Maybank Islamic (website) was incorporated in 2008 with a current paid up ordinary share capital of RM246,362,000 as of 2015. Its services are
located in 16 branches throughout Malaysia and also co-located in 399 Maybank
branches. Its level of compliance to MFRS and AAOIFI accounting standards are
tabled below:
Table
4.5: 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
|
33.3%
|
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 (33.3%), SOCIE (95%) and SCF (100%). It does not present SSUCF and
SORI as financial statement. However, it shows the SSUF in the notes to
financial statement (Financial statement).
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