AAOIFI Shariah Standards

Distribution of Profit in Mudarabah-Based Investment Accounts: Appendix A - Brief History of the Preparation of the Standard

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, Kingdom of Saudi Arabia, the Shariah Board decided to issue a Shariah Standard on bank deposits and distribution of profits.

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« Adoption of the Standard Appendix B - The Shariah Basis for the Standard »

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