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  • Istisna'a and parallel Istisna'a contracts

    • CA-1.3.16

      The accounting for these contracts should be in accordance with Financial Accounting Standard (FAS) No. 10: Istisna'a and Parallel Istisna'a, issued by AAOIFI.

      October 07

    • CA-1.3.17

      Istisna'a and parallel Istisna'a contracts would attract risk weighting as per the credit standing of the respective counterparties in accordance with the Basel Committee.

      October 07