Rule · CBJ · 17 Nov 2008
The Central Bank mandates that Islamic banks amend their submitted financial data forms to incorporate a modification to Paragraph 7 of Financial Accounting Standard (FAS) 17, as determined by the Accounting and Auditing Organization for Islamic Financial Institutions. This amendment must be applied to the forms previously requested in letter No. (371/1/10) dated January 9, 2008. The revised requirements become effective starting July 1, 2008.
In the name of Allah, the Most Gracious, the Most Merciful
Number: 12253/1/10
Date: 19/11/1429 AH
Corresponding Date: 12/6/2008 AD
Form (1/01/01)
Greetings,
Given that the Accounting and Auditing Organization for Islamic Financial Institutions has made an amendment to Paragraph (7) of Financial Accounting Standard No. (FAS 17), the Central Bank has decided to adopt this amendment. Accordingly, please implement the attached amendment to the financial data forms reported to you pursuant to our letter No. (371/1/10) dated 2008/1/9, with this amendment taking effect from 2008/7/1.
Accept our highest regards,
(A. Eid)
Governor
Dr. Amieh Salah Toukan
P.O. Box 37 ● Amman 11118 - Jordan ● Phone 4630301 ● Telegram BANKCEN/Amman ● Fax 4638889, 4639730, 4613308
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“pursuant to our letter No. (371/1/10) dated 2008/1/9”
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