Every applicant shall submit the following information to the AAOIFI General Secretariat according to its desired/corresponding membership category:
1- Constitution documents including memorandum and articles of association, statute, bye-laws or the partnership deed etc.
2- Certificate of registration / incorporation
3- License or statutory / regulatory approval
4- Financial statements of last 3 years
5- Group family tree including information about parent, subsidiary and associated entities
6- Profile of CEO, President or equivalent – and the key concerned official (like Head of Islamic Banking), where applicable
7- Shari’ah Board list and profiles
8- Application on AAOIFI’s prescribed form
The above requirements apply to most of the categories. The following matrix illustrates where the requirements apply and where they don’t:
|
Information |
Membership for regulatory and supervisory authorities |
Associate membership |
Observer membership |
Supporting membership |
|
Constitution documents |
As applicable |
As applicable |
As applicable |
As applicable |
|
Certificate of registration / incorporation |
If applicable |
Yes |
Yes |
Yes |
|
License or statutory / regulatory approval |
N/A |
Yes |
Yes |
Yes |
|
Financial statements of last 3 years |
N/A |
Yes |
Yes |
Yes |
|
Group family tree |
N/A |
Yes |
Yes |
Yes |
|
Profile of CEO, President or equivalent |
N/A |
Yes |
Yes |
Yes |
|
Shari’ah Board list and profiles |
As applicable |
As applicable |
As applicable |
As applicable |
|
Application on AAOIFI’s prescribed form |
Yes |
Yes |
Yes |
Yes |