Under AAOIFI, at the end of an accounting period, available for sale sukuk will be valued at

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Under AAOIFI, at the end of an accounting period, available for sale sukuk will be valued at its fair value. The unrealised gains or losses from the remeasurement will be recognised

a. in the operating income.

b. in ‘other comprehensive income’ (OCI).

c. in ‘investment fair value reserve’.

d. in the statement of financial position.

e. as an off-balance-sheet item.

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Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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Question Posted: Jan 31, 2024 04:03 AM

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Under AAOIFI, at the end of an accounting period, available for sale sukuk will be valued at

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The correct answer is b in other comprehensive income OCI Explanation Under t...View the full answer

Principles Of Islamic Accounting

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