Oman’s Ahli Islamic Bank has signed an MoU with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), as part of the Shariah-compliant lender’s broader strategy to support the Islamic finance industry.
The primary goal is to reinforce collaboration in capacity building within Ahli Islamic and foster the growth of the Islamic finance sector in Oman.
The MoU seeks to synergise the expertise of Ahli Islamic and AAOIFI, by way of collaboration that involves a series of technical and professional activities intended to fortify the development of Islamic banking and subsequently, the economy.
“The Islamic finance industry greatly values the role of AAOIFI in developing and progressing the standards of global Islamic finance. It acknowledges the contributions made towards the professional development of Islamic finance,” said Dr. Mohammed Taher Al Ibrahim, Chairman of the Shariah Supervisory Board at Ahli Islamic.
Al Ibrahim said the agreement reflects the Islamic bank’s commitment to collaborate with AAOIFI for the mutual benefit of both institutions and their stakeholders.
Ahli Islamic and AAOIFI’s MoU encompasses collaboration in various areas such as research, events, and ongoing advancements. It facilitates a meaningful exchange of information and discussions addressing pertinent issues within the Islamic finance industry in Oman.
