AAOIFI’s Accounting Board (AAB) Translation Committee has finalised and approved the issuance of the Arabic version of Financial Accounting Standard (FAS) 41 “Interim Financial Reporting”. The English version of this standard was issued on 22 December 2022.

This standard aims to provide guidance on interim financial reporting to cater for the information needs of the users of financial statements of the institutions, particularly concerning matters distinct to Islamic finance.

This standard prescribes the principles for the preparation of interim financial reports and the relevant presentation and disclosure requirements, emphasising the minimum disclosures specific to the Islamic financial institutions (the institutions) in line with various AAOIFI Financial Accounting Standards (FAS).

This standard became effective for the financial periods beginning on or after 1 January 2023.

To view the Arabic version, please click on the following link: link