AAOIFI issues Financial Accounting Standard 38 “Wa’ad, Khiyar and Tahawwut”
Manama, Kingdom of Bahrain December 21, 2020 - The Accounting Board (AAB) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has officially issued financial accounting standard (FAS) 38 “Wa’ad, Khiyar and Tahawwut”. The board conducted extensive deliberations including multiple industry consultations where comments were received through public hearing events, as well as, in writing.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Press Release