According to the AAOIFI, FAS 1 paragraph 2, financial statements of an entity of Islamic banks consists of:

Question

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According to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Financial Accounting Standard (FAS) 1, the financial statements of an Islamic bank include a statement of financial position (balance sheet), an income statement, and a statement of cash flows, among other reports.

According to the AAOIFI, FAS 1 Paragraph 2, Financial Statements