Work

A survey on Islamic Finance and accounting standards

Year: 2019

Type: article

Abstract: This review presents Islamic financial standards from inception to recent developments. The review discusses issues relating to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Islamic Financial Services Board (IFSB), and International Islamic Financial Markets standards (IIFM). Beyond institutional financial standards, this article proposes other perspectives that focus on the socio-economic impacts to the system. Consequently, the functional activities and standards development process of the reviewed bodies are discussed. The paper also highlights other challenges that need further strengthening within the system and concludes with suggestions for future studies.

Source: Borsa Istanbul Review

DOI: 10.1016/j.bir.2019.07.006

Authors: M. Kabir Hassan, Sirajo Aliyu, Makeen Huda, Mamunur Rashid

Institutions: LSU New Orleans, Federal Polytechnic, Bauchi, Nicholls State University, Universiti Brunei Darussalam

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $1,500

OpenAlex ID: W2966470566

FWCI: 27.42

Cites: 57

Cited by: 101

Related to: 10