Publication:
Accounting issues in the reporting of profit sharing investment accounts in Islamic banks' financial statements under IFSA 2013
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Romzie Rosman | |
| dc.contributor.author | Nur Ashikin Mohd Saat | |
| dc.contributor.author | Abdul Rahim Abdul Rahman | |
| dc.contributor.author | Mohamed Fairooz Abdul Khir | |
| dc.date.accessioned | 2020-12-08T14:08:17Z | |
| dc.date.available | 2020-12-08T14:08:17Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | Issues in the reporting of Islamic financial instruments have been discussed since early 2000. Among these issues is the debate about whether the accounting standards promulgated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) or the International Financial Reporting Standards (IFRS) should be adopted for reporting Islamic financial transactions. Abdel Karim (2001) explained the need to implement the AAOIFI accounting standards as these standards specifically cater for the unique characteristics of the contracts that govern the operations of Islamic banks. The IFRS, on the other hand, do not have any specific reporting standards for the unique contracts adopted by Islamic banks but report the transactions based on the accounting principle of substance over form. | en_US |
| dc.identifier.citation | Rosman, R., Abdul Khir, M. F., Mohd Saat, N. A., & Abdul Rahman, A. R. (2015). Accounting issues in the reporting of profit sharing investment accounts in Islamic banks' financial statements under IFSA 2013. ISRA International Journal of Islamic Finance, 7(1), pp. 129-137. | en_US |
| dc.identifier.issn | 2289-4365 | |
| dc.identifier.uri | https://ikr.inceif.org/handle/INCEIF/3328 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | ISRA | en_US |
| dc.rights | 2015. ISRA | |
| dc.source | SEDONA | |
| dc.subject | Profit sharing investment accounts | en_US |
| dc.subject | Islamic banks | en_US |
| dc.subject | Contracts | en_US |
| dc.title | Accounting issues in the reporting of profit sharing investment accounts in Islamic banks' financial statements under IFSA 2013 | en_US |
| dc.type | Journal Article | en_US |
| dlc.maintopic | Islamic banking | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic banking | en_US |
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| Appears in Collections |