Hello World 1AAOIFI issues three financial accounting standards (FASs), namely FAS 45 “Quasi-Equity (Including Investment Accounts)”, FAS 46 “Off-Balance-Sheet Assets Under Management” and FAS 47 “Transfer of Assets Between Investment Pools” officially in ArabicHello World 1

AAOIFI’s Accounting Board (AAB) Translation Committee has finalised and approved for issuance the Arabic version of Financial Accounting Standard (FAS) 45 “Quasi-Equity (Including Investment Accounts)”,…