AAOIFI Shariah Standards
Banking Services in Islamic Banks: Appendix A - Brief History of the Preparation of the Standard
The Shariah Board decided in its meeting No. (10) held on 2–7 Rabi’I, 1424 A.H., corresponding to 3–8 May 2003 A.D., in Al-Madinah Al-Munawwarah to issue a Shariah Standard on Banking Services and Facilities in Islamic Banks.
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On 29 Safar 1425 A.H., corresponding to 19 April 2004 A.D., the Shariah Standards Committee (2) decided to commission a Shari’ah consultant to prepare a draft standard on Banking Services and Facilities in Islamic Banks.
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