| TOPIC | CONTENT |
| 1 | Overview of the Islamic Financial System
· Islamic Economic principles relevant to Islamic finance · The meaning and concept of Riba, Gharar and Maisir · The modus operandi of Islamic financial institutions · Accounting implications |
| 2 | Accounting for Islamic Financial Institutions
· Difference between conventional and Islamic accounting · The need for and development of Islamic accounting · The regulatory and governance framework · The objectives of financial accounting for IFIs |
| 3 | Accounting for Mudaraba Transactions: Financing
· Nature of Mudaraba contracts · Mudaraba Financing · Accounting for Mudaraba · Presentation and disclosure of Mudaraba
|
| 4 | Accounting for Musharakah Transactions
· Nature of Musharakah contract · Musharakah Financing and Investment principles · Accounting for Musharakah · Presentation and disclosure of Musharakah
|
| 5 | Accounting for Murabaha and BBA Transactions
· Nature of Murabaha contract · Murabaha Financing Principles · Bai Bithamin Ajil · Accounting for Murabaha · Presentation and Disclosure of Murabaha |
| 6 | Accounting for Salam and Istisna’ Transactions
· Nature of Salam and Istisna’ contracts · Salam financing principles · Istisna’ financing principles · Accounting for Salam and Istisna’ · Presentation and Disclosure of Salam and Istisna’ |
| 7 | Accounting for Ijarah Transactions
· Nature of Ijarah contract · Ijarah financing principles · Accounting for Ijarah · Presentation and disclosure · AITAB |
| 8 | Accounting for Mudaraba Transactions: Investments
· Nature of Mudaraba deposits · Mudaraba Deposit Principles · FAS 5: Profit allocation, FAS 11: Provision and reserves and FAS 6: Equity of Investment account holders · Accounting for Mudaraba · Presentation and disclosure |
