A critical analysis of Shari'ah issues in intangible assets
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Intangible assets are becoming evident in a number of Islamic financial products. Their presence in the Islamic financial market is due to their ability to address and accommodate the pressing need to diversify the asset pool in the industry. Despite their increasing presence in a number of Islamic financial products, their nature and characteristics have not been the subject of the research they deserve. Hence this research is undertaken to examine the definition, concept and legality of this class of asset: intangible assets. This paper aims to achieve the following objectives: i. To explore the definition and concept of intangible assets from Shariah, legal and accounting perspectives; and ii. To examine pertinent Shar??ah issues on intangible assets, particularly with regard to recognition and measurement, financing and trading, and zakah obligation.
Intangible assets , Shariah , Recognition and measurement , Islamic finance , Zakah
Bouheraoua, S., Mohamad, S., Kasri, N. S., & Abdullah, S. (2014). A critical analysis of Shari'ah issues in intangible assets. ISRA International Journal of Islamic Finance, 6(2), 157-161.