Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia |
2012, May 22
2012, May 22 
With institutions reporting and disclosing similar transactions in different ways, problems of market confidence and competitiveness become more acute for those institutions themselves as well as for the development of Islamic finance in general. It is important that all stakeholders across the global markets come together and harmonise financial reporting of Islamic finance, reports the ACCA.
Inside:
| Attachment | Size |
|---|---|
| Harmonising_Reporting_Islamic_Finance_ACCA.pdf | 795.25 KB |
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I believe that to achieving harmonisation, it is very important to consider the interest of all stakeholders.
However at any point it is important that some stakeholders sacrifice their personal interest to the general good of all the other stakeholders such that a particular group should not threaten strict compliance with its personal interest, or will act otherwise.
This is unhealthy for the convergence we seek.