Uumpress Accounting and Reporting for Shari'ah-Based Transactions

Accounting and Reporting for Shari'ah-Based Transactions

Author: Zurina Shafii & Nurazalia Zakaria, 2017 (Hardcover)

ISBN 978-967-0149-93-6, 224 pages

Publisher: Islamic Banking and Finance Institute Malaysia (IBFIM)

This book addresses key issues with regards to accounting and reporting of Shari’ah-based transactions. It is one of the first works written to discuss accounting and reporting of Shari’ah-based transactions using both contract-based approach and principle-based approach. Contract-based approach is promulgated by Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), while principle-based approach is adopted by International Financial Reporting Standards (IFRS). The book deals with issues on accounting of Islamic accounting standards. In additions, this book also deals with the issues of takaful accounting and reporting as well as zakat fundamentals and methodologies