Implementing IFRS 17 for Takaful companies
19 December 2018
As insurance companies prepare themselves for the new accounting standard IFRS 17, Takaful companies are facing significant uncertainty in how to interpret and apply the standard to their business. Interpreting IFRS 17 for Takaful business is not a straightforward process. This paper highlights several key issues and challenges in implementing IFRS 17 for Takaful business.
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Implementing IFRS 17 for Takaful companies
As insurance companies prepare themselves for the new accounting standard IFRS 17, Takaful companies are facing significant uncertainty in how to interpret and apply the standard to their business.
Clement Bonnet, Farzana Ismail, Philip Jackson