AAOIFI Shariah Standards
Financial Paper (Shares and Bonds): Appendix A - Brief History of the Preparation of the Standard
The Shariah Board in its meeting No. (7) held at Makkah Al-Mukarramah from 9-13 Ramadan 1422 A.H., corresponding to 24-28 November 2001 A.D., decided to issue the Shariah standard on financial paper (Shares and Bonds).
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On 25 Rajab 1423 A.H., corresponding to 2 October 2002 A.D., the Shariah Standards Committee decided to commission a Shariah consultant for the preparation of an exposure draft on the Shariah Standard on Financial Paper (Shares and Bonds).
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