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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.
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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 |