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dc.contributor.authorMuhamad Sori, Zulkarnain-
dc.date.accessioned2020-02-05T05:41:40Z-
dc.date.available2020-02-05T05:41:40Z-
dc.date.issued2019-
dc.identifier.citationMuhamad Sori, Zulkarnain. (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.isbn9789672229575-
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3162-
dc.description.abstractIslamic 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.languageEnglish-
dc.language.isoenen_US
dc.publisherUMK Pressen_US
dc.rights2019. UMK Press-
dc.sourceSEDONA-
dc.subjectAccounting issuesen_US
dc.subjectIslamic financial institutionsen_US
dc.subjectShariah governanceen_US
dc.titleConclusionen_US
dc.typeChapter in Booken_US
ikr.topic.maintopicIslamic accountingen_US
ikr.doctypeScholarly Works-
Appears in Collections:Chapter in Book


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  • Full metadata record
    DC FieldValueLanguage
    dc.contributor.authorMuhamad Sori, Zulkarnain-
    dc.date.accessioned2020-02-05T05:41:40Z-
    dc.date.available2020-02-05T05:41:40Z-
    dc.date.issued2019-
    dc.identifier.citationMuhamad Sori, Zulkarnain. (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.isbn9789672229575-
    dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3162-
    dc.description.abstractIslamic 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.languageEnglish-
    dc.language.isoenen_US
    dc.publisherUMK Pressen_US
    dc.rights2019. UMK Press-
    dc.sourceSEDONA-
    dc.subjectAccounting issuesen_US
    dc.subjectIslamic financial institutionsen_US
    dc.subjectShariah governanceen_US
    dc.titleConclusionen_US
    dc.typeChapter in Booken_US
    ikr.topic.maintopicIslamic accountingen_US
    ikr.doctypeScholarly Works-
    Appears in Collections:Chapter in Book


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