Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
The Higher Sharia Authority Held Its Third Meeting
 

United Arab Emirates, May 17, 2018:  The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its third meeting at 9am of Sunday 13 May 2018.

The meeting was chaired by His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, the Chairman Higher Sharia Authority.

The HSA discussed a number of matters related to the creation of a unified Sharia governance framework for Islamic financial institutions (IFIs).
 
The HSA considered the draft standard on the appointment of the internal Sharia boards for IFIs and the fit and proper criteria in addition to some related headlines.

This standard is going to promote the role of the internal Sharia boards and strengthen Sharia compliance assurance in IFIs which will reflect positively on customer confidence in IFIs.  

The HSA considered the possibility of adopting the Sharia standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) as minimum standards for Sharia compliance.

The HSA also considered the possibility of adopting the prudential standards issued by the Islamic Financial Services Board (IFSB).

The HSA discussed other agenda items and adopted the relevant resolutions.  .


Posted by : Dubai PR Network Editorial Team
Viewed 5819 times
PR Category : Banking & Investments
Posted on : Thursday, May 17, 2018  2:27:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : CBUAE Foreign Currency Rates
Next Story : Central Bank of the UAE Holds its 3rd Board of Directors Mee...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Global brands with lowest cost at Karama Ware house sale from this Thursday [30055-Views]
Glam's Makeup Launches in the Middle East [16812-Views]
Review: Facial with Dr Renaud's range at Nazih [16232-Views]
Glasshouse Collection from Olivia Burton [15128-Views]
CFB T3 000 Manufacture Movement Pioneering Peripheral Technology [15079-Views]
CALVIN KLEIN WOMEN: The first CALVIN KLEIN fragrance developed under the vision of Chief... [14896-Views]
Mr. Burberry Indigo Eau De Toilette [13505-Views]
Hour Choice presents Coach New York Collection [12536-Views]
Prevention, Not Cure: Kaya's ‘Hair Strength Therapies' Set to Rid the Gulf of its Hair Pro... [12279-Views]
Tommy Hilfiger Iconic Sport collection [11303-Views]
Matthew Fitzpatrick Wins the 2018 Omega European Masters [10992-Views]
Executive Tourbillon Free Wheel [10943-Views]
Introducing New Make-up From Rodial That You Need In Your Kit [10644-Views]
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty [10156-Views]
Rado reimagines a bold 1960s classic for the 21st Century [8583-Views]
Scuderia Ferrari presents Fall winter collection [8406-Views]
Kate Spade New York Presents Debut Collection From Creative Director Nicola Glass at the ... [7448-Views]
Introducing VK Beauty Lounge & Bar [6954-Views]
Alina Anwar Couture Launches in UAE [6655-Views]
Introducing Home Fragrance at Robinsons, Dubai Festival City [6460-Views]
Tata Communications Strengthens Cyber Defence in the Middle East with the Launch of its Cy... [6381-Views]
Rolls-Royce Motor Cars Takes the Luxury of Privacy to a New Level [6362-Views]
Facebook Launches Community Help on Facebook Lite [6265-Views]
British Classics Make a Comeback in Jack Wills AW18 Collections [6033-Views]
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabbana Collect... [5856-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories