MEASUREMENT AND DISCLOSURE OF FINANCIAL EXCHANGE CONTRACTS IN WAQF INSTITUTIONS AND THEIR AUDIT PROCEDURES

Abstract

Financial exchange contracts and Waqf institutions will be defined in this study. We will also try to figure out how to measure financial Exchange contracts and how to disclose accounting information in Waqf institutions so that people can make better decisions based on the financial statements.Additionally, it seeks to provide light on how external Sharia audit processes for these significant Waqf organizations represent the reality of financial Exchange contract measurement and disclosure. To accomplish the goals of this study, we used the criteria set out by the Accounting and Auditing Organization for Islamic Financial Institutions.Independent records of financial transactions involving the Waqf's private monies and donor waqf must be maintained, according to the research.Additionally, it seeks to establish audits that adhere to the tenets and regulations of Islamic Sharia.