AAOIFI Financial Accounting Standards (FAS)
AAOIFI Financial Accounting Standards (FAS) — 75% of in-scope requirements covered.
13 requirements · 2 in scope (1 enforced · 1 designed) · 11 out-of-scope (outside KYE™’s authority layer). The 75% is weighted over the in-scope base.
Source: AAOIFI — Financial Accounting Standards (FAS)
By category
| Category | Reqs | Enforced | Designed | Advisory | Deferred | Coverage |
|---|---|---|---|---|---|---|
| Financial Accounting Standards (FAS) | 13 | 1 | 1 | 0 | 0 | 75% |
Every requirement → the KYE™ artefact that enforces it
| ID | Title | Status | KYE™ enforcement |
|---|---|---|---|
aaoifi-accounting-standards.FAS-AUTH | Evidence that accounting treatment aligns to a board-approved Shariah-compliant contract | enforced | audit_events: kye.purpose.admissibility.v1, kye.evidence.pack.v1, kye.compliance.attestation.v1engines: internal, internalconstitution_refs: constitution/12-PURPOSE-PERMISSION.md, constitution/13-RESILIENCE-LOOP.md |
aaoifi-accounting-standards.FAS-AUDIT | Shariah audit interface to financial reporting of Islamic contracts | designed | audit_events: kye.replay.proof.v1, kye.compliance.attestation.v1, kye.evidence.pack.v1engines: internal, internalconstitution_refs: constitution/21-DELEGATED-AUDITABILITY.md, constitution/13-RESILIENCE-LOOP.md |
aaoifi-accounting-standards.FAS1 | FAS1 — General Presentation and Disclosure in the Financial Statements | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS4 | FAS4 — Musharaka Financing | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS7 | FAS7 — Salam and Parallel Salam | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS10 | FAS10 — Istisna' and Parallel Istisna' | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS28 | FAS28 — Murabaha and Other Deferred Payment Sales | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS30 | FAS30 — Impairment, Credit Losses and Onerous Commitments | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS32 | FAS32 — Ijarah | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS33 | FAS33 — Investments in Sukuk, Shares and Similar Instruments | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS34 | FAS34 — Financial Reporting for Sukuk-holders | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS35 | FAS35 — Risk Reserves | out-of-scope | (no enforcement cited) |
aaoifi-accounting-standards.FAS39 | FAS39 — Financial Reporting for Zakah | out-of-scope | (no enforcement cited) |
Canonical KYE™ surfaces referenced on this page: KYE Protocol™.