Islamic Bank Balance Sheet And Profit And Loss Account

Islamic Bank Balance Sheet and Profit and Loss Account




The format of an Islamic bank’s balance sheet has a very significant difference, namely, the investors’ (deposit) funds, except current accounts, are not reported as the bank’s liabilities, since they are accepted on a fiduciary basis. These funds are reported in the balance sheet below the line as funds under management. Ideally the bank’s balance sheet will have two parts - one showing

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