Accounting Measurement and Disclosure Requirements in Islamic Banks

This study has three main purposes. First, it
discusses the differences between the conventional
and the Islamic perspective of accounting in terms
of the accounting definition, objectives,
principles, rules, measurements and disclosure
requirements. Second, it discusses and formulated
the accounting measurements and the disclosure
requirements, which should be applied in Islamic
banks for Murabahah and Mudarabah operations. To
serve these two purposes, the normative and critical
theories have been used in order to establish a
conceptual framework for accounting measurements and
disclosure requirements for Murabahah and Mudarabah
operations in Islamic banks. Third, to provide
insight into the current practice
of these measures and requirements, this study
reports the results of a survey which aims at
identifying the gap between the suggested measures
and requirements and the current practice of some
Islamic Banks.

Autorentext

1.PhD from the University of Western Sydney,Australia, in 2001. 2.Master of accounting from the University of Jordan, in 1993.3.Bachelor Degree in accounting from the University of Jordan, in 1989. currently, Associate Prof. of accounting, published 7 books and over 20 research papers in refereed journal.

Klappentext

This study has three main purposes. First, it discusses the differences between the conventional and the Islamic perspective of accounting in terms of the accounting definition, objectives, principles, rules, measurements and disclosure requirements. Second, it discusses and formulated the accounting measurements and the disclosure requirements, which should be applied in Islamic banks for Murabahah and Mudarabah operations. To serve these two purposes, the normative and critical theories have been used in order to establish a conceptual framework for accounting measurements and disclosure requirements for Murabahah and Mudarabah operations in Islamic banks. Third, to provide insight into the current practice of these measures and requirements, this study reports the results of a survey which aims at identifying the gap between the suggested measures and requirements and the current practice of some Islamic Banks.