• Definitions of Ijara• Identifying (and separating) an Ijarah• Classification of Ijarah• Ijarah term• Accounting and financial reporting by the lessee.• Accounting and financial reporting by the lessor.• Ijarah MBT: transfer of underlying asset’s ownership.• Sale and Ijarah-back transactions• Other related accounting treatments such as Hamish Jiddiyah, Forward Ijarah

Fintech has witnessed relative success in a short time span. Its growth is facilitated by concerted efforts from practitioners, entrepreneurs and policymakers who are developing the required infrastructure.This session aims to discuss the need for improved Shari’ah governance in fintech institutions and how fintech based solutions can be used to […]

The role of Islamic finance windows in developing the global Islamic finance industry has been of immense importance. This has given rise to a number of discussions within the industry from Shari’ah, governance and accounting perspectives and have heighted certainchallenges and need for adopting best practices.AAOIFI has undertaken multiple projects […]

During the phases of introduction, development and growth of Islamic banking and finance industry, the availability of human resource has always been one of the greatestchallenges. Although in the developed markets, still the challenges are great, particularly, in the nascent markets.The session aims to discuss and highlight some of the […]

In addition to innovative disruptions in technology transforming the operations ofinsurance and Takaful, the industry also has a major role to play in enabling countriesand institutions to develop their responsive capacity to economic, pandemic and climateshocks.Concurrently, international accounting standard-setting bodies have completed multipleprojects related to the accounting of insurance. In […]

The role of social finance in the Islamic economy has been discussed at length, yet thesector has always been isolated from Islamic commercial finance. As such, t here is a need to discuss ways and means for its integration and to leverage its potential for the betterment of the society.The […]

Food security is one of the most critical issues worldwide as countries are heavily affectedby shrinking water resources, extreme environments and disruption in supply chain due to pandemics and wars, directly impacting the availability, price and stability of food items. The development of local and global agri-food supply chains is […]