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
which standard apply to Islamic fincial product
11y ago#1Do you really mean Sukiuk? When I put that into google I find elderly women from Wales wanting to meet me!
Please check your spelling :-)
11y ago#2I 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
Would I be correct in saying that Islamic finance is not examinable in P2?
11y ago#4That seems to be a reasonable observation, Neil!
Phew! And thanks.
11y ago#6Yes, Phew!
l Know its not examine , but as knowledge can you help me which accounting standard apply ,
11y ago#8I 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”