Monday 05, December 2016 by Robin Amlôt

AAOIFI Shari'ah Standard on gold unveiled in Dubai

At a briefing in Dubai, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council announced the issuance of Shari’ah Standard No. 57 on Gold and its Trading Controls. The Standard deals with the Shari’ah rulings for gold in its various forms and categories, the Shari’ah parameters for gold transactions and the rulings for gold-based financial products in institutions.

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