"AAOIFI has received complaints and enquiries from several parts of the world about the existence of entities and companies in the software development and technical systems or financial institutions which have products, claiming that their products or their systems are accredited or certified by AAOIFI. Therefore, it is our legitimate and legal duty to clarify that all of these claims are groundless and void," runs a statement on the AAOIFI website.
The AAOIFI stresses that it is not permitted to any party to use AAOIFI’s logo, tradename or intellectual properties without written permission from the organisation, nor to indirectly give an impression that such products are approved or certified by AAOIFI.