IFRS 9

The banking and financial sector in Bangladesh is currently undergoing a monumental shift in how it manages and reports credit risk. By moving from the traditional Incurred Loss (IL) model to the Expected Credit Loss (ECL) model under IFRS 9, Bangladesh is aligning its financial reporting with international standards. 1. The Core Shift: Incurred vs. […]

The transition from IAS 39 to IFRS 9 represents one of the most significant shifts in financial history. For Oman’s banking and corporate sectors, this isn’t just a change in accounting “rules”—it’s a fundamental overhaul of how risk is perceived, measured, and reported. Under the guidance of the Central Bank of Oman (CBO), this transition […]

As Oman pursues its Vision 2040 goals of economic diversification and global integration, the adoption of IFRS 9 Financial Instruments has become a critical milestone—not just for the banking sector, but for every corporate and non-banking entity operating in the Sultanate. While many initially viewed IFRS 9 as a “banking standard,” its reach is far […]

The financial landscape in the Sultanate of Oman has undergone a significant transformation since the mandatory adoption of IFRS 9 Financial Instruments in 2018. At the heart of this change is the shift from the “incurred loss” model to the Expected Credit Loss (ECL) model a forward-looking approach designed to enhance the stability of the […]

Oman’s financial sector is undergoing a period of accelerated transformation driven by regulatory reform, economic diversification under Vision 2040, and increasing alignment with international financial standards. At the center of this transformation is IFRS 9 – Financial Instruments, a standard that has fundamentally changed how banks and financial institutions recognize, measure, and manage financial risk. […]

Oman’s financial sector is undergoing a steady transformation aligned with Oman Vision 2040, which emphasizes financial stability, transparency, and alignment with international best practices. A key pillar of this transformation is the adoption and enforcement of International Financial Reporting Standard 9 (IFRS 9) – Financial Instruments. Overseen by the Central Bank of Oman (CBO), the […]

The implementation of IFRS 9 (International Financial Reporting Standard 9) has fundamentally reshaped how commercial banks in the UAE manage and report financial risk. Moving away from the old “incurred loss” model (IAS 39), IFRS 9 introduced a more forward-looking approach, ensuring that banks prepare for potential losses long before they occur. 1. The Core […]

The International Financial Reporting Standard 9 (IFRS 9) has significantly reshaped how financial instruments are accounted for, impacting financial institutions globally. For institutions in the UAE, the transition to IFRS 9 brings both challenges and opportunities, demanding a robust and well-structured implementation roadmap. Understanding IFRS 9’s Core Principles: IFRS 9 introduces three key areas of […]

The financial landscape in the United Arab Emirates (UAE) has reached a critical turning point as of January 2026. With the full expiration of the Central Bank of the UAE (CBUAE) Prudential Filter transitional arrangements, the era of phased-in credit loss reporting has officially ended. Today, IFRS 9 (International Financial Reporting Standards 9) is no […]

The United Arab Emirates continues to solidify its position as a global financial hub, attracting significant investment and fostering a dynamic economic environment. With this growth comes an increasing need for robust and transparent financial reporting. In this landscape, International Financial Reporting Standard 9 (IFRS 9) stands as a critical framework, moving beyond mere compliance […]