A closer look at accounting for Islamic financial institutions
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This paper provides a discussion of a study that examines accounting in Islamic perspectives. The discussion includes an overview of the development of Islamic finance, accounting in Islamic perspectives, and four key accounting assumptions, namely "substance over form", "time value of money", "fair value" measurement and "recognition based on probability", which serve as important guides to preparers of financial information.
Islamic accounting , Substance over from , Financial information , Fair value , Time value of money
Ismail, Nurazleen and Muhamad Sori, Zulkarnain. (2016, November 21-22). A closer look at accounting for Islamic financial institutions. Paper presented at the 17th Annual Conference of the Asian Academic Accounting Association (2016 Four A Conference), Riverside Majestic Hotel, Kuching, Sarawak.