Naja’atu Bala Rabi’u

A Review of AAOIFI Standards on Accounting for Sukuk Issuance

This paper reviews the provisions of the three Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)’s standards on Accounting for sukuk issuance; Financial Accounting Standards (FAS) 33 and 34 as well as Governance Standard (GS) 12, with a view to appreciating their major provisions for ensuring high quality financial re...