Page 16 - NIBAF-Training Matters October-December 2020

L N I S T I T U T O E F BANKING AND FINANCE Training Matters!
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VILTs on AAOIFI standards for Islamic Finance Professionals

AAOIFI - Accounting and Auditing Organization for an added advantage for Islamic Banking
Islamic Financial Institutions, has issued a total of 100 professionals.
standards in the areas of Shari'ah, Accounting,
To cover this aspect of Islamic Finance, NIBAF has
Auditing, Ethics and Governance for international
initiated short Virtual courses, where these standards
Islamic finance. SBP is among the central banks which
are covered by industry professionals. So far NIBAF
is working towards adopting these standards in
has held three sessions, with over 90 cumulative
order to have harmonized operations. So far 16
participants; two on code of ethics and one on
standards have been adopted and is in process of
shariah standards.
adapting others. Awareness of AAOIFI standards is

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