Home | April 2015News | The Islamic Finance Industry Must Harmonize Financial Reporting |
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The Islamic Finance Industry Must Harmonize Financial Reporting
- The Islamic Finance Industry Must Harmonize Financial Reporting
- April 11, 2015
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An Islamic Perspective of Accounting, Finance, Economics and Management (IPAFEM) Conference takes place in Glasgow, Scotland, United Kingdom April 7-9, 2015.
Dubai, UAE - Camille Paldi, FAAIF CEO, participates in IPAFEM 2015 in Glasgow, Scotland. Paldi described the inconsistent and incoherent financial reporting practices used by Islamic banks today and suggested that the industry adopt the KFH (Bahrain) B.S.C.(c) Public Disclosure Report as a template to be used across the Islamic finance industry. The report can be easily found on google. Paldi explains that banks across the industry use different accounting methods and reporting techniques and th...
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