The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an international organization that develops and promotes standards for the accounting, auditing, governance, and ethical practices of Islamic financial institutions. Its goal is to ensure transparency, consistency, and compliance with Islamic principles (Shariah) across the industry. By setting these standards, AAOIFI helps Islamic banks and financial services operate confidently and credibly within global financial markets, fostering trust among clients and regulators while aligning financial practices with Islamic teachings.