Primary statements and Riba: Difference between pages

Latest revision as of 21:20, 7 February 2021

Islamic finance.

Interest.

The prohibition of interest is one of the most significant principles of Islamic finance.

Riba is the Arabic word for increase, or excess.

(Not to be confused with RiBa.)

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-''Financial reporting''.
+<i>Islamic finance</i>.
-Under International Accounting Standards (IAS) the main accounting statements required to be presented.
+Interest.
+The prohibition of interest is one of the most significant principles of Islamic finance.
-These are:
+''Riba'' is the Arabic word for increase, or excess.
-* Statement of financial position.
-* Income statement (which can be included in the statement of comprehensive income).
-* Statement of comprehensive income.
-* Statement of changes in equity.
-* Statement of cash flows.
+<i>(Not to be confused with RiBa.)</i>
-The primary statements are supported by Notes providing additional and more detailed financial information.
+== See also ==
+* [[Interest]]
+* [[Islamic finance]]
+* [[RiBa]]
-== See also ==
+[[Category:Compliance_and_audit]]
-* [[Income statement]]
+[[Category:Ethics]]
-* [[International Accounting Standards]]
+[[Category:Cash_management]]
-* [[Notes]]
+[[Category:Financial_products_and_markets]]
-* [[Statement of cash flows]]
+[[Category:Liquidity_management]]
-* [[Statement of changes in equity]]
-* [[Statement of comprehensive income]]
-* [[Statement of financial position]]
-* [[Statement of profit or loss and other comprehensive income]]