A survey on Islamic Finance and accounting standards
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 s...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-08-01
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| Series: | Borsa Istanbul Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845019302649 |
| _version_ | 1811180329415737344 |
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| author | M. Kabir Hassan Sirajo Aliyu Makeen Huda Mamunur Rashid |
| author_facet | M. Kabir Hassan Sirajo Aliyu Makeen Huda Mamunur Rashid |
| author_sort | M. Kabir Hassan |
| collection | DOAJ |
| description | 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. Keywords: Financial standards, Survey, Islamic finance, AAOIFI, IFSB, IIFM, JEL classification: E42, G20 |
| first_indexed | 2024-04-11T09:01:16Z |
| format | Article |
| id | doaj.art-0972f5a50f3d45cd979c7607b41badca |
| institution | Directory Open Access Journal |
| issn | 2214-8450 |
| language | English |
| last_indexed | 2024-04-11T09:01:16Z |
| publishDate | 2019-08-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Borsa Istanbul Review |
| spelling | doaj.art-0972f5a50f3d45cd979c7607b41badca2022-12-22T04:32:46ZengElsevierBorsa Istanbul Review2214-84502019-08-0119S1S13A survey on Islamic Finance and accounting standardsM. Kabir Hassan0Sirajo Aliyu1Makeen Huda2Mamunur Rashid3Department of Economics and Finance, University of New Orleans, United States; Corresponding author.Department of Banking and Finance, School of Business Studies, Federal Polytechnic Bauchi, RM 20 Annex New Building, P O Box: PMB 0231, Bauchi, 740262, NigeriaDepartment of Accounting and Finance, College of Business Administration, Nicholls State University, United StatesSchool of Business and Economics, Universiti Brunei Darussalam, Jalan Tungku Link, Gadong, BE1410, Brunei DarussalamThis 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. Keywords: Financial standards, Survey, Islamic finance, AAOIFI, IFSB, IIFM, JEL classification: E42, G20http://www.sciencedirect.com/science/article/pii/S2214845019302649 |
| spellingShingle | M. Kabir Hassan Sirajo Aliyu Makeen Huda Mamunur Rashid A survey on Islamic Finance and accounting standards Borsa Istanbul Review |
| title | A survey on Islamic Finance and accounting standards |
| title_full | A survey on Islamic Finance and accounting standards |
| title_fullStr | A survey on Islamic Finance and accounting standards |
| title_full_unstemmed | A survey on Islamic Finance and accounting standards |
| title_short | A survey on Islamic Finance and accounting standards |
| title_sort | survey on islamic finance and accounting standards |
| url | http://www.sciencedirect.com/science/article/pii/S2214845019302649 |
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