From Zawya.com: Islamic financial institutions will now be required to show unrealised losses in sukuk and shares-available-for-sale in their financial statement under a newly created ‘Investments fair value reserve’ heading, the sector’s accounting rulemaker announced.

The move comes in the wake of the recent decline in sukuk and share prices regionally and globally and was decided by the Kingdom-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the global rule making body for Islamic financial institutions….. Full Article: Source