Accounting » Overview - Finance In Islam

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.

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Accounting Standards and Tax Laws in Islamic Banking

Mustapha Hamat

In the first of a two part series, Mustapha Hamat discusses the relevance of tax laws and accounting standards to Islamic banking, arguing that given the distinctive nature of Islamic finance,... 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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Islamic Banking—The Jordanian Experience

Arab Law Quarterly, 2, Part 3, August 1987, 207-229 Read More

ISLAMIC BONDS (SUKUK): ITS INTRODUCTION AND APPLICATION

Latest information about Sukuk Read More

Need to Combine Islamic Economic History with Islamic Institutional Economics

Prof. Murat Cizakca Read More

Riba in Islam

The Foundations of Islamic Finance

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