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Archived Technical Pronouncements

Technical Release i-3 (TR i-3), Presentation of Financial Statements of Islamic Financial Institutions - Archived

FRS i-1 was withdrawn to eliminate duplication of requirements already contained in other MASB approved accounting standards.  The remaining guidance in FRS i-1 not found in other standards was transferred to TR i-3.  The guidance mainly concerns presentation of information relating to contracts used by Islamic financial institutions.

Technical Release i-4 (TR i-4), Shariah Compliant Sale Contracts - Archived

TR i-4 was issued to clarify the recognition and derecognition requirements for items acquired or transferred through a Shariah compliant sale contract.  Among others, TR i-4 requires an entity to consider whether the sale was part of a series of linked transactions in determining whether the subject of sale would be recognised or derecognised.