مشروع البحث:
Exploring Perceptions on Financial Reporting Standards in Islamic Financial Institutions

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المساهمين
الممولين
رقم التعريف
241
الباحث
Mahmoud Ali .M. Aleraig
المشرفين
منشورات
وحدات تنظيمية
الوصف
The study finds that most of the IFIs participated in this study employed IFRS’ as the main accounting system, which resulted in a number of problematic issues in treating Islamic finance transactions and contracts and endogenising other religious elements, such as the prohibition of riba and paying zakat. The findings also indicate that employing IFRS in the IFIs is not applicable within the normative world and the requirements of Islamic finance as aspired by the foundational axioms developed by Islamic moral economy despite the extensive use of it in current times. Therefore, in order to be authentic IFIs require special accounting standards that are different from the IFRSs, such as AAOIFI accounting standards, which may be considered as rationalising the emergence of Islamic accounting as a practice and field, which was the case in history.
الكلمات الدالة
Key words: Accounting Reporting, IFRS, Islamic accounting, AAOIFI, Harmonisation