Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › which standard apply to Islamic fincial product
- This topic has 8 replies, 3 voices, and was last updated 9 years ago by MikeLittle.
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- October 29, 2015 at 6:16 am #279474
please advice us Islamic financial product such as Sukiuk ,who can be recognized in the financial statement , does its recognize on fair value under IFRS13 and under which financial interment will be classified under financial asset or financial liability
October 29, 2015 at 7:03 am #279480Do you really mean Sukiuk? When I put that into google I find elderly women from Wales wanting to meet me!
Please check your spelling 🙂
October 29, 2015 at 8:44 am #279495I believe that the word is “Sukuk” and I confess that my knowledge of Islamic bonds is pretty close to non-existent 🙁
However, I did find a page on the internet that may help you
“Accounting for sukuk under IFRS and AAOIFI accounting standards”
Try that and let’s hope that it’s helpful
October 30, 2015 at 11:32 pm #279720Would I be correct in saying that Islamic finance is not examinable in P2?
October 31, 2015 at 6:24 am #279749That seems to be a reasonable observation, Neil!
October 31, 2015 at 8:34 pm #279843Phew! And thanks.
November 1, 2015 at 6:58 am #279861Yes, Phew!
November 1, 2015 at 8:48 am #279867l Know its not examine , but as knowledge can you help me which accounting standard apply ,
November 1, 2015 at 8:59 am #279871I can’t – I’m sorry! I have no idea 🙁
Put this into google and see if that helps …..
“Accounting for sukuk under IFRS and AAOIFI accounting standards”
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