WORLD - STANDARDS - AAOIFI Exposure Draft - Financial Accounting Standard No 26 on Investments in Real Estate

2012 AAOIFI - Exposure Draft of New Accounting Standard on Investment in Real Estate - January 2012

WORLD - STANDARDS - AAOIFI Exposure Draft - Financial Accounting Standard No 26 on Investments in Real Estate

Dear Sirs,

We would like to firstly thank you for your support of AAOIFI.

We are pleased to attach herewith the exposure draft of a proposed new accounting standard on investment in real estate.

We would like to invite comments and suggestions relating to the exposure draft. Comments and suggestions should be e-mailed to adv@aaoifi.com or eman@aaoifi.com before Sunday 8 April 2012.

We would also like to invite you to attend the public hearing meetings to discuss the exposure draft. The public hearing meetings are scheduled to be held tentatively as follows:

· in Manama, Bahrain on Thursday 22 March 2012 (10:00 a.m.); and
· in Doha, Qatar on Thursday 29 March 2012 (10:00 a.m.).

Please e-mail to adv@aaoifi.com or eman@aaoifi.com if you would like to attend the public hearing meetings. Further details of the meetings, including exact venues, will also be announced nearer to the above dates.

We look forward to receiving your comments and suggestions on the exposure draft, and to welcoming you to the public hearing meetings.

Thank you again for your support.

Thank you,

Best regards,

Eman Al-Shoala
, ,
Administrative Assistant
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
P.O.Box: 1176
Manama, Kingdom of Bahrain
Phone: 973 17 244496
Fax: 973 17 250194

NOTE webmaster : just for some additional background, see amongst others:

IFSB, Capital adequacy requirements for sukuk securitizations and real estate investments, 2009 Guideline No 7, can be accessed  http://www.ifsb.org/standard/ifsb7.pdf

MIFC, Guidelines for Islamic Real Estate Investment Trusts, 2005, can be accessed http://www.mifc.com/index.php?ch=menu_foc_ifm&pg=menu_foc_ifm_gui&ac=368

Hasroleffendy Hassan, Islamic Property Financing in Malaysia: Critical Appraisals and Practical Recommendations, 2011 International Conference on Sociality and Economics Development
IPEDR vol.10 (2011) - can be accessed http://www.ipedr.com/vol10/69-S10015.pdf

MALAYSIA - REGULATIONS - New Exposure Drafts from IFSB

Exposure Drafts

ED12: Guiding Principles of Liquidity Risk Management
[ ENGLISH]

ED13: Guiding Principles of Stress Testing
[ ENGLISH]

MALAYSIA - REGULATIONS - The IFSB issues two new Exposure Drafts for Public Consultation

ameinfo.com - The Islamic Financial Services Board (IFSB) issues two new Exposure Drafts (EDs) for a three-month Public Consultation period starting today. The EDs are drafts of guiding principles on: 1) Liquidity Risk Management and 2) Stress Testing for institutions offering Islamic financial services (IIFS).

The drafts were approved for issuance by the Technical Committee, in its 25th meeting held in Abu Dhabi on 6 October 2011. The IFSB invites comments from among regulatory and supervisory authorities, international organisations, market players, academics and other interested parties on the two drafts.  (source)