AAOIFI Shariah Standards
Gold and Its Trading Parameters in Shariah: Appendix A - Brief History of the Preparation of the Standard
On the proposal of the World Gold Council and Amanie Advisors, LLC, that Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) prepares a comprehensive Shariah standard on gold, AAOIFI’s Shariah Board decided, in its meeting No. 42 held in the Kingdom of Bahrain on 22-23 Safar 1437 A.H., corresponding to 4-5 December 2015 A.D., to approve and initiate the project. The board formed a subcommittee to discuss the detailed study prepared on the topic, and to vet the draft standard.
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