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2 Day workshop on2 Day workshop onDay workshop on

ISLAMIC ALM &SL AM I C AL M &SL AM I C AL M &ISLAMIC ACCOUNTINGISLAM IC AC C O UNTINGISLAM IC AC C O UNTING

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BETA ESSEN TIA LS

7/28/2019 Betaessentials - Islamic ALM and Islamic Accounting-1

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Day- 1

Introduction

Banking success

Trust in Islamic banks

Source of public confidence

Imperative need for Accounting Standards

Key concept of Islamic bank

Mechanism

Compliance to Shariah

PLS investment alternatives

Unrestricted investments

Restricted investments

Fiduciary service for funds devoted to

Balance Sheet

Assets Side

Murabaha

Ijara

Salam

Mudarabah

Musharakah

Liability side

Users of Financial Reports

Objectives of Financial Reports

Basic assumptions and Criteria

Liabilities

Unrestricted investment accountsNet, worth

Minority interest

Islamic Banks' Processing of rights

Recognition

Measurement

Recording

Presentation

Objectives of financial accounting

General layout of Islamic financial statements

Main categories of Islamic financial statements

Islamic Bank's function as an investor

The assumptions

Accounting unit

On-going concern

Periodicity

Stability of purchasing power

Qualitative Criteria of Islamic

Usefulness

Relevance

Reliability

Comparability

Consistency

Preparation and presentation criteria in

Materiality

Cost of information

Adequate disclosure

Measurement and Revaluation

Accounting measurement

Measurable attributes

Justice consideration

Issue of Revaluation

Revaluation of assets/liabilities

Islamic Accounting

accounting information

and obligations

social purposes

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Day- 2

ALM in Islamic Banking

Definitions

Assets

Liabilities

Unrestricted Investments and their equivalents (Unrest. part. bonds)

Owners' equity

Asset Liability Management on Islamic Balance Sheet

Cash and cash equivalent

Receivables ( Murabaha, Salam, Istisnaa)

Investment securities

Mudarabah investment

Musharakah investment

Investment in other entities

Inventories

Investment in real estate

Assets acquired for leasing

Other investments (disclosure of their types)

Fixed assets (disclosure of depreciation for significant asset types )

Other assets (disclosure of significant types)

Liability Side

Liabilities

Equity of unrestricted investment account holders and their equivalents

Owners' equity

Liability Disclosure

Current accounts, saving accounts and other accounts with separate disclosure of each category

Deposits of other banks

Salam Payable

Istisnaa Payable

Declared but undistributed profits

Zakah and taxes payable

Other accounts payable

Statement of sources and uses of funds in the Zakah and Charity Fund

Disclosure

Complexities in ALM Practices for Islamic Banking

Assets Disclosure

Drawing up of Islamic Balance Sheet for ALM Purpose

Zakah

For Limited liability Company

Bank as an agent of Zakah

Disclosure

Master sheet preparation for ALM - A case study

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