THE NATURE OF ISLAMIC ACCOUNTING AND ITS ROLE TODAY
DOI:
https://doi.org/10.60078/2026-vol1-iss1-pp313-322Annotasiya
The article explores the nature of Islamic accounting and highlights its
significance in the contemporary financial sector. It examines this concept by first addressing the
fundamental question of what constitutes traditional accounting. A comparative analysis is
conducted between the functions of conventional and Islamic accounting systems. Particular
emphasis is placed on key financial statements, namely the balance sheet and the income statement. The study also clarifies the principles for reporting the assets of unrestricted account holders and the revenues associated with them. Additionally, several definitions of Islamic accounting are reviewed and discussed. The article concludes by underscoring the key functional differences between Islamic and conventional accounting
Bibliografik manbalar
1.Shahariman, A. A. B., Asari, N. A. M. B., Sulaiman, N. A. A. B., & Marzuki, N. A. A. B. (2024). Islamic Principles And Their Application In Personal Financial Decision Making.
2. Aygül, E. (2024). Stages of Accounting History in the Middle East. Muhasebe ve Finans Tarihi Araştırmaları Dergisi, (26), 1-22.
3. Napier, C. J. (2023). Using accounting records as historical data sources. In Handbook of Historical Methods for Management (pp. 140-155). Edward Elgar Publishing.
4.Xolmirzaev, U., Juraev, E., & Axmadjonova, M. (2021). The role of accounting in small business management. Интернаука, (21-5), 20-22.
5. Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2020). Financial accounting: tools for business decision making. John Wiley & Sons.
6.Ibrahim, S. H. M., & Yaya, R. (2005). The emerging issues on the objectives and the characteristics of Islamic accounting for Islamic business organizations. Management & Accounting Review (MAR), 4(1), 74-92.
7. Velayutham, S. (2014) . "Conventional" accounting vs "Islamic" accounting: the debate revisited. Journal of Islamic Accounting and Business Research, 5(2), 126141.
8. Napier, C. (2009). Defining Islamic accounting: current issues, past roots. Accounting history, 14(1-2), 121 144.
9. Rahman, A. R. A. (2003). Ethics in accounting education: contribution of the Islamic principle of Maslahah. International Journal of Economics, Management and Accounting, 11(1).
10.Askary, S. (2006). Accounting professionalism–a cultural perspective of developing countries. Managerial auditing journal, 21(1), 102-111.
11. Rahman, A. R. A. (2003). Ethics in accounting education: contribution of the Islamic principle of Maslahah. International Journal of Economics, Management and Accounting, 11(1).
12.Haniffa, R., & Hudaib, M. A. (2002). A theoretical framework for the development of the Islamic perspective of accounting. Accounting, Commerce and Finance: The Islamic Perspective Journal, 6(1/2), 1-71.
13. Kader, H. (2021). Human well-being, morality and the economy: an Islamic perspective. Islamic Economic Studies, 28(2), 102-123.
14. Chapra, M. U. *Islam and the Economic Challenge*. International Institute of Islamic Thought (IIIT), 1992. No. 17.
15. Mahar, A. R., Bhatti, A., Ashraf, M. J., & Malik, A. Z. (2024). Financial reporting for Islamic financial institutions: Accounting standards, interpretation and application. Routledge.
16. Baydoun, N., Sulaiman, M., Willett, R. J., & Ibrahim, S. (2018). Principles of Islamic Accounting. John Wiley & Sons.
17. Velayutham, S. (2014). "Conventional" accounting vs "Islamic" accounting: the debate revisited. Journal of Islamic Accounting and BusinessResearch, 5(2), 126-141.
18. Ullah, M. H. (2013). Compliance of AAOIFI guidelines in general presentation and disclosure in the financial statements of Islamic banks in Bangladesh. International journal of social science research, 1(2), 111-123.
19. Hossain, M. M. (2012). Financial Statements of banks under Islamic Shari'ah: Status of Regulatory Compliance'. Thoughts on Economics, 22(1), 53-67.
