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  • AA-3A AA-3A Accounting Standards

    • AA-3A.1 AA-3A.1 General Requirements

      • AA-3A.1.1

        Insurance licensees must comply with International Financial Reporting Standards / International Accounting Standards ('IFRS/IAS') and, to the extent that they undertake Shari'a compliant activities, relevant standards issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

        Adopted: January 2007

      • AA-3A.1.2

        Overseas insurance licensees that do not, at the parent company level, apply IFRS/IAS are still required under Paragraph AA-3A.1.1 to produce pro-forma accounts for the Bahrain branch in conformity with these standards.

        Adopted: January 2007