce a high-level virtual roundtable under its regulatory capacity building programme, focusing on “fit and proper criteria for Islamic financial institutions” intended to discuss the challenges faced by the Islamic finance industry in identifying and appointing fit and proper individuals at the board and senior management levels.

The session will provide an opportunity to obtain feedback from regulators regarding their expectations, regulatory requirements and the availability of suitably qualified individuals within their respective jurisdictions. The Secretary General of AAOIFI will also present the key initiatives, studies and ongoing work undertaken by AAOIFI in relation to this important issue.

Given the strategic importance of the topic and its implications for governance across the industry, the discussion is expected to be of a high technical standard. Accordingly, heads of the relevant departments and senior management are being invited to participate in the roundtable and contribute to the deliberations.

Participants will benefit from a policy-level dialogue addressing key elements of effective board composition, fiduciary responsibilities, and Shari’ah governance awareness—while exchanging insights with global experts and peers.

📅 Date: Monday, 8 June 2026
🕐 Time: 11:00 AM – 2:00 PM (GMT+3)
💻 Format: Virtual (Zoom)

We look forward to the participation of regulatory authorities in this important discussion.

📩 For registration and enquiries: [email protected]

01/06/2026

🌏 Enhance Your Expertise in Islamic Product Structuring
Join AAOIFI's upcoming online workshop on:
Islamic Product Structuring under AAOIFI Standards
Dates: 08–09 June 2026
Time: 10:00 AM – 01:00 PM (GMT +3)
Mode: Online
Trainer: Mr. Muhammad Farhan ul Haq Usmani
Head Shariah Audit, Meezan Bank, Pakistan
This practical workshop will help participants:
✅ Understand key requirements and rulings of selected AAOIFI Shari’ah Standards
✅ Appreciate the rationale behind major Shari’ah rulings and their practical implications
✅ Develop sound legal and Shari’ah-based thinking in Islamic finance practice
✅ Identify implementation gaps and distinguish between Shari’ah-compliant and non-compliant Islamic finance products
Who Should Attend?
Islamic banking professionals, Shariah scholars, auditors, compliance officers, regulators, consultants, academicians, and students of Islamic finance.
Register Now: https://aaoifi.com/aaoifi-2026-online-workshops-registration/?lang=en
Organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) through its Capacity Building Program.

26/05/2026

كعضو تنظيمي لتعزيز التمويل الإسلامي

انضمام البنك المركزي لجمهورية أوزبكستان إلى (أيوفي)

لمزيد من المعلومات الرجاء الضغط على الرابط التالي:https://aaoifi.com/announcement/%d9%83%d8%b9%d8%b6%d9%88-%d8%aa%d9%86%d8%b8%d9%8a%d9%85%d9%8a-%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7%d9%84%d8%a5%d8%b3%d9%84%d8%a7%d9%85%d9%8a-%d8%a7/

26/05/2026

Central Bank of Uzbekistan joins AAOIFI as a regulatory member to strengthen in Islamic finance in its jurisdiction

For more information please click on the link: https://aaoifi.com/announcement/central-bank-of-uzbekistan-joins-aaoifi-as-a-regulatory-member-to-strengthen-in-islamic-finance-in-its-jurisdiction/?lang=en

Manama, Kingdom of Bahrain / Tashkent, Republic of Uzbekistan: The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is pleased to announce that the Central Bank of the Republic of Uzbekistan has formally become a regulatory member of AAOIFI, marking an important miles...

25/05/2026

Eid Adha Mubarak to you and your family…
May Allah bless you all with all of happiness and prosperity
and may accept all the good deeds during the holy days…

10/05/2026

Greetings from Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

AAOIFI is holding a series of public hearings for soliciting stakeholders expert views on the Exposure Draft of Financial Accounting Standard (FAS) on “Direct Costs Determination, Attribution and Reimbursement”. On this occasion we would like to invite you to attend the upcoming public hearing session scheduled to be held, in collaboration with the Bahrain Association of Banks (BAB) and UAE Banks Federation (UBF) on Monday, 18 May 2026 from 1:00 pm to 3:00 pm, Bahrain time (GMT+3) in English, via video conferencing.

The proposed standard aims to reduce divergence in practice in accounting and financial reporting treatment in respect of costs and expenses, and their recoverability / reimbursement and also aims to mitigate the risk of misapplication or misinterpretation of Shari’ah principles and rules. It is also expected that the standard will support the Islamic financial institutions in achieving greater discipline and consistency in pricing, ex*****on and reporting of Shari’ah-compliant transactions.

To participate in the public hearing, kindly register using the below link: https://tinyurl.com/372zhtv6

The link to the ED of FAS on “Direct Costs Determination, Attribution and Reimbursement”: https://tinyurl.com/3h7nkxm9



السلام عليكم ورحمة الله وبركاته،،،

تتشرف هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (أيوفي) بدعوتكم إلى حضور جلسة الاستماع باللغة الإنجليزية بشأن مسودة معيار المحاسبة المالية "تحديد التكاليف المباشرة وإسنادها واستردادها" الصادرة عن أيوفي، والتي تنعقد في يوم الإثنين 18 مايو 2026 من 1:00 ظهراً إلى 3:00 عصراً بتوقيت البحرين (جرينتش +3) عبر خاصية الاتصال المرئي، وذلك بالتعاون مع جمعية مصارف البحرين – مملكة البحرين واتحاد مصارف الإمارات – الإمارات العربية المتحدة، للحصول على آراء الجهات العاملة في الصناعة المالية الإسلامية في صيغة أسئلة وتوصيات وتعليقات واقتراحات لعرضها على مجموعة العمل المعنية ومجلس المحاسبة لأيوفي لمناقشتها وإجراء التعديلات اللازمة قبل إصدار المعيار في صيغته النهائية.

للتسجيل الرجاء الضغط على الرابط الآتي: https://tinyurl.com/372zhtv6

للاطلاع على مسودة المعيار الرجاء الضغط على الرابط الآتي https://tinyurl.com/3h7nkxm9 :

10/05/2026

Greetings from Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
AAOIFI is holding a public hearings for soliciting stakeholders expert views on the Exposure Draft of Financial Accounting Standard (FAS) on “Direct Costs Determination, Attribution and Reimbursement” and would like to invite you to attend the upcoming public hearing session scheduled to be held, in collaboration with the Bahrain Association of Banks (BAB) on Thursday, 14 May 2026 from 10:00 am to 12:00 pm, Bahrain time (GMT+3) in Arabic, via video conferencing.

The proposed standard aims to reduce divergence in practice in accounting and financial reporting treatment in respect of costs and expenses, and their recoverability / reimbursement and also aims to mitigate the risk of misapplication or misinterpretation of Shari’ah principles and rules. It is also expected that the standard will support the Islamic financial institutions in achieving greater discipline and consistency in pricing, ex*****on and reporting of Shari’ah-compliant transactions.

To participate in the public hearing, kindly register using the below link:
https://tinyurl.com/bdudtmxb
The link to the ED of FAS on “Direct Costs Determination, Attribution and Reimbursement”: https://tinyurl.com/3h7nkxm9

السلام عليكم ورحمة الله وبركاته،،،
تتشرف هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (أيوفي) بدعوتكم إلى حضور جلسة الاستماع باللغة العربية بشأن مسودة معيار المحاسبة المالية "تحديد التكاليف المباشرة وإسنادها واستردادها" الصادرة عن أيوفي، والتي تنعقد في يوم الخميس 14 مايو 2026 من 10:00 صباحاً إلى 12:00 ظهراً بتوقيت البحرين (جرينتش +3) عبر خاصية الاتصال المرئي، وذلك بالتعاون مع جمعية مصارف البحرين – مملكة البحرين، للحصول على آراء الجهات العاملة في الصناعة المالية الإسلامية في صيغة أسئلة وتوصيات وتعليقات واقتراحات لعرضها على مجموعة العمل المعنية ومجلس المحاسبة لأيوفي لمناقشتها وإجراء التعديلات اللازمة قبل إصدار المعيار في صيغته النهائية.
للتسجيل الرجاء الضغط على الرابط الآتي: https://tinyurl.com/bdudtmxb
للاطلاع على مسودة المعيار الرجاء الضغط على الرابط الآتي https://tinyurl.com/3h7nkxm9 :

07/05/2026

Greetings from the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)!

🔊🔊 AAOIFI is pleased to invite you to its upcoming public hearing session, in English, on the exposure draft of AAOIFI Governance Standard (GS)_ “Development and Governance of Shari’ah-Compliant Benchmark Rates”(including illustrative models), that will be held via video conferencing, in collaboration with the State Bank of Pakistan (SBP) – Islamic Republic of Pakistan, on Thursday, 21 May 2026 from 10:00 am to 12:00 pm, Bahrain time (GMT+3).
The public hearing session aims to collect views and feedback of the stakeholders from the Islamic financial industry in the form of questions, recommendations, comments and suggestions which will be presented to the respective working group and board for further elaboration and consideration before issuance of the final standard.
📍 📍 To register, please click on: https://bit.ly/4u18hp0
📍 📍 To download the exposure draft, please click on: https://kntn.ly/03c665d7

السلام عليكم ورحمة الله وبركاته،،،
تتشرف هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (أيوفي) بدعوتكم إلى حضور جلسة الاستماع باللغة الانجليزية بشأن مسودة معيارالحوكمة "تطوير وحوكمة المعدلات المرجعية المتوافقة مع الشريعة" (بما في ذلك النماذج التوضيحية( الصادرة عن أيوفي، والتي تنعقد في يوم الخميس 21 مايو 2026 من 10:00 صباحاً إلى 12:00 ظهراً بتوقيت البحرين (جرينتش +3) عبر خاصية الاتصال المرئي، وذلك بالتعاون مع بنك باكستان المركزي – جمهورية باكستان الإسلامية، للحصول على آراء الجهات العاملة في الصناعة المالية الإسلامية في صيغة أسئلة وتوصيات وتعليقات واقتراحات لعرضها على مجموعة العمل المعنية ومجلس الحوكمة والأخلاقيات التابع لأيوفي لمناقشتها وإجراء التعديلات اللازمة قبل إصدار المعيار في صيغته النهائية.
📍 📍 للتسجيل https://bit.ly/4u18hp0 :
📍 📍 للاطلاع على مسودة المعيار: https://kntn.ly/03c665d7

20/04/2026

19/04/2026

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), with the support of a technical assistance grant from Islamic Development Bank (IsDB), is advancing multiple research and capacity building projects under its regulatory research and development centre (RRDC).

As part of the consultant onboarding process, requests for expression of interest (REOIs) have been issued to engage qualified experts and specialists.

Individuals with relevant expertise and experience are invited to submit their expression of interest (EOI) by 21 April 2026.