CM-8.3 CM-8.3 Mudaraba
CM-8.3.1
Revenue on Mudaraba contracts may only be recognised to the extent it is being distributed.
CM-8.3.2
For a detailed definition, disclosure requirements and method(s) of accounting treatment, refer to AAOIFI's FAS 3: Mudaraba Financing.
CM-8.3.3
As part of its ongoing supervision of Islamic banks, the Agency has set out the type of terms and conditions (see Appendix BC 7) which it believes Islamic banks should include, as a minimum, in such contracts.
