AAOIFI’S PRONOUNCEMENTS
A. Financial Accounting Statements
1. Objective of Financial Accounting of Islamic Banks and Financial Institutions
2. Concepts of Financial Accounting for Islamic Banks and Financial Institutions
B. Financial Accounting Standards
1. General Presentation and Disclosure in the Financial Statements of Islamic Banks and
Financial Institutions
2. Murabaha and Murabaha to the Purchase Orderer
3. Mudaraba Financing
4. Musharaka Financing
5. Disclosure of Bases for Profit Allocation Between Owners’ Equity and Investment
Account Holders
6. Equity of Investment Account Holders and Their Equivalent
7. Salam and Parallel Salam
8. Ijara and Ijara Muntahia Bittamleek
9. Zakat
10. Istisna’ and Parallel Istisna’
C. Auditing Standards
1. Objective and Principles of Auditing
2. The Auditor’s Report
3. Terms of Audit Engagement
4. Shari‘ah Supervisory Board: Appointment, Composition, and Report