Accounting Disclosure Principles from Baitulmal, Zakat and Waqf Institutions Perspective

• Main Authors: Abdul Wahab, Muhammad Syahir, Abu Bakar, Fathiyyah, Derashid, Chek, Ku Ismail, Ku Nor Izah, Sawandi, Norfaiezah, Shaari, Hasnah
• Format: Conference or Workshop Item
• Language: English
• Published: 2022
• Subjects: HF5601 Accounting
• Online Access: https://repo.uum.edu.my/id/eprint/29927/1/UUM%20IQRC%202022_21_27.pdf; https://repo.uum.edu.my/id/eprint/29927/
• Institution: Universiti Utara Malaysia

The purpose of this research was to identify the principles of accounting disclosure from the perspective of Baitulmal, Zakat, and Waqf Institutions. The research data was collected through several interview sessions with fourteen officers from the institutions and three Islamic accounting scholars. The research findings indicated that six principles of accounting disclosure emerged from the interview sessions. The principles are Statement of Shariah Compliance, Statement of Institutional Responsibilities towards Baitulmal, Zakat, and Waqf, Statement of Role of Shariah Advisory Council, Social Accountability, Full Disclosure, and Decision Usefulness. At the end of this paper, theoretical and practical implications, and suggestions for future research were also discussed.