HSBC Amanah Malaysia Berhad was incorporated in February 2008 and
commenced operations in August 2008. It has a paid up capital of RM50,000,000
as of 31 December 2015. It offers personal Islamic financing as well as
business financing.
Its compliance level to MFRS and AAOIFI accounting standards are
as follows:
Table
4.10: Level of compliance to MFRS and AAOIFI standards
|
No.
|
Financial statement
|
Conformity
|
|
1.
|
Statement on adoption
of AAOIFI
|
Nil
|
|
2.
|
Statement on adoption
of MFRS
|
100%
|
|
3.
|
Statement of financial
position
|
65.0%
|
|
4.
|
Statement of profit or
loss
|
44.4%
|
|
5.
|
Statement of changes in
equity
|
95%
|
|
6.
|
Statement of cash flow
|
100%
|
|
7.
|
Statement of sources and uses of charity fund
|
Yes (notes)
|
|
8.
|
Statement of restricted
investment
|
No
|
The
bank complies with MFRS and also conforms to AAOIFI in presentation of SOFP
(65%), SOPL (44.4%), SOCIE (95%) and SCF (100%). It does not present SSUCF and
SORI as financial statement but show SSUCF in notes to financial statement.
No comments:
Post a Comment