GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

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 : GoDubai Editorial Team
Viewed 5411 times
Posted on : Thursday, May 17, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : CBUAE Foreign Currency Rates
Next Story : New EU GDPR Privacy Rules Affect Dubai Businesses
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA
Panasonic's latest LUMIX DMC-TZ220 is the Ultimate Travel Companion
Summer Spirit
Instantly Refreshed Hair with HASK
Build Your Perfect Skincare Routine with Essentials from Glambeaute.com
Joyalukkas brings joy to hundreds around the world with summer gold bar giveaway
How to choose the right mascara
Introducing the GUESS Jeans Fall 2018 Collection
Kaya Skin Clinic's Expertise is pushing the Boundaries of Botox
Tissot Chrono XL NBA Team Collection Sporty Gets Smart
Cerruti 1881 MOLVENO timepiece and cufflinks
Transform your look with the ‘Perfect Brows'
Creating #futureclassic: Swatch Launches Skin Irony Collection
Hour Choice presents Coach Astor Collection
Joyalukkas adds a new destination for jewellery lovers in Al-Balad, Jeddah, KSA
Head to Modhesh World for Summer Fun Before the School Run
Delicious Whole Cakes at Sophie's Café from AED99
FALL 2018
Carl F. Bucherer Presents Adamavi Collection
Dual Front Camera and Artificial Intelligence Power the Next Generation Super Selfies
13 Emirati Authors Launched into the Portuguese Book Market
Never Run Out of Space for Those Joyful Summer Holiday Memories With Western Digital
Ferrari introduces the world's first low-bake paint technology
Huawei Consumer Business Group Announces 2018 H1 Business Results
Business Wear by Hugo Boss
Scuderia Ferrari presents ASPIRE collection
“The world is thirsty for an Arab superhero"
Favourite florals: Bloom with our top floral picks from bebe
The new Rado HyperChrome Chronograph in bronze and high-tech ceramic
This Eid gift your someone special from the Hour Choice Eid Special collections.
Carl F. Bucherer's Global Brand Ambassador Li Bingbing and Her Carl F. Bucherer ...
Joyalukkas opens newest showroom in Kuwait at Farwaniya
The Marriott International cyclist team completes 600km R2A cycle challenge
This Eid gift your someone special from the Hour Choice Eid Special collections
The Rado HyperChrome Ultra Light
New Addition to the HUAWEI Nova 3 Series: On-trend and fashionable HUAWEI nova 3...
Calligraphy, etching and Palestinian embroidery: Learn it all at Tashkeel this S...
Big Android Breakthrough: Huawei's power packed GPU Turbo upgrade will turn you...
‘The Little Things' That Makes Summer All The More Enjoyable
Garment Grooming at its Finest with Champion Cleaners
XTouch Announces the Launch of the Robot Family Range of Rugged Mobile Phones
Let your kids enjoy some dancing at James & Alex Dance Studios
MEFMA reaffirms commitment to promote entrepreneurship & innovation across local...
The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018
du LaLiga HPC Top Talents Arrive in Spain for 21-day Annual Scouting Camp
Nazih Introduces New Dr. Renaud Skincare Range
Danube Properties' Dh550 million Lawnz project at International City, sold out i...
Hilton Launches New Platform Dedicated to Offering Guests Bespoke, Unforgettable...
Picking the Perfect Coffee Table with Home and Soul Dubai
VIP Golf Austin Offers Golf Packages For the Avid Tourist