Dr Imran Usmani, CEO and president of Usmani and Co. Shariah Advisors addressed at the 20th AAOIFI Annual Shariah Boards Conference at Bahrain . He introduced the concept of Running Musharakah that has been a successful product in the banks of pakistan. Running Musharakah facility gives similar effects of overdraft product on the customers’ balance sheet. AAOIFI is an Islamic international autonomous non for profit corporate body that prepares accounting, auditing, governance , ethics and shariah standards for Islamic financial institutions and the industry .