Islamic Bank Financial statements. New terms

[Ali4584]

Challange for all of you.
Find the following values from the financial statement of Islamic bank “Islamic Bank of Britain” Annual report 2012.

Click this link:::::http://www.alrayanbank.co.uk/media/37463/2012-statutory-accounts-final-w...


Net income
Total equity capital,
Total asset,
Operating income,
Non-intrest income,
Non-interest expense

 

[picton]

Essentially all the terms you mentioned are explicitly worded in the statements so I would say it’s not a difficult challenge.
To someone familiar with ‘normal’ bank reporting, the statement is actually very similar to a typical layout, and it is not difficult to deduce that “Net income from Islamic financing transactions” corresponds to “Net interest income”. Other than that it is a straightforward bank report.

 

[itera]

I believe under Islamic law, they can’t charge interest

 

[picton]

itera wrote:
I believe under Islamic law, they can’t charge interest

That is my understanding as well, although I guess they re-label it to “fees” generally. That is why I said those positions “correspond” to NII.