THE ARAB MONETARY FUND AND THE ACCOUNTING AND AUDITING ORGANIZATION FOR ISLAMIC FINANCIAL INSTITUTIONS (AAOIFI) JOIN FORCES TO STRENGTHEN THE DEVELOPMENT OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY FOR THE BENEFIT OF ARAB COUNTRIES.
The Arab Monetary Fund and The Accounting and Auditing Organization for Islamic financial Institutions (AAOIFI) Join forces to Strengthen the Development of the Islamic Financial services Industry for the benefit of Arab Countries.
January 6, 2021
On Wednesday, January 06,2021, The Arab Monetary Fund (AMF) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) signed a Memorandum of Understanding (MOU) to facilitate international cooperation between the two organizations to jointly undertake technical activities relating to the prudential, Shari’ah, accounting and governance standards as well as for promoting awareness of issues that are relevant or have an impact on the regulation and supervision of the Islamic financial services institutions, in addition to other areas of common interest between the two institutions.
The MOU was signed by H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund, and Mr. Omar Mustafa Ansari Secretary-General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).