Accounting and Auditing Organization for Islamic Financial Institutions

World's First Institutional Tokenised Sukuk Backed by a Sovereign-Linked Instrument Listed

Retrieved on:

Monday, October 30, 2023

Ethereum, Accounting, Malaysia International Islamic Financial Centre, Accounting and Auditing Organization for Islamic Financial Institutions, Ministry of Finance (Malaysia), Exercise, American depositary receipt, Sukuk, Ministry, Environment, Islamic banking and finance, ADR, FDR Drive, FDR, Security (finance), Cryptocurrency, Islam, Sharia, Fusang

LABUAN, Malaysia, Oct. 30, 2023 /PRNewswire/ -- Fusang Exchange today announced the successful tokenisation and listing of a digital sukuk representing the corresponding underlying sukuk issued by the International Islamic Liquidity Management Corporation (IILM)*. IILM is an international organisation established to address liquidity management challenges faced by Islamic financial institutions globally and acts as the programme administrator of the underlying sukuk.

Key Points:

Fusang, a digital stock exchange operator has listed the world's first institutional tokenised sukuk backed by a sovereign-linked instrument, opening up access to a short-term A-1 rated sukuk for global institutions and their clients.
The tokenisation and listing exercise was completely led by Fusang, utilising its proprietary Fusang Depository Receipt ("FDR") structure to "wrap" the underlying sukuk into a digital form.
FDRs are fully redeemable for the underlying IILM sukuk and are secured by third-party independent custodians.
We envisage the new Guidelines on Labuan Securities Token Offering would further spur the development of tokenised securities in Labuan.

Femasys Inc. MDSAP Surveillance Audit Successfully Completed

Retrieved on:

Tuesday, October 3, 2023

ISO, Accounting and Auditing Organization for Islamic Financial Institutions, Woman, Infertility, MDSAP, Food and Drug Administration, Certification, Medical device, TUV, FDA, Lewis Galoob Toys, Inc. v. Nintendo of America, Inc.

ATLANTA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Femasys Inc. (NASDAQ: FEMY), a biomedical company focused on meeting significant unmet needs for women worldwide with a broad portfolio of in-office, accessible solutions, including a lead late-clinical stage product candidate and innovative diagnostic products, today announced that it has successfully completed the annual Medical Device Single Audit Program (MDSAP) surveillance audit with no nonconformances and no findings.

Key Points:

– Femasys demonstrates compliance with harmonized regulatory requirements for Australia, Brazil, Japan, Canada and the USA –
ATLANTA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Femasys Inc. (NASDAQ: FEMY), a biomedical company focused on meeting significant unmet needs for women worldwide with a broad portfolio of in-office, accessible solutions, including a lead late-clinical stage product candidate and innovative diagnostic products, today announced that it has successfully completed the annual Medical Device Single Audit Program (MDSAP) surveillance audit with no nonconformances and no findings.
Femasys currently holds Certificates of Registration for MDSAP from TUV SUD America Inc., a recognized Auditing Organization and Notified Body that conducts a single regulatory audit of medical device manufacturers that satisfies the relevant harmonized regulatory requirements for the countries participating in the MDSAP program, and ISO 13485 Quality System Certification for the commercialization of Femasys products in the U.S., Canada and Japan with the ability to register for market authorization in Australia and Brazil.
“Completion of the MDSAP annual surveillance audit with no nonconformances and no findings demonstrates the robustness of the Femasys Quality System and our continued commitment to compliance that extends to all of our in-house manufacturing capabilities,” said Kathy Lee-Sepsick, founder, president and chief executive officer of Femasys.
“We look forward to continuing to advance our much-needed innovative technologies in the U.S., as well as other countries around the world, via the MDSAP program."

Shariah Compliant Digital Asset Exchange Haqqex Launching on HAQQ

Retrieved on:

Friday, August 25, 2023

Through its partnership with HAQQ, Haqqex's operations will be overseen and regulated for Shariah compliance by HAQQ's distinguished Shariah Board.

Key Points:

Through its partnership with HAQQ, Haqqex's operations will be overseen and regulated for Shariah compliance by HAQQ's distinguished Shariah Board.
Haqqex is the first exchange to offer professional trading in accordance with Islamic law, uniquely providing user protection against market manipulation that includes sandwich trading, front-running, and other unfair practices.
“The partnership marks the launch of a digital asset exchange that will provide fairer, more transparent and ethics-infused trading for the Muslim world and beyond, and we are incredibly excited to work with the Haqq network,” Haqqex Managing partner commented.
By intertwining Shariah-compliant offerings with time-tested financial tools, Haqqex and HAQQ present a pioneering blend that prioritizes ethical values while delivering the advantages modern investors seek.

Gilded Achieves Shariah Compliance Certification for its physical Gold Products by Amanie Advisors

Retrieved on:

Monday, May 15, 2023

Accounting and Auditing Organization for Islamic Financial Institutions, ABU, Certification, Gold, Islam, Accounting, Cryptocurrency, Bank, Sharia, Gilding

ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Gilded, a prominent fintech company that focuses on making physical gold functional, announced today that its gold product has achieved Shariah compliance certification from Amanie Advisors Shariah Board, a leading advisory firm specializing in Shariah investments and Islamic finance solutions. This certification further strengthens Gilded's position as a trusted provider of safe, secure, and Shariah-compliant gold investment opportunities and enables it to serve an even wider audience of investors in the MENA region and beyond.

Key Points:

ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Gilded, a prominent fintech company that focuses on making physical gold functional, announced today that its gold product has achieved Shariah compliance certification from Amanie Advisors Shariah Board, a leading advisory firm specializing in Shariah investments and Islamic finance solutions.
For Gilded, receiving this certification is crucial in expanding its product's reach and demonstrating its commitment to transparency, accountability, and integrity in its end-to-end process of payment, settlement, custody, and delivery of physical gold.
Firas Mallah, CEO of MENA, Gilded stated, "We are delighted to receive the Shariah compliance certification.
The Shariah endorsement process undertaken by Amanie Advisors involved an in-depth review of Gilded's bar size offerings, payment, settlement, custody, and delivery.

Gilded Achieves Shariah Compliance Certification for its physical Gold Products by Amanie Advisors

Retrieved on:

Monday, May 15, 2023

Accounting and Auditing Organization for Islamic Financial Institutions, ABU, Certification, Gold, Islam, Accounting, Cryptocurrency, Bank, Sharia, Gilding

ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Gilded, a prominent fintech company that focuses on making physical gold functional, announced today that its gold product has achieved Shariah compliance certification from Amanie Advisors Shariah Board, a leading advisory firm specializing in Shariah investments and Islamic finance solutions. This certification further strengthens Gilded's position as a trusted provider of safe, secure, and Shariah-compliant gold investment opportunities and enables it to serve an even wider audience of investors in the MENA region and beyond.

Key Points:

ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Gilded, a prominent fintech company that focuses on making physical gold functional, announced today that its gold product has achieved Shariah compliance certification from Amanie Advisors Shariah Board, a leading advisory firm specializing in Shariah investments and Islamic finance solutions.
For Gilded, receiving this certification is crucial in expanding its product's reach and demonstrating its commitment to transparency, accountability, and integrity in its end-to-end process of payment, settlement, custody, and delivery of physical gold.
Firas Mallah, CEO of MENA, Gilded stated, "We are delighted to receive the Shariah compliance certification.
The Shariah endorsement process undertaken by Amanie Advisors involved an in-depth review of Gilded's bar size offerings, payment, settlement, custody, and delivery.

Azentio Software's iMAL™ R14.6 awarded AAOIFI's compliance certification for 2023

Retrieved on:

Monday, January 9, 2023

Apax Partners, Certification, Accounting and Auditing Organization for Islamic Financial Institutions, Financial Accounting Standards Board, Multimedia, Software, Accounting, Islam, FAS, Sharia, Audit

This certification reflects the adherence of iMAL™ R14.6 to existing as well as the newly issued AAOIFI's Shariah and Financial Accounting Standards, which include:

Key Points:

This certification reflects the adherence of iMAL™ R14.6 to existing as well as the newly issued AAOIFI's Shariah and Financial Accounting Standards, which include:
FAS 39 - Financial Reporting for Zakat.
Both new standards relate to financial reporting with the objective to make the financial statements of institutions transparent, fair, understandable and comparable.
This certification proves yet again that iMAL™'s dynamic reporting system fully complies with these standards.
The certification should automatically provide confidence to all stakeholders that relevant Shariah compliance controls and checks are adhered to by our clients."

Azentio Software's iMAL™ R14.6 awarded AAOIFI's compliance certification for 2023

Retrieved on:

Monday, January 9, 2023

Apax Partners, Certification, Accounting and Auditing Organization for Islamic Financial Institutions, Financial Accounting Standards Board, Software, Accounting, Islam, FAS, Sharia, Audit

This certification reflects the adherence of iMAL™ R14.6 to existing as well as the newly issued AAOIFI's Shariah and Financial Accounting Standards, which include:

Key Points:

This certification reflects the adherence of iMAL™ R14.6 to existing as well as the newly issued AAOIFI's Shariah and Financial Accounting Standards, which include:
FAS 39 - Financial Reporting for Zakat.
Both new standards relate to financial reporting with the objective to make the financial statements of institutions transparent, fair, understandable and comparable.
This certification proves yet again that iMAL™'s dynamic reporting system fully complies with these standards.
The certification should automatically provide confidence to all stakeholders that relevant Shariah compliance controls and checks are adhered to by our clients."

Azzad Portfolios Recognized as "Top Guns" by Informa Investment Solutions

Retrieved on:

Wednesday, November 30, 2022

Universe, Church, Falls Church, Virginia, Accounting, Accounting and Auditing Organization for Islamic Financial Institutions, Top Guns, Informa, Database, Interfaith Center on Corporate Responsibility, PSN, Islam, Investment, Corporate responsibility, Financial adviser, Life insurance

Informa Financial Intelligence is part of Informa plc, a leading provider of critical decision-making solutions and custom services to financial institutions.

Key Points:

Informa Financial Intelligence is part of Informa plc, a leading provider of critical decision-making solutions and custom services to financial institutions.
PSN and Informa Investment Solutions have no affiliation with Azzad Asset Management, but rather evaluate investment managers performance on an objective basis.
Please consult with an investment professional before making any investment using content or implied content from any Investment Manager Top Guns.
Azzad is committed to providing investment services designed to help people enjoy optimum performance without compromising their Islamic values.

Azzad Asset Management named again to CNBC FA 100

Retrieved on:

Tuesday, October 4, 2022

FA, RIA, Church, GLOBE, Corporate responsibility, Accounting, Interfaith Center on Corporate Responsibility, Partnership, Islam, Accounting and Auditing Organization for Islamic Financial Institutions, Fas, CNBC, Falls Church, Virginia, Financial adviser

Falls Church, Virginia, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Azzad Asset Management announced today that it has once again been named to the CNBC FA 100 , a ranked list of wealth management firms that offer the most comprehensive planning and financial services to help clients navigate their financial lives.

Key Points:

Falls Church, Virginia, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Azzad Asset Management announced today that it has once again been named to the CNBC FA 100 , a ranked list of wealth management firms that offer the most comprehensive planning and financial services to help clients navigate their financial lives.
The firm said in a statement:
Being named to the CNBC FA 100 list is an important recognition of Azzad's work.
Azzad is committed to providing investment services designed to help people enjoy optimum performance without compromising their values.
Azzad is a member of the Interfaith Center on Corporate Responsibility and the Accounting and Auditing Organization for Islamic Financial Institutions.

Azzad Portfolios Achieve 'Top Guns' Status from Informa Investment Solutions

Retrieved on:

Wednesday, August 24, 2022

Universe, Accounting, Top Guns, Solution, Accounting and Auditing Organization for Islamic Financial Institutions, Interfaith Center on Corporate Responsibility, Program, Corporate responsibility, Islam, Church, PSN, Falls Church, Virginia, Investment, GLOBE, Database, Financial adviser, Life insurance, Informa

Informa Financial Intelligence is part of Informa plc, a leading provider of critical decision-making solutions and custom services to financial institutions.

Key Points:

Informa Financial Intelligence is part of Informa plc, a leading provider of critical decision-making solutions and custom services to financial institutions.
PSN and Informa Investment Solutions have no affiliation with Azzad Asset Management, but rather evaluate investment managers performance on an objective basis.
Please consult with an investment professional before making any investment using content or implied content from any Investment Manager Top Guns.
Azzad is committed to providing investment services designed to help people enjoy optimum performance without compromising their values.