Composition


Composition

In order to ensure representation of all sectors within the Islamic finance industry, and to diversify backgrounds and experiences of board members, the composition of the new AAB comprises:

  1. Up to 4 members representing Islamic financial institutions (commercial banks, investment banks, insurance, financing companies, etc.).
  2. Up to 4 members representing accounting and auditing firms.
  3. Up to 3 members representing central banks and regulatory authorities.
  4. At least 1 member representing academicians (universities and educational institutions).
  5. Up to 3 members representing national accounting boards, national accounting or auditing professionals’ bodies, national stock exchanges, and international or multilateral organisations.
  6. No more than 2 members from the same accounting and auditing firms, or same institutions –including subsidiaries and affiliates– regardless of the sector being represented.