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Just and Balanced: The Importance of Accounting in Islamic Finance

  • Abul Hassan
  • Sabur Mollah
Chapter

Abstract

This chapter argues that Islamic accounting for Islamic finance ensures compliance of Islamic objectivity which fulfils the Maqasid al Shari’ah (goal of Islamic law). By setting clear objectives for financial accounting of Islamic financial system and institutions, it helps to make sensible judgements for choice among alternative accounting treatments.

Keywords

Islamic accounting Value base accountability Zakah Investment account Checks and balances 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.King Fahd University of Petroleum and MineralsDhahranSaudi Arabia
  2. 2.Accounting and FinanceSwansea UniversitySwanseaUK

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