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Meeting with Simon Archer on Islamic Banking and Finance

1 April 2010

Meeting with Simon Archer on Islamic Banking and Finance

MASB representatives met with Professor Simon Archer, who is a Visiting Professor at the International Capital Market Association (ICMA) Centre in Henley Business School, University of Reading, United Kingdom, a Consultant for Capital Adequacy Working Group and Corporate Governance Working Group of Islamic Financial Services Board (IFSB), and was involved in the formulation of accounting standards for the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

Mas Sukmawati Abu Bakar, the Associate Director of the Islamic Technical Unit briefed him on the development of MASB’s Islamic technical pronouncements. Professor Archer in turn shared his experiences at AAOIFI, and provided insight into the development of AAOIFI accounting standards.

MASB Chairman, Mohammad Faiz Azmi and the Islamic Technical Unit secretariat were also present.