AAOIFI’s primary objects are the development, advocacy and promulgation of accounting, auditing, governance, ethics and Shari’ah standards for Islamic financial institutions and Islamic finance transactions and structures, including Waqf and other ancillary institutions, in line with Shari’ah principles and rules. As an institution, AAOIFI operates strictly in accordance with the Shari’ah principles and rules.
Ancillary objects of AAOIFI shall include:
(a) creating awareness in respect of its primary objects through, but not limited to, conferences, training programs, seminars, publications, journals and magazines etc.;
(b) developing human resources and building capacity at institutional level through offering professional development, educational and training programs in support of its primary objects; and
(c) providing certification, advisory and assurance services in furtherance of its primary objects.