Islamic standard for Ijarah - IFAS 2
Thursday, January 29, 2009
State Bank of Pakistan has decided to allow implementation of Islamic Financial Accounting Standard for Ijarah (IFAS 2) w.e.f January 01, 2009. Accordingly, Islamic Banking Institutions (IBIs) shall ensure that henceforth all returns / statements submitted to State Bank as well as the Quarterly/Annual Financial Statements shall be prepared in line with this Standard.
To see the complete standard click here!
Ref: SBP
Labels: accounting
posted @ 12:11 PM,
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