Islamic Finance pp 275-283 | Cite as
Just and Balanced: The Importance of Accounting in Islamic Finance
Chapter
First Online:
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 balancesCopyright information
© The Author(s) 2018