Google+ Followers

Thursday, 23 March 2017

Islamic finance aims for easier sukuk investment with proposed new standards | Reuters

Islamic finance aims for easier sukuk investment with proposed new standards | Reuters:

"Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making them more transparent and easier to structure. Last week the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) published draft accounting standards for sukuk that aim to clarify how they should be treated on balance sheets and the information which issuers should disclose. Bahrain-based AAOIFI, whose standards are followed in whole or in part by Islamic financial institutions around the world, said it had also formed a working group to overhaul its sharia standards for sukuk. Sharia standards cover the instruments' compliance with Islamic principles."



'via Blog this'