According to IFSB-10, the Sharī'ah Report May Be in Any

question 19

Multiple Choice

According to IFSB-10, the Sharī'ah report may be in any of the following forms except:

• A) financial performance report
• B) a fact-finding report
• C) an ex-ante. report in relation to product design and development;
• D) an annual Sharī`ah compliance report

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Definitions:

Conversion

The act of changing something into a different form or entity, often used in marketing to refer to turning prospects into customers.

Cash-Basis Accounting

An accounting method where revenues and expenses are recorded when cash is received or paid, rather than when earned or incurred.

Accrual-Basis

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.

Liquidity-Basis

A measurement or approach focusing on how quickly assets can be converted into cash without affecting their value.