The Union of Arab Securities Authorities signed a Memorandum of Understanding with the Accounting and Auditing Organization for Islamic Financial Institutions at AAOIFI’s Annual Shari’ah Boards Conference in Bahrain. The agreement establishes a framework for cooperation to support the development of Arab capital markets and the Islamic finance sector, implementing a mandate previously approved by the Union’s Board. The organizations will exchange expertise and information, conduct joint training and awareness initiatives, cooperate on the development of AAOIFI standards and participate in relevant conferences and events. The partnership is intended to strengthen institutional capacity across the region.
Union of Arab Securities Authorities signs AAOIFI cooperation memorandum on Arab capital markets and Islamic finance
The Union of Arab Securities Authorities signed a cooperation memorandum with the Accounting and Auditing Organization for Islamic Financial Institutions to support Arab capital markets and Islamic finance. The framework covers information exchange, training, awareness initiatives and cooperation on AAOIFI standards.