Islamic Banking:

We have worked with the Islamic Banking sector since 1984. Working in Saudi Arabia, and subsequently with Islamic Banks in London, Dubai, Kuala Lumpur and Jakarta.

There is no standard format for Islamic banking, no formula that you must follow. What is acceptable in Saudi for example is probably not acceptable in Malaysia and vice versa. Each bank operates according to its own internal Islamic Committee.

There are basic principles which apply throughout, the avoidance of ‘interest’ for example both on the Asset and Liability side of the Balance sheet. How these principles are accounted for and where they hit the Profit and Loss account can vary enormously.

These are the areas where many if not all banks will have to concentrate as the Islamic Banking market develops.

• Chart of Accounts

• Balance sheet

• Profit Recognition

• Mudaraba

• Musharaka

If you feel our experience and expertise may be of help in your operations or if you wish to proceed with an Islamic banking operation please do not hesitate to email us at: enquiries@csassociatesltd.com

Some of the major institutions with which we have been closely associated:

Copyright 2011 CS Associates Ltd.                                                                  Website Design by .TimezDesign