Under IFRS, at the end of an accounting period, held-for-trading sukuk will be valued at its fair

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Under IFRS, at the end of an accounting period, held-for-trading 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 IFRS, at the end of an accounting period, held-for-trading sukuk will be valued at its fair

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Heldfortrading sukuk like any other trading securities are recorded at fair valu...View the full answer

Principles Of Islamic Accounting

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