Accounting of Sukuk Investment Certificates in Scope Of FFMS 33 And FFMS 34

Abstract

In this study, practices regarding the accounting of sukuk investment certificates purchased by an exemplary company registered in the stock exchange, open to the public and accepted as Public Interest Institution (KAYIK) are included. For this purpose, the definition of sukuk and its types are explained in the first part, and then legal regulations related to sukuk are mentioned. The second section provides information about the legal regulations in Turkey regarding sukuk, In the third and last part, information is given about the accounting regulations for sukuk certificates in our country and in the world, and FFMS 33 Sukuk, Investments in Shares and Similar Instruments, and Financial Reporting Standards for FFMS 34 Sukuk Holders. Finally, accounting procedures were carried out within the framework of the chart of accounts proposed by Puplic Oversight Authority (KGK) about the sukuk certificates purchased by a company that has adopted the public offering system registered in the stock market.