PRU-EPRS 1.6 Instructional Guidelines — Form B20 — Statement of Financial Position — Islamic Financial Institutions

Past version: effective from 16/12/2007 - 13/04/2013
To view other versions open the versions tab on the right

Purpose

Form B20 — Balance sheet is intended to capture the financial position of an Islamic Financial Institution (IFI) at the end of the reporting period.

Applicability

This form is applicable to the Authorised Firms categorised under prudential category 5 and Authorised Firms classified under categorised 1, 2, 3 and managing PSIAs within an Islamic Window.

Content

The form is designed to capture information pertaining to the Authorised Firm's on-balance sheet and off-balance sheet assets, liabilities and shareholders' equity at a given point in time. The form enables reporting of assets and liabilities pertaining to the Restricted and Unrestricted PSIA accounts separately, apart from presenting the balance sheet of the IFI.

Structure of the form in EPRS

The form is split into two linked forms. The first linked form is intended to capture information pertaining to assets and liabilities on the Authorised Firm's own balance sheet which are its self-financed business and the assets and liabilities of Unrestricted PSIAs managed by the Authorised Firm. The second linked form is designed to capture information pertaining to the assets and liabilities of Restricted PSIAs managed by the Authorised Firm.

Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]