The Accounting and Auditing Organization for Islamic Financial Institutions(AAOIFI) is an Islamic international autonomous non-for-profit corporate body that prepares accounting, auditing, governance, ethics and Shari'a standards for Islamic financial institutions and the industry. Professional qualification programs (notably CIPA, the Shari’a Adviser and Auditor "CSAA", and the corporate compliance program) are presented now by AAOIFI in its efforts to enhance the industry’s human resources base and governance structures..
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) – established in 1991 and based in Bahrain –
Standardization and harmonization of international Islamic finance practices and financial reporting in accordance to Shari’ah.
To guide IF’s markets operation and financial reporting on Shari’ah principles and rules. To provide IF markets with standards and guidelines that can support the growth of the industry.