A closer look at accounting for Islamic financial institutions

• Main Authors: Ismail, Nurazleena, Muhamad Sori, Zulkarnain
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: BP Islam. Bahaism. Theosophy, etc; HF5601 Accounting
• Online Access: http://repo.uum.edu.my/21027/1/shsconf_four2017%201%209vi.pdf; http://repo.uum.edu.my/21027/; http://doi.org/10.1051/shsconf/20173407004
• Institution: Universiti Utara Malaysia

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’, ‘fai...