Azzad CEO Bashar Qasem takes part in 14th annual AAOIFI conference
Manama, Kingdom of Bahrain, April 7, 2015 — Bashar Qasem, President and CEO of Azzad Asset Management, joined leading scholars and representatives from global financial institutions in Bahrain last month for a two-day conference focused on the application of Islamic principles to international financial products and services.
The event, which was held March 22-23 in Manama, was organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) under the auspices of the Central Bank of Bahrain. Organizers said that the conference provided a platform for discussing important issues focused on AAOIFI’s efforts to standardize the global Islamic finance industry. Currently in its 14th year, the conference also solicited feedback from industry leaders on existing AAOIFI standards, which guide much of the business conduct for Islamic financial institutions. As Islamic finance has expanded in recent years to represent approximately $2 trillion in assets, AAOIFI has established itself as the leading standard-setting body for the industry.
Azzad Asset Management is an outspoken advocate of the Seven Tenets of Halal Investing, which follow AAOIFI guidelines to filtering financial markets for investable securities. The investment advisory firm regularly educates others about how to invest in accordance with AAOIFI standards.
Azzad Asset Management, investment advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is committed to providing investment services designed to help people enjoy optimum performance without compromising their values. Azzad is a member of the Forum for Sustainable and Responsible Investment and the Accounting and Auditing Organization for Islamic Financial Institutions. The firm, based outside Washington, DC, is a registered investment advisor with the U.S. Securities and Exchange Commission.
Established in 1990, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an Islamic international autonomous not-for-profit corporate body that prepares accounting, auditing, governance, and ethical standards for Islamic financial institutions. AAOIFI issues Shariah guidelines that are followed wholly or in part by institutions around the world.
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