AAOIFI CPAAGE Practice Questions - AAOIFI Certificate Of Proficiency In Audit, Assurance, Governance And Ethics (CPAAGE) Exam

How are fatwas and rulings of the SSB treated for the IFI under AAOIFI governance?

They are binding on the Islamic financial institution They are optional marketing suggestions only They bind only non-Muslim customers They apply only if the CEO personally agrees in writing each time

Correct Answer:

They are binding on the Islamic financial institution

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