This is so because it was the topic chosen for the Presidential address delivered at the Eightieth Annual Meeting of the American Economic Association on December 29, 1967 1 : an Association which remains one of the foremost scholarly associations of the Economic(s) profession; and has been the scale upon which many nuggets of theoretical insight have been assayed.
11 To reflect the specific needs of Shari’ah-compliant finance, the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) and the IFSB (Islamic Financial Services Board) are working on developing international supervisory standards for instance to improve the corporate governance frameworks or implement capital adequacy and risk management standards for Islamic financial institutions.