A new sharia standard on gold, including rulings for gold-based financial products, will be developed under a new initiative by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). A statement by the Bahrain-based Islamic finance standard setting body said the project would be done in co-operation with the World Gold Council and Amanie Advisors, reported the Gulf Daily News (GDN), our sister publication.

 

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