Islamic Accounting Standard PurposeScope
To standardize the presentation of financial reporting and accounting related to asset (including wakaf asset), liability, revenue and expenses for Baitulmal, Zakat and Wakaf in Malaysia.
This standard is drafted for Institutions that govern and manage Baitulmal, Zakat and Wakaf or other Islamic resources for General Purpose Financial Report.
PPIBZW was issued according to related phase :
| PHASE | STANDARDS | DATE OF ISSUANCE | DATE OF EARLY ADOPTION | DATE OF ENFORCEMENT |
| Phase 1 | PPIBZW – Presentation of Financial Report | 23 February 2021 | 1 January 2021 | 1 January 2025 |
| Phase 2 | PPIBZW – Asset | 18 February 2022 | 1 January 2022 | 1 January 2025 |
| Phase 3 | PPIBZW – Revenue, Expenses and Liability | 4 April 2023 | 1 January 2023 | 1 January 2025 |
| Phase 4 | PPIBZW – Other Disclosure | 10 Januari 2024 | 1 January 2024 | 1 January 2025 |