AAOIFI - Accounting and Auditing Organization for Islamic Financial Institutions. Structure>Board of Trustees

● AAOIFI BOARD OF TRUSTEES

The Board of Trustees shall be composed of twenty part-time members to be appointed by the General Assembly every five years and they shall continue in office until members of the succeeding Board are appointed. The members of the Board of Trustees shall be elected from among the following categories, taking into account their geographical distribution:

• Regulatory and supervisory authorities (central banks, monetary authorities, etc).
• Islamic financial institutions
• Accounting and auditing firms whose professional work relates to Islamic financial institutions.
• Shari'a Fiqh scholars
• Users of financial statements of Islamic financial institutions.

The conditions of electing these members are specified in Article 12 of AAOIFI Statute. They are that a member shall be appointed to fill a vacant office by a majority of the votes of the General Assembly, and shall belong to the same category of the member whose office has become vacant, and the term of office of a member appointed to fill a vacancy shall terminate upon the expiry of the original term of the member whose office had become vacant. The Board of Trustees meets at least once a year. With the exception of the proposals to amend the statute of AAOIFI which requires the vote of three quarters of the members of the Board of Trustees, decisions in all matters before the Board are adopted by the majority of the members voting. In case of a tie, the Chairman shall have the casting vote. The powers of the Board of Trustees include, among others, the following:

• Appointment of members of AAOIFI's Boards and termination of their membership, in accordance with the provisions of the statute
• Arrangement of sources of finance for AAOIFI and investing those resources
• Appointment of two members from amongst the members of the Board of Trustees to the Executive Committee
• Appointment of the Secretary-General

Notwithstanding the provisions of the statute concerning the Board of Trustees' powers and authorities, neither the Board of Trustees nor any of its sub-committees including the Executive Committee, has the right to interfere directly or indirectly in the work of the other Boards of AAOIFI or influence them in any manner.

NAME	POSITION	STATUS
H.E Shaikh Ebrahim Bin Khalifa Al Khalifa	Minister of Housing, Kingdom of Bahrain	Chairman
H. E. Dr. Ahmed Mohamed Ali	President, Islamic Development Bank	Member
H. E. Shaikh Saleh Abdullah Kamel	President, Dallah Al Baraka Group, Jeddah, KSA	Member
H. E. Shaikh Abdullah Sulaiman Al Rajhi	Chief Executive Officer, Al Rajhi Bank, KSA	Member
H. E. Mr. Mohamed Sulaiman Al Omar	Chief Executive, Kuwait Finance House, Kuwait	Member
Tan Sri Syed Mokhtar Al Bukhary	Founder, Al-Bukhary Foundation, Islamic Arts Museum, Malaysia	Member
H. E. Sayed Salim Raza	Governorm Stat Bank of Pakistan, Karachi, Pakistan	Member
H. E. Mohammed Ali Bin Zayed Al Falasi	Deputy Governor, Central Bank of United Arab Emirates, Abu Dhabi, UAE	Member
Professor Sheikh Dr. Mohamed Saeed Ramadan Al Booti	Professor, Shari’a College, University of Damascus, Syria	Member
Sheikh Adnan Al Qattan	Deputy Chairman of Board of Trustees, Royal Charity Foundation, Kingdom of Bahrain	Member
Mr. Irfan Siddiqui	President & Chief Executive Oficer, Meezan Bank Ltd, Karachi, Pakistan	Member
Mr.Osman Elhadi Ibrahem	Managing Director, Shiekan Insurance & Reinsurance CO. LTD, Khartoum, Sudan	Member
Mr Abdulrazzak Mohammed Elkhraijy	Head of Islamic Banking Development Group, National Commercial Bank, Jeddah, KSA	Member
Mr. Ahmed Fayez Al Shamsi	Chief Financial Officer, Emirates Islamic Bank, UAE	Member
Mr. Farid Mansour	Mansour & Co. PricewaterhouseCoopers, Cairo, Egypt	Member
Mr. Noor ur Rahman Abid	Managing Partner of Ernst & Young’s Assurance and Advisory Business Service (AABS) Manama. Kingdom of Bahrain	Member
Dr Ahmed Bin Abdulla Al-Moghames	Secretary General, Saudi Organisation for Certified Public, Accountants (SOCPA), Riyadh, KSA	Member
Dr. Mohamed Nedal Alchaar	AAOIFI’s Secretary General	Member/ Rapparteur