FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Apr 9, 2015 -- Dubai, UAE, April 09, 2015 -- Camille Paldi, FAAIF CEO, participates in IPAFEM 2015 in Glasgow, Scotland. Paldi described the inconsistent and incoherent financial reporting practices used by Islamic banks today and suggested that the industry adopt the KFH (Bahrain) B.S.C.(c) Public Disclosure Report as a template to be used across the Islamic finance industry. The report can be easily found on google. Paldi explains that banks across the industry use different accounting methods and reporting techniques and that this leads to confusion, inconsistency, non-transparency, and possibly a misleading representation of the true financial health of the IFI. Paldi emphasizes that the special nature of Islamic banking requires tailored standards in order to promote full disclosure and transparency of the IFI.
|Issued By||:||Camille Paldi|
|Phone||:||+971 (0)56 950 0562|
|Country||:||United Arab Emirates|
|Tags||:||camille paldi, faaif, ipafem, glasgow, scotland|
|Last Updated||:||Apr 9, 2015|
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