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Regulatory framework for Islamic banks
A range of institutions have been created to ensure that the regulatory and infrastructure needs of the industry are being catered for. This module describes the key institutions. These include the Islamic Financial Services Board (IFSB), the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the International Islamic Financial Market (IIFM), the Liquidity Management Centre (LMC), the General Council for Islamic Banks and Financial Institutions (GCIBFI) and the International Islamic Rating Agency (IIRA).
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