The concept that indicates that life of the Islamic bank should be broken into reporting periods to prepare financial reports that provide interested parties with information or directions by which they can evaluate the performance of the accounting unit is known as:

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The concept of periodicity in accounting refers to dividing the operational life of a business into smaller, consistent time periods for the purpose of financial reporting. This allows for the preparation of financial statements at regular intervals (e.g., monthly, quarterly, annually) so that interested parties can assess the performance of the entity over time. In the context of Islamic banking, this concept ensures that stakeholders can evaluate the bank's financial health and operations periodically.

The Concept That Indicates That Life of the Islamic Bank