Browsing by Subject "AAOIFI"
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PublicationRegulatory compliance of IFRS-7: A case study on the Islamic Banks of Bangladesh( 2014-06)
;Md. Ferdausur Rahman ;Md. Ismail HossainNusrat SultanaThe paper is an earnest effort to inspect the prevailing accounting standard for the Islamic banks and find out the extent of their compliance. Banking industry’s nature of operation is totally diverse. Recognizing this aspect, some specific IFRS (International Financial Reporting Standard) have been prescribed for them. One of which is IFRS 7. Institute of Chartered Accountants of Bangladesh prescribed to comply with IFRS-7 from on or after 1st January, 2010. As per requirement, all Islamic banks are required to comply with the standard to uphold the stakeholders’ interest. And the result of the study shows that all of the Islamic banks compliance almost 70.71% of the IFRS # 7 requirement. Finally this study recommend on the degree of compliance for the Islamic banks financial reporting.