Recent news relating to Islamic finance has raised interest across the globe about the way it is structured and operates.
Westlaw Business and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) this week announced their agreement to provide current standards and other Islamic finance industry information for global business law professionals within the Westlaw Business Islamic Finance Centre.
“AAOIFI is a thought leader in the development of international standards applicable to Islamic financial institutions,” said Kevin Ritchey, senior vice president, Westlaw Business. “We are pleased to provide this exclusive information within the Islamic Finance Centre of Westlaw Business, ensuring business lawyers are confident they have the background and guidance they need for structuring Sharia-compliant transactions.”
AAOIFI standards are developed in consultation with leading Sharia scholars and experts in the field of banking, insurance, economics, law and asset management, thereby contributing to the professional development of the industry.
To get a sense of the history of Islamic finance and AAOIFI, listen to this Westcast podcast with Mazen Zein, product manager for Westlaw Business.
Posted by Gretchen DeSutter in:
In Practice | Practice trends |
