The Governance and Ethics Board (AGEB) Translation Committee has finalized and approved the issuance of the Arabic version of Goverance Standard for Islamic Financial Institutions “GSIFI 8, Central Shari’ah Board”.

As a matter of board policy, governance standards are drafted and issued in English. However, AAOIFI in order to cater to the requests of the industry at large takes it upon itself to develop an Arabic version of these standards through a due process of quality translation.

The standard provides detailed and comprehensive guidance on the definition, scope of work, responsibilities, appointment, composition, independence, terms of reference of a Central Shari’ah Board and other relevant issues.

The Arabic version of the standard can be accessed BY CLICKING HERE