Islamic Finance
Tax
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Islamic finance body approves regulations for gold-based products
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions said yesterday it had approved a syariah standard for gold-based products, a move aimed at expanding the use of bullion in Islamic finance. Traditionally, gold has been treated as a currency in Islamic finance, which has confined its use to…
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Click here to read the full story: The Sun Daily