Publication:
Conclusion
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Zulkarnain Muhamad Sori | |
| dc.date.accessioned | 2020-02-05T05:41:40Z | |
| dc.date.available | 2020-02-05T05:41:40Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | Islamic finance industry has grown rapidly over the last few years, where the 2018 Islamic Finance Development Report by Thomson Reuters reported that the year on year growth by of 11% to US$2.4 trillion in assets in 2017 and predicted that it would grow to $3.8tn of assets by 2023 (Thomson Reuters, 2018). Realising the importance of the industry, this book examines various issues on Accounting and Governance of Islamic financial institutions. In fact, the unique feature of Islamic financ that is based on the shariah principle warrants critical examination on various issues relating to accounting of Islamic financial transactions. Basically, business dealings are prohibited to contain component of riba (interest), gharar (uncertainty) and maysir (gambling/speculation), and trading of actual assets and share the risk between participants are encouraged. Thus, scholars posited different views as to whether the key concept of current accounting principles such as time value of money, substance over form, principles of probability and accrual basis are permissible. The book also covers accounting issues on various Islamic finance products and Shariah governance of Islamic financial institutions. | en_US |
| dc.identifier.citation | Muhamad Sori, Z. (2019). Conclusion. In Zulkarnain Muhamad Sori, Sazali Abdul Wahab & Mahmoud Al Homsi (Eds.), Contemporary issues in financial reporting of Islamic financial institution (pp. 203-224). Kota Bharu, Kelantan: UMK Press. | en_US |
| dc.identifier.isbn | 9789672229575 | |
| dc.identifier.uri | https://ikr.inceif.org/handle/INCEIF/3162 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | UMK Press | en_US |
| dc.rights | 2019. UMK Press | |
| dc.source | SEDONA | |
| dc.subject | Accounting issues | en_US |
| dc.subject | Islamic financial institutions | en_US |
| dc.subject | Shariah governance | en_US |
| dc.title | Conclusion | en_US |
| dc.type | Chapter in Book | en_US |
| dlc.maintopic | Islamic accounting | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic accounting | en_US |
| relation.isAuthorOfPublication | 6db6c13d-0845-4828-add4-5ebe0bba4e3e | |
| relation.isAuthorOfPublication | 6db6c13d-0845-4828-add4-5ebe0bba4e3e | |
| relation.isAuthorOfPublication | 6db6c13d-0845-4828-add4-5ebe0bba4e3e | |
| relation.isAuthorOfPublication.latestForDiscovery | 6db6c13d-0845-4828-add4-5ebe0bba4e3e | |
| Appears in Collections |