March 19 (Reuters) - The International Accounting Standards Board (IASB) will consult with banks across the Middle East and Asia on how to bridge differences between accounting practices in Islamic ...

London (Reuters) – The rapid growth of Islamic finance is increasing pressure on the industry to enter the accounting mainstream, by seeking guidance from the International Accounting Standards Board, ...

Even as the Securities and Exchange Commission weighs the comments that were due this week on its proposed roadmap to International Financial Reporting Standards, IFRS could be on a convergence path ...

* Islamic banks adapting to IFRS accounting rules * All major Islamic financial products affected * Potential impact on credit ratings, profitability By Bernardo Vizcaino Nov 28 (Reuters) - ...

February 2007 To professional accountants who have been brought up on the idea of accounting as an "objective," technical and value-free discipline, the idea of attaching a religious adjective to ...

KARACHI, March 24: The State Bank of Pakistan, with the help of Institute of Chartered Accountants of Pakistan (ICAP), would make the implementation of Islamic Financial Accounting Standards (IFAS-2) ...

The Federal Shariat Court’s (FSC) landmark ruling in April 2022, aiming to eradicate interest from Pakistan’s economy by December 2027, marked a significant turning point in the nation’s financial ...

The Federal Shariat Court’s (FSC) groundbreaking decision in April 2022 signalled a major shift in Pakistan’s financial sector by aiming to eliminate interest from the economy by December 2027. As the ...

AFTER morning coffee but before the keynote speaker came the muezzin’s recitation from the Koran: “Those who consume interest cannot stand except as one stands who is being beaten by Satan into ...

(Reuters) - Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules due to come into force in 2018.

(Reuters) - Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules due to come into force in 2018.