27 December 2011
MUSCAT: KPMG, a leading international firm offering audit, tax, and advisory services organised a training at Crowne Plaza Hotel, Muscat on Islamic Finance products and their accounting treatment under IFRS.

This training was organised by KPMG and the objective was to educate participants about the characteristics of various Sharia'a compliant financial products and how to deal with their accounting issues under IFRS and under standards issued by association of auditing and accounting standards of Islamic financial institutions.

As part of the introduction Khalid Ansari, Partner, KPMG Oman mentioned that the training is part of KPMG's endeavour to equip its professional staff and clients with the best of professional knowledge so that they are prepared in advance to deal with the developments that are taking place in the field of Islamic Finance.

The training was held by Mohammed Tariq , Partner responsible for Islamic finance in the Lower Gulf practice of KPMG and he was supported by a Senior Manager, Samiuddin Siddiqui of Islamic Finance unit based at the KPMG unit in UAE.

© Times of Oman 2011