Murabahah is a common sale-based contract used in Islamic financial transactions.
Malaysia
Malaysia Latest News, Opinion and Technical Articles for Accounting, Tax, Finance, Audit and related Technology.
Posted inFinancial Accounting
Practice Statement Exposure Draft on Management Commentary: What should you know?
IASB exposure draft on Practice Statement on management commentary proposes guidance on how and what information included in the commentary.
Posted inIslamic Finance
Financial Reporting for Waqf Institutions: What’s there?
In this article, we bring you the summary of key financial reporting requirements for Waqf institutions under the newly released AAOIFI FAS 37.
Posted inTechnology
Digital Competency Assessment Tools: Your first step to Embrace Technology
It is time to perform check on digital competency for accountants. Find out the available digital competency assessment tools in this article.
Posted inFinancial Accounting
Intangible Assets: Comparison between MPSAS 31, MFRS 138 and Section 18 of MPERS
Find out the differences in financial reporting requirements for intangible assets under MPSAS 31, MFRS 138 and Section 18 of MPERS.
Posted inFinance
Bank Negara Malaysia releases the Revised Reference Rate Framework
Bank Negara Malaysia has released a revised Reference Rate Framework, which will be effective from 1 August 2022 onwards.
Posted inIslamic Finance
The importance of Shariah Screening in Islamic Finance
The article shares what is Shariah screening, the methodology and the benchmarks used to screen companies whether they are as Shariah-compliant.
Posted inIslamic Finance
SC Malaysia releases Shariah Screening Assessment Toolkit for the Unlisted MSMEs
SC Malaysia in its ongoing efforts to enhance the ecosystem has released Shariah Screening Assessment Toolkit, it has total of 6 questions.
Posted inFinancial Accounting
Factsheet Series: 9 Key takeways of IFRS 8 Operating Segments
The article summarises the key financial reporting requirements for disclosure of information relating to operating segments under IFRS 8.
Posted inFinancial Accounting
Exposure Draft: The Proposed Disclosures Simplification for Subsidiaries Without Public Accountability
The article summarises the proposal by IASB on a new standard to simplify the disclosures requirements for subsidiaries without public accountability.