AAOIFI Shariah Standards

Options to Reconsider (Cooling-Off Options, Either-Or Options, and Options to Revoke Due to Non-Payment): Appendix A - Brief History of the Preparation of the Standard

On 14 Rabi’ II, 1429 A.H., corresponding to 20 April 2008 A.D., the Secretariat of AAOIFI decided to commission a Shariah consultant to prepare a juristic study on Options to Reconsider.


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In its meeting held on 14 Safar 1430 A.H., corresponding to 9 February 2009 A.D., the Shariah Standards Committee, discussed the study, approved it, and assigned to the Shariah researcher the preparation of the exposure draft of the standard.

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


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