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
Skimming
Skimming is an act used by identity thieves to capture the personal information of an individual through electronic means. A little electronic devi ...
Federal Poverty Level - FPL
The minimum amount of gross income that a family needs for food, clothing, transportation, shelter and other necessities. In the United States, thi ...
Hiring Freeze
A situation where the employer temporarily freezes the hiring of new employees. Hiring freeze is put into place as a cost-saving effort as a result ...
Lump-Sum Payment
Repayment of the total or partial value of an asset by one-time payment. Usually, this is taken instead of recurring payments that would be receive ...
Announcement Date
The date in which a company will make an announcement on the details pertaining an issue of equity or debt. The announcement da ...
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Health Savings Account: Introduction
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