Accounting and Auditing Organization for Islamic Financial Institutions

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is a specialized organization that sets standards and guidelines for accounting, auditing, and ethical practices in Islamic banking and finance. It ensures that Islamic financial institutions operate in accordance with Shariah principles, providing transparency and consistency. By establishing recognized rules, AAOIFI helps maintain trust among stakeholders and promotes the development and integrity of Islamic finance globally.