AAOIFI on Tuesday announced that the AAOIFI certification granted to Islamic banking and finance information systems offered by International Turnkey Systems (ITS) has been withdrawn with effect from 1 October 2013.
“AAOIFI no longer certifies that the Islamic banking and finance information systems offered by International Turnkey Systems (ITS) as being compliant to AAOIFI standards, and bears no responsibility on the Shari’a compliance of their systems,” AAOIFI in a statement said.