KUALA LUMPUR: The Malaysian Institute of Accountants (MIA) led by MIA Islamic Finance (IF) Committee and Malaysian Accountancy Research and Education Foundation (MAREF)
have launched a comprehensive and current textbook on accounting for Islamic finance.

Intended to bridge the gap in knowledge on applying MFRS for Islamic finance transactions
within the Islamic finance sector, the content will encompass assets, liabilities, equity, income and expenses and disclosures in the financial statements of an Islamic bank, takaful entity MIA launches Islamic finance textbook and Islamic fund management companies.

“MIA is very proud to release this textbook as part of our integrated strategy to help develop competencies and capacity among accountants working in Islamic finance as well as Islamic financial institutions.

“We trust that this will be a useful reference not only for Islamic finance institutions in Malaysia but also for those in other jurisdictions.

“This in turn will strengthen Malaysia’s leadership and influence in the global Islamic finance sector,” added MIA CEO Dr. Nurmazilah Datuk Mahzan at the launch of the textbook yesterday.

Dr. Nurmazilah (sixth left), Mohd Muazzam Mohamed, chairman, MIA Islamic Finance Committee (eighth left), Damanhuri Mahmod, Malaysian Accountancy Research and Education Foundation (Maref) board of trustees (ninth left) with all the donors, writer, reviewers and editors.