The Authority Shares Its View on Financial Instruments with Equity Characteristics

الهيئة تشارك وجهة نظرها في الأدوات المالية التي لها خصائص حقوق الملكية

The International Accounting Standards Board published a draft update to International Accounting Standard No. 32 concerning financial instruments with equity characteristics. Following consultation with relevant bodies, the Saudi Organization for Chartered and Professional Accountants, represented by its Accounting Standards Board, submitted its view on the issues raised in the draft, expressing agreement with the project's focus on contractual rights and obligations under applicable laws when classifying financial instruments. The Authority also emphasized the importance of examining certain Islamic finance products as financial instruments with equity characteristics and assessing the adequacy of the standard's requirements for their application.

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