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  • Mudaraba

    • CM-8.1.7

      Revenue on Mudaraba contracts may only be recognised to the extent it is being distributed.

      October 07

    • CM-8.1.8

      For a detailed definition, disclosure requirements and method(s) of accounting treatment, refer to AAOIFI's FAS 3: Mudaraba Financing.

      October 07

    • CM-8.1.9

      As part of its on-going supervision of Islamic banks, the CBB 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.

      Amended: January 2011
      October 2007