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A provision is the amount of an expense that an entity elects to recognize now, before it has precise information about the exact amount of the expense. For example, an entity routinely records provisions for bad debts, sales allowances, and inventory obsolescence
that is not correct...the major impact is the tax added back..for some of year ago...some of the expense not entitled to have tax deductible. Please read their recent quarterly report (Note:18 Taxation)
Most of our Sukuk are classified as fair value OCI. With the spike in interest rate, it will not impact the profit after zakat and tax. However, it will impact the fair valuation of Sukuk.
according to Quarterly report seem they adjust their investment portfolio. Before 2019 they are able to archieve 6 figure income from Islamic Debts. After that,drop to 5 figure and saw a increase on Government Islamic Paper.