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
Investment Adviser Registration Depository - IARD
A one-stop electronic system for investment advisers for registering themselves, as well as submitting required reports and disclosures with the Se ...
Land Flip
A fraudulent act in the real estate industry whereas a group of people will buy an undeveloped piece of land and increase its value above the actua ...
Burial Insurance
Life insurance used to cover funeral services and merchandise expenses. It encompasses individuals until they reach the age of 100, and not current ...
Market Perform
An investment rating used by market analysts to indicate a security will provide returns like those of the Standard & ...
Asset Play
It is a wrongly-valued stock that is very attractive to investors because its asset value combined is actually higher that the current market capit ...
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