IFRS 17 and takaful - risk transfer or risk sharing?
Source: Middle East Insurance Review | Jul 2020
The discussion within the accounting fraternity in Malaysia as to the accounting treatment of takaful under IFRS 17 is ongoing. But given the practical challenges of implementation under COVID-19 conditions, the sector needs to resolve these issues within the year, says Mr Zainal Kassim of Actuarial Partners Consulting.
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