What does AAOIFI stand for?

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is a Bahrain-based not-for-profit organization that was established to maintain and promote Shari^ah standards for Islamic financial institutions, participants and the overall industry.The Commission also organizes a number of professional development programs (especially the Islamic legal accountant program and the observer program and forensic auditor) in their effort to upgrade the human resources working in the industry and the development of governance structures controls the institutions.

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t was created Accounting and Auditing Organisation for Islamic Financial Institutions, formerly Financial Accounting for Islamic Banks and Financial Institutions Authority (FDA) under the site of a number of Islamic financial institutions on 1 Safar 1410 AH, corresponding 26 February 1990 AD in Algeria incorporation agreement. It has been registered in the body 11 of Ramadan 1411 H corresponding to March 27, 1991 in the State of Bahrain as a global, independent of personal moral authority does not seek to profit ....

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Accounting and Auditing Organization for Islamic Financial Institutions. Googled it before reading any answer.

AAOIFI stands for Accounting and Auditing Organization for Islamic Financial Institutions. Suggest new definition.

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