Under IFRS, deposits of investment account holders are treated by the Islamic bank as: a. Equity b.

Question:

Under IFRS, deposits of investment account holders are treated by the Islamic bank as:

a. Equity

b. Asset

c. Quasi-equity

d. Liability

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

See More Books

Question Posted: Mar 11, 2024 03:31 AM

See More Questions

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
Mr . Abdou wants to buy a penthouse in Rome priced at GBP 5 0 0 , 0 0 0 . Mr . Abdou puts a down - payment of 2 0 % ( GBP 1 0 0 , 0 0 0 ) and finances the remaining 8 0 % ( GBP 4 0 0 , 0 0 0 ) using...
A financial institution can borrow $100 million for 2 years at 3%. It plans to invest this money in a 1-year security with an interest rate of 4.8% per year. Calculate net interest income for the...
Explain how fundamental analysis, technical analysis, or the efficient market hypothesis can be used to best describe price movements for the stock market?
On January 1, 2015, Magilla Inc. granted share options to officers and key employees for the purchase of 20,000 of the companys 10 par ordinary shares at 25 per share. The options were exercisable...
Calculate the energy density versus temperature very early in the universe when the temperatures were above $k T=300 \mathrm{MeV}$. At those temperatures, quarks and gluons were released from...
Chapman Construction Company is a building contractor specializing in small commercial buildings. The company has the opportunity to accept one of two jobs; it cannot accept both because they must be...
Given that R is the relation defined on TL as follows: "For every m, n = Z, m R n 3|(m-n). (a) Prove that the relation is an equivalence relation. (b) Identify the distinct equivalence classes of...
Which of the following is not a characteristic of Sukuk? a. The returns are generated from the underlying assets in the Sukuk. b. In the sale of Sukuk, a particular share of an asset is sold. c....
The Islamic bank should derecognise the investment accounts from its books when: a. It pays the annual profit to its investors. b. It returns the investment amount to the investors. c. The investment...
Solve the following initial value problems and leave the solution in implicit form. Use graphing software to plot the solution. If the implicit solution describes more than one curve, be sure to...
Find the horizontal asymptote, if any, of the graph of the rational function. g(x) = 16x2 2 4x +5
1.) Is sea power/sea control important for a country? Explain your answer and sight instances on how sea control benefits a country. How can we (Filipinos) as a Nation change our attitude and mindset...
Please read the case study, Facebook: A Case Study in Ethics (link is provided below) and the ethical challenges with social media and big data. Summarize the challenges and refer some remedies for...
ask 3: Case Study Report ask Description ne student writes an academic management report based on their chosen case study from the above otions. he case study report must contain the following...
Suppose E is the elementary matrix that transforms -2 4 1 ([72 1] into [12 11 ] 0 Find E and E-1.01
What is the total energy of a proton whose kinetic energy is 25GeV? What is its wavelength?
A certain Christmas tree ornament is a silver sphere having a diameter of 8.50 cm. Determine an object location for which the size of the reflected image is three-fourths the size of the object. Use...
Firms often enter into transactions that are peripheral to their core operations but generate gains and losses that must be reported on the income statement. A gain labeled peripheral by one firm may...
Vulcan Materials Company, a member of the S&P 500 Index, is the nations largest producer of construction aggregates, a major producer of asphalt mix and concrete, and a leading producer of cement in...
Northrop Grumman Corporation is a leading global security company that provides innovative systems products and solutions in aerospace, electronics, information systems, shipbuilding, and technical...
Using your organisation or any suitable practical case of your choice, analyse their enterprise development programme (EDP). In your analysis of the EDP of your choice, explain the programme...
As we continue our inspection journey, we transit to a large production facility. We walk through an area of large mixing and storage vats, which is tranquil compared to the other two workplaces. The...
How has current global events, such as the COVID-19 pandemic and fear of environmental deterioration, affected the state of globalization today? Do you think globalization will continue to thrive or...

Under IFRS, deposits of investment account holders are treated by the Islamic bank as: a. Equity b.

Question:

Step by Step Answer:

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

Students also viewed these Business questions