PIN 5.3.2

The basis of accounting adopted by an Insurer for the purposes of PIN Rule 5.3.1 must be:

(a) in the case of a Takaful Insurer, the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions; or
(b) in any other case, International Financial Reporting Standards.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]