Table VII Proposed rules and standards... | Emerald Publishing

Table VII

Proposed rules and standards for ISWFs

Sr. No.	Details	Principles, standards, guidelines and rules	Total numbers	Proposed to be implemented on Islamic SWFs
1	Santiago Principles		24	All 24 are recommended to be implemented
2	Islamic Financial Service Board (IFSB) (IFSB, 2018)	Standards	19	Relevant are recommended to be implemented with amendments are per requirement and scope of SWFs
3	Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) (AAOIFI, 2018)	(i) Shariah Standards (ii) Accounting statements and standards (iii) Accounting guidance notes (iv) Auditing standards (v) Governance standards (vi) Ethics standards	(i) 48 (ii) 26 (iii) 1 (iv) 6 (v) 7 (vi) 2	Relevant are recommended to be implemented with amendments are per requirement and scope of SWFs

Sr. No.	Details	Principles, standards, guidelines and rules	Total numbers	Proposed to be implemented on Islamic SWFs
1	Santiago Principles		24	All 24 are recommended to be implemented
2	Islamic Financial Service Board (IFSB) (IFSB, 2018)	Standards	19	Relevant are recommended to be implemented with amendments are per requirement and scope of SWFs
3	Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) (AAOIFI, 2018)	(i) Shariah Standards(ii) Accounting statements and standards(iii) Accounting guidance notes(iv) Auditing standards(v) Governance standards(vi) Ethics standards	(i) 48(ii) 26(iii) 1(iv) 6(v) 7(vi) 2	Relevant are recommended to be implemented with amendments are per requirement and scope of SWFs

Note: The table presents the Islamic principles standards, guidelines and rules that can be implemented ISWFs after amendments