Notes to the Consolidated Financial Statements
(Thousands of US dollars)
47
Dar Al-Maal Al-Islami Trust
Annual Report 2012
11. Fair value of financial
instruments
a) Financial instruments measured at fair value
The fair values of quoted investments in active markets are based on current bid
prices. If there is no active market for a financial asset, the Group establishes
fair value using valuation techniques. These include the use of recent arm’s
length transactions, discounted cash flow analysis, option pricing models
and other valuation techniques commonly used by market participants. There
was no change in valuation technique used to fair value financial instruments
(2011: $Nil).
b) Financial instruments not measured at fair value
The table below summarises the carrying amounts and fair values of those
financial assets and liabilities not presented on the Group’s consolidated
statement of financial position at their fair value.
Carrying amount
Fair value
2012
2011
2012
2011
Financial assets
Investments in financings
-
-
-
-
Investment securities
-
-
-
-
Financial liabilities
Customer investment
accounts
-
-
-
-
