IFRS or AAOIFI? We’ll stick with the former, say Malaysian accounting experts

IFRS or AAOIFI? On January 1, 2016, private companies in Malaysia officially adopted the International Financial Reporting Standards (IFRS) to streamline cross-border financial reporting. For the Islamic finance industry, Malaysia’s…

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MARC AFFIRMS BANK MUAMALAT’S FINANCIAL INSTITUTION RATINGS AT A/MARC-1

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently affirmed its AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up…

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