Audit standards for Islamic financial institutions and a Code of Ethics for Islamic finance professionals

The textbook covers the content of the standards of auditing Islamic financial institutions, the standard of management "Internal Sharia Audit," and the new Code of Ethics for Islamic finance professionals. They are developed and published by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), registered in Bahrain. The new Code started to be applied from the financial period beginning on January 1, 2021. Audit standards, management standards, and the Code of Ethics for Islamic finance professionals are fully or partially adopted as mandatory regulatory requirements in countries such as Bahrain, Jordan, Kyrgyzstan, Mauritius, Nigeria, Qatar, Oman, Pakistan, Sudan, Syria, and Yemen. The textbook includes self-assessment questions and tasks, test assignments, and a glossary. It complies with the requirements of the latest generation of federal state educational standards for higher education. It is designed for graduate students and anyone interested in systematically studying the standardization of auditing and business ethics based on Islamic principles.