Accounting and Reporting for Islamic Financial Products
This interactive programme aims to assist finance professionals in examining the typical problems and barriers involved in financial reporting for Islamic financial products. The course delineates the relevant elements and features as defined in the new standards. Attendees will study Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the applicable standards. Besides, the course will allow them to compare International Financial Reporting Standards (IFRS) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) for various commodities related to Islamic finance. Attendees will have the chance to assess the suitable accounting treatments to apply for the essential Islamic financial products, including Istinah, Salam, Musharakah, Mudarabah, Ijarah, and Murabahah. Participants will also get a detailed description of crucial topics related to accounting issues, such as Shariah-compliant hedging instruments, Sukuk, and Takaful.