Issued Standards


Issued Standards

Financial Accounting Statements

Conceptual Framework for Financial Reporting by Islamic Financial Institutions

Financial Accounting Standards (FAS)

FAS 1 – General Presentation and Disclosure in the Financial Statements of Islamic Banks and Financial Institutions

FAS 2 – Murabaha and Murabaha to the Purchase Orderer

FAS 3 – Mudaraba Financing

FAS 4 – Musharaka Financing

FAS 7 – Salam and Parallel Salam

FAS 8 – Ijarah and Ijarah Muntahia Bittamleek

FAS 9 – Zakah

FAS 10 – Istisna’a and Parallel Istisna’a

FAS 11 – Provisions and Reserves

FAS 12 – General Presentation and Disclosure in the Financial Statements of Islamic Insurance Companies

FAS 13 – Disclosure of Bases for Determining and Allocating Surplus or Deficit in Islamic Insurance Companies

FAS 14 – Investment Funds

FAS 15 – Provisions and Reserves in Islamic Insurance Companies

FAS 16 – Foreign Currency Transactions and Foreign Operations

FAS 18 – Islamic Financial Services offered by Conventional Financial Institutions

FAS 19 – Contributions in Islamic Insurance Companies                                                

FAS 20 – Deferred Payment Sale                                                                                     

FAS 21 – Disclosure on Transfer of Assets

FAS 22 – Segment Reporting

FAS 23 – Consolidation

FAS 24 – Investments in Associates

FAS 25 – Investment in Sukuk, shares and similar instruments                                

FAS 26 – Investment in Real Estate

FAS 27 – Investment Accounts