---
title: "What is Off-balance-sheet assets under management? | IslamicOpenFinance™"
description: "Assets an institution manages for others, such as restricted investment accounts, that are reported outside its own balance sheet."
url: https://islamicopenfinance.com/glossary/off-balance-sheet-assets-under-management/
lang: en-GB
source: "IslamicOpenFinance"
---

[Glossary](https://islamicopenfinance.com/glossary/) / [Accounting and reporting](https://islamicopenfinance.com/glossary/#accounting)

Accounting and reporting

# Off-balance-sheet assets under management

Assets an institution manages for others, such as restricted investment accounts, that are reported outside its own balance sheet.

Off-balance-sheet assets under management are funds and assets that an Islamic institution manages on behalf of others, typically as mudarib or agent, without controlling them in a way that brings them onto its own balance sheet. Restricted investment accounts are a common example. AAOIFI's accounting standard on these assets sets out when they stay off the balance sheet and what the institution must disclose about them.

## Sources

- [AAOIFI, Financial Accounting Standards (issued standards list): FAS 46 Off-Balance-Sheet Assets Under Management](https://aaoifi.com/accounting-standards-2/?lang=en)

This entry explains a term; it is not a Shariah ruling. Approving a product is for each institution's own Shariah board and regulator.

## Related terms

[**Restricted investment account** An investment account whose holder limits where, how or for what purpose the bank may invest the funds.](https://islamicopenfinance.com/glossary/restricted-investment-account/) [**Investment pool** A group of assets funded by identified sources, such as shareholders or investment account holders, whose income is allocated to them.](https://islamicopenfinance.com/glossary/investment-pool/) [**Quasi-equity** AAOIFI's category for investment accounts and similar risk-sharing funds, presented between liabilities and owners' equity.](https://islamicopenfinance.com/glossary/quasi-equity/)

**Accounting and reporting**

1. [AAOIFI Financial Accounting Standards (FAS)](https://islamicopenfinance.com/glossary/aaoifi-fas/)
2. [Deferred profit](https://islamicopenfinance.com/glossary/deferred-profit/)
3. [Quasi-equity](https://islamicopenfinance.com/glossary/quasi-equity/)
4. [Investment pool](https://islamicopenfinance.com/glossary/investment-pool/)
5. [Impairment and credit losses](https://islamicopenfinance.com/glossary/impairment-and-credit-losses/)
6. [Takaful accounting](https://islamicopenfinance.com/glossary/takaful-accounting/)
7. [Promotional gifts and prizes](https://islamicopenfinance.com/glossary/promotional-gifts-and-prizes/)
8. [Profit allocation (investment accounts)](https://islamicopenfinance.com/glossary/profit-allocation/)

[All 221 terms](https://islamicopenfinance.com/glossary/)