BETA ESSENTIALS

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2 Day workshop on

ISLAMIC ALM & ISLAMIC ACCOUNTING

Day- 1
Introduction
Banking success Trust in Islamic banks Source of public confidence

Users of Financial Reports Objectives of Financial Reports Basic assumptions and Criteria
The assumptions
Accounting unit On-going concern Periodicity Stability of purchasing power

Imperative need for Accounting Standards Key concept of Islamic bank

Mechanism Compliance to Shariah PLS investment alternatives
Unrestricted investments Restricted investments

Qualitative Criteria of Islamic accounting information

Usefulness Relevance Reliability Comparability Consistency

Fiduciary service for funds devoted to social purposes Balance Sheet Assets Side
Murabaha Ijara Salam Mudarabah Musharakah

Preparation and presentation criteria in Islamic Accounting

Materiality Cost of information Adequate disclosure

Liability side
Liabilities Unrestricted investment accounts Net, worth Minority interest

Measurement and Revaluation

Accounting measurement Measurable attributes Justice consideration

Islamic Banks' Processing of rights and obligations

Recognition Measurement Recording Presentation

Issue of Revaluation
Revaluation of assets/liabilities

General layout of Islamic financial statements Main categories of Islamic financial statements Islamic Bank's function as an investor

Objectives of financial accounting

Day- 2
ALM in Islamic Banking
Disclosure Definitions
Assets Liabilities Unrestricted Investments and their equivalents (Unrest. part. bonds) Owners' equity

Complexities in ALM Practices for Islamic Banking Master sheet preparation for ALM - A case study Asset Liability Management on Islamic Balance Sheet Drawing up of Islamic Balance Sheet for ALM Purpose Assets Disclosure
Cash and cash equivalent Receivables ( Murabaha, Salam, Istisnaa) Investment securities Mudarabah investment Musharakah investment Investment in other entities Inventories Investment in real estate Assets acquired for leasing Other investments (disclosure of their types) Fixed assets (disclosure of depreciation for significant asset types ) Other assets (disclosure of significant types)

Liability Side
Liabilities Equity of unrestricted investment account holders and their equivalents Owners' equity

Liability Disclosure
Current accounts, saving accounts and other accounts with separate disclosure of each category Deposits of other banks Salam Payable Istisnaa Payable Declared but undistributed profits Zakah and taxes payable Other accounts payable

Statement of sources and uses of funds in the Zakah and Charity Fund
Zakah For Limited liability Company Bank as an agent of Zakah Disclosure

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PROGRAMME FEE
Full Price: USD 2,000 Per Participant Early Price : USD 1,800 Per Participant
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