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The growth of Islamic financial market and institutions, culminating in the growing interest in Islamic banking, finance and insurance further reiterates the need for Islamic accounting. Different accounting may therefore be needed to serve different principles of financial instruments that are founded on the Islamic worldview and Shariah (Islamic law) requirements. The interests on Islamic accounting has growing for the past two decades culminating in the publications of a small but increasing number of research papers in international accounting journals written on Islamic accounting and related areas.

Featured Article
The Accounting And Auditing Organization For Islamic Financial Institutions: An Important Regulatory Debut
Journal of International Accounting Auditing & Taxation, July 1997
Pomeranz Felix

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has made an important regulatory beginning. Bahrain-based AAOIFI seeks to support the faith of Islam by developing accounting standards for Islamic investment vehicles and by conducting related... Read More

  
 
Murabaha, Musharaka and Mudaraba Transactions: Accounting For Standards
- By Rifaat Ahmed Abdel Karim
Islamic Bankier: News and Analysis of Islamic Banking, Finance and Insurance Issue 5, April 1996
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Contemporary Accounting Practices and Islamic Banking
- By Muhammad Amanullah Khan

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The Accounting System in Islamic Banking
- By Mustapha Hamat
This paper was first presented at the Interest-Free Banking Islamic Financial System held in January 1994. Malaysia.
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Accounting Standards and Tax Laws in Islamic Banking
- By Mustapha Hamat

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