SECP issues General Takaful Accounting Regulations,2019

SECP vide SRO 1416(1)/2019 (dated November 20, 2019) issued General Takaful Accounting Regulations 2019. These Regulations shall be applicable to regulatory returns and the published financial statements of operators and also direct the Takaful Operators or Window Takaful Operators to comply with the requirements of International Financial Reporting Standards (IFRS) adopted by the Institute of Chartered Accountants of Pakistan (ICAP) and the Islamic Financial Accounting Standards (IFAS), as notified by SECP.

Posted in SECP