Certification is withdrawn [Gulf Daily News (Bahrain)]
(Gulf Daily News (Bahrain) Via Acquire Media NewsEdge) MANAMA: Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) yesterday announced it has withdrawn a certification from International Turnkey Systems (ITS).
The Bahrain-based organisation said the certification granted to ITS' Islamic banking and finance information systems has been withdrawn with effect from the first of this month.
AAOIFI added that the withdrawal of the certification meant that it no longer certifies the Islamic banking and finance information systems offered by ITS as being compliant with AAOIFI standards and bears no responsibility on the Sharia compliance of their systems.
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