AAOIFI Shariah Standards
Documentary Credit: Appendix A - Brief History of the Preparation of the Standard
In its meeting No. (5) held in Makkah Al-Mukarramah during the period of 8-12 Ramadan 1421 A.H., corresponding to 4-8 December 2000 A.D., the Shariah Board resolved to give priority to the preparation of a Shariah Standard on Documentary Credit.
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On Monday 29 Ramadan 1421 A.H., corresponding to 25 December 2000 A.D., a Shariah consultant was commissioned to prepare a Shariah study and an exposure draft.
« Adoption of the Standard Appendix B - The Shariah Basis for the Standard »
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