In your opinion, one of the objectives of accounting for Islamic financial institutions as stipulated by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) are to determine rights and obligations of interested parties, and to safeguard entity assets and rights of others.

Answer rating: 100% (QA)

AAOIFI within the Islamic Shariah rules and principles has the following objectives to Develop accounting auditing governance and ethical thought relating to the activities of Islamic financial instit... View the full answer