Similarities and differences between three different (Musharakah financing) accounting standards which are: Musharakah financing standards under (AAOIFI FAS 4) , Malaysian Musharakah financing accounting standards under (MFRS) and Indonesian Musharakah financing accounting standards under (PSAK 106)

The comparison must be in terms of:

1- The concept of Musharakah financing.

2-Recognition of Musharakah financing

3-Measurement of Musharakah financing

4- Disclosure of Musharakah financing

Answer rating: 100% (QA)

Solution 1 Musharakah is a joint enterprise or partnership structure in Islamic finance in which partners share in the profits and losses of an enterp... View the full answer