AAOIFI and CIBAFI to Cooperate Efforts Towards Developing the Islamic Financial Services Industry
February 15, 2021 | Updated at February 15, 2021
Email The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has signed a memorandum of understanding (MoU) with the General Council for Islamic Banks and Financial Institutions (CIBAFI). Secretary Generals of both institutions signed the agreement.
Why it Matters?
The main aim behind the MoU is to strengthen the cooperation between the two institutions and to support collaborative activities and initiatives focused on capacity building, promoting awareness as well as developing joint publications for the industry. According to the media report, this initiative will also facilitate the sharing of knowledge, experience, best practices and expertise between the two parties.
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