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which standard apply to Islamic fincial product

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.
Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • October 29, 2015 at 6:16 am #279474
    alryami2009
    Member
    • Topics: 53
    • Replies: 36
    • ☆☆

    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 #279480
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Do 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 #279495
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    I 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 #279720
    neilsolaris
    Member
    • Topics: 59
    • Replies: 415
    • ☆☆☆

    Would I be correct in saying that Islamic finance is not examinable in P2?

    October 31, 2015 at 6:24 am #279749
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    That seems to be a reasonable observation, Neil!

    October 31, 2015 at 8:34 pm #279843
    neilsolaris
    Member
    • Topics: 59
    • Replies: 415
    • ☆☆☆

    Phew! And thanks.

    November 1, 2015 at 6:58 am #279861
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Yes, Phew!

    November 1, 2015 at 8:48 am #279867
    alryami2009
    Member
    • Topics: 53
    • Replies: 36
    • ☆☆

    l Know its not examine , but as knowledge can you help me which accounting standard apply ,

    November 1, 2015 at 8:59 am #279871
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    I 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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Viewing 9 posts - 1 through 9 (of 9 total)
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