Republic Acts1 min read
Section 34January 26, 1990, Sec./Art. 34
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Accounting Period. - The Financial Year of the Islamic Bank shall be based on the Gregorian calendar, but the corresponding Islamic Hijra date shall be mentioned on all correspondence, contracts, printed materials, forms and records of the Islamic Bank. The accounting period shall commence from the first day of January and close at the end of December each year.
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