CIBAFI COMMENTS TO THE Accounting and Auditing organization for Islamic Financial Institutions


CIBAFI provided its comments to the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) on the Exposure Drafts (EDs) on “Accounting for Takaful: Recognition and Measurement”, the Revised Financial Accounting Standard (FAS) 12: “Presentation and Disclosures in the Financial Statements of Takaful Institutions”, and the Revised FAS 18: “Financial Reporting for Islamic Financial Services Offered by Conventional Financial Institutions”.

In its comments, CIBAFI thanked the AAOIFI for giving the opportunity to the Islamic financial services industry to comment on the EDs and provided collective feedback of its member institutions from over 34 jurisdictions.

CIBAFI Comments on Presentation and Disclosures in the Financial Statements of Takaful Institutions

CIBAFI Comments on Accounting for Takaful Recognition and Measurement

CIBAFI PDGCIBAFI comments on Financial Reporting for Islamic Financial Services Offered by Conventional Financial Institutions

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