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Accounting for Murabaha Contracts: IFRS vs AAOIFI Accounting Standards

Free 1-Hour CPD Webinar

Africa/Nairobi
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The Institute of Certified Public Accountants of Somaliland (ICPAS) is pleased to host a free CPD webinar on the accounting treatment of Murabaha contracts under IFRS and AAOIFI Accounting Standards.

Murabaha is one of the most commonly used Islamic finance contracts. However, its accounting treatment can differ significantly depending on whether an entity applies IFRS or AAOIFI standards. This session will provide a practical comparison, focusing on how Murabaha transactions are recognized, measured, presented, and explained in financial statements.

Event Details

Date: Wednesday, 22 July 2026

Time: 8:00 PM – 9:15 PM

Mode: Webinar

CPD Credit: 1 CPD Hour

Fee: Free

Registration: Required

What the Session Will Cover

Participants will gain a clear understanding of:

  • the basic structure of a Murabaha contract;
  • how Murabaha is accounted for under IFRS from buyer's/borrower's perspective;
  • how Murabaha is accounted for under AAOIFI Accounting Standards from buyer's/borrower's perspective;
  • practical journal entries and simple examples; and
  • key presentation and disclosure considerations.

Who Should Attend

This webinar is suitable for:

  • accountants and auditors;
  • finance officers and financial reporting staff;
  • Islamic finance practitioners;
  • CPA/CATT students and accounting educators;
  • public and private sector finance professionals; and
  • anyone interested in IFRS or Islamic finance accounting.

Learning Outcome

By the end of the session, participants should be able to explain the key accounting differences between IFRS and AAOIFI treatment of Murabaha contracts and apply the basic principles to practical cases.

Registration Note

Participation is free, but registration is required. The webinar link will be shared with registered participants before the event.

About ICPAS

The Institute of Certified Public Accountants of Somaliland is the national professional accountancy body working to develop, regulate, and strengthen the accounting profession in the public interest.