Accounting and Auditing Organization for Islamic Financial Institutions

You are kindly required to provide clarification if you are completing the survey information as an / behalf of:

individual expert
commercial entity
regulatory body
accounting body
professional body
Others

please provide details

Full name*

Oragaization*

Country*

Email*

Designation*

Class / type of insurer:

family takaful
general takaful
re-insurer
broker
composite insurer
conventional insurer / reinsurer with a Takaful window
other

please provide details

Please indicate which AAOIFI Financial Accounting Standards (FASs) and / or pronouncements your jurisdiction/institution applies and to what extent.

The local institution/organisation or the local jurisdiction has adopted all AAOIFI accounting standards
The local institution/organisation or the local jurisdiction has adopted certain AAOIFI accounting standards, along with other GAAP or locally developed standards
The local institution/organisation or the local jurisdiction has developed local standards that are in line with AAOIFI accounting standards
The local institution/organisation or the local jurisdiction has developed local accounting standards that are not in line with AAOIFI accounting standards
The local institution/organisation or the local jurisdiction has not adopted any standards and institutions are free to choose – most institutions have opted from AAOIFI accounting standards
The local institution/organisation or the local jurisdiction has not adopted any standards and institutions are free to choose – most institutions have opted other than AAOIFI accounting standards
I am not sure what the accounting framework is

Please indicate which AAOIFI Shari’ah standards and/or pronouncements your jurisdiction/ institution applies and to what extent.

The local institution/organisation or the local jurisdiction has adopted all AAOIFI Shari’ah standards
The local institution/organisation or the local jurisdiction has adopted certain AAOIFI Shari’ah standards, along with other GAAP or locally developed standards
The local institution/organisation or the local jurisdiction has developed local standards that are in line with AAOIFI Shari’ah standards
The local institution/organisation or the local jurisdiction has developed local Shari’ah standards that are not in line with AAOIFI Shari’ah standards
The local institution/organisation or the local jurisdiction has not adopted any standards and institutions are free to choose – most institutions have opted from AAOIFI Shari’ah standards
The local institution/organisation or the local jurisdiction has not adopted any standards and institutions are free to choose – most institutions have opted other than AAOIFI Shari’ah standards
I am not sure what the Shari’ah framework is

Which of the following AAOIFI FAS on Takaful standards do you follow/implement/apply?Please click Here to access (read only) AAOIFI FAS on Takaful

AAOIFI FAS 12 “General Presentation and Disclosure in the Financial Statements of Islamic Insurance Companies”
AAOIFI FAS 13 “Disclosure of Bases for Determining and Allocating the Surplus or Deficit in Islamic Insurance Companies”
AAOIFI FAS 15 “Provisions and Reserves in Islamic Insurance Companies”
AAOIFI FAS 19 “Contributions in Islamic Insurance Companies”

Which of the following AAOIFI Shari’ah standards on Takaful do you follow / implement / apply?Please click Here to access (read only) AAOIFI AAOIFI SS on Takaful

AAOIFI SS 26 “Islamic insurance”
AAOIFI SS 41 “Islamic reinsurance”

Please describe the Takaful model used by your organization:

Wakala model
Mudaraba model
Wakala Waqf model
cooperative model
Other(s)

please explain

Please answer all next questions with respect to both (where applicable):*12-month contract boundaries – for example motor takaful/insurance, health takaful/insurance etc.
**more than 12-month contract boundaries – for example life, term takaful/insurance, savings products, engineering and etc.

*Takaful insurer writing short-term
**Takaful insurer writing long-term

AAOIFI FAS on Takaful Survey

AAOIFI FAS on Takaful Survey

Please answer all next questions with respect to both (where applicable):*12-month contract boundaries – for example motor takaful/insurance, health takaful/insurance etc.
**more than 12-month contract boundaries – for example life, term takaful/insurance, savings products, engineering and etc.

AAOIFI FAS 12 “General Presentation and Disclosure in the Financial Statements of Islamic Insurance Companies”

AAOIFI FAS 13 “Disclosure of Bases for Determining and Allocating the Surplus or Deficit in Islamic Insurance Companies”

AAOIFI FAS 15 “Provisions and Reserves in Islamic Insurance Companies”

AAOIFI FAS 19 “Contributions in Islamic Insurance Companies”

AAOIFI FAS on Takaful Survey

Please answer all next questions with respect to both (where applicable):*12-month contract boundaries – for example motor takaful/insurance, health takaful/insurance etc. **more than 12-month contract boundaries – for example life, term takaful/insurance, savings products, engineering and etc.

AAOIFI FAS 12 “General Presentation and Disclosure in the Financial Statements of Islamic Insurance Companies”

AAOIFI FAS 13 “Disclosure of Bases for Determining and Allocating the Surplus or Deficit in Islamic Insurance Companies”

AAOIFI FAS 15 “Provisions and Reserves in Islamic Insurance Companies”

AAOIFI FAS 19 “Contributions in Islamic Insurance Companies”

Please answer all next questions with respect to both (where applicable):*12-month contract boundaries – for example motor takaful/insurance, health takaful/insurance etc.
**more than 12-month contract boundaries – for example life, term takaful/insurance, savings products, engineering and etc.