AAOIFI
An organization that was established to maintain and promote the Shariah standards for l;l the Islamic financial institutions, participants and for the overall industry. Created last February 26, 1990 by the Accounting and Auditing Organization for Islamic Financial Institution, the organization wants to ensure that participants will conform to the regulations set for the Islamic finance. Areas such as governance, accounting, ethics, investments and transactions are the acceptable standard for various functions that was agreed by the founding and associate members of the AAOIFI.
POPULAR TERMS
Crossover Investor
Investor who invests before, during, and after a firm’s initial public offering. He seeks to generate the highest returns possible by investi ...
Personal Trust
A type trust that is created for a person or persons. Wealthy or middle-class beneficiaries use personal trusts to accomplish financial objectives. ...
Commissioner of Banking
Commissioner supervising all of the banks in a state. The individual oversees the liquidation of insolvent banks, and also performs other administr ...
Total Tax
Total amount owed by a taxpayer in a given year, accounting all credit and deductions but not the tax payments made during the year. It is then com ...
Accrued Dividend
A balance sheet that has the dividends of the declared but not yet paid shareholders. It is tagged as a liability and will remain until it is paid. ...
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SEE FOREX TUTORIAL
Buying a Home: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Digesting Financial Statements: Long-Lasting Assets
Long-lived assets, also known as non-current assets, is any asset a company expects to keep for at least one year. Such assets are expected to boos ...
Ethical Investing: Instruments for Ethical Investing
The investment instruments available to ethical investors are similar to those available to all other investors, including bonds, exchange-traded f ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
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