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Objectives of Accounting in an Islamic Economy أهداف المحاسبة في اقتصاد إسلامي

Author

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  • MOHAMMED F. BAHJAT

    (Department of Accounting, King Abdulaziz University , Jeddah, Saudi Arabia)

Abstract

This research is a step in determining the objectives of accounting in an Islamic economy. It reflects the multiplicity of objectives of economic activities in Islam as expressed in the verse No. 28: 77 from the Holy Quran. These objectives can be summarized to include: 1. Seeking the Hereafter by abiding by what is permissible (halal) and avoiding what is prohibited. 2. Not forgetting one's share of this life's well being, through seeking profit. 3. Fulfilling one's responsibility toward others and the environment in which we live. 4. Avoiding any form of harm-doing to others and the environment. It is argued in this paper that any accounting system in an Islamic framework, must provide information regarding the achievement of the above mentioned objectives.? كان من نتيجة تركيز الفكر الاقتصادي الرأسمالي على هدف تعظيم الربح ، أن حصر الفكر المحاسبي المعاصر مفهوم نتيجة الأعمال في الربح فقط . وقد اتضح مع مرور الوقت الآثار السلبية التي نتجت عن تركيز الفكر الاقتصادي الرأسمالي على تعظيم الربح. وبالرغم من ذلك لم يتطور الفكر المحاسبي ليوجد مقاييس أخرى لنتيجة الأعمال غير الربح. وهذا البحث محاولة لتحديد أهداف للمحاسبة في اقتصاد إسلامي تستفيد من أهم ما وصل إليه الفكر المحاسبي المعاصر وتنسجم مع أهداف الاقتصاد الإسلامي التي تلخصها الآية الكريمة وابتغ فيما آتاك الله الدار الآخرة ولا تنس نصيبك من الدنيا وأحسن كما أحسن الله إليك ولا تبغ الفساد في الأرض إن الله لا يحب المفسدين.

Suggested Citation

  • Mohammed F. Bahjat, 1994. "Objectives of Accounting in an Islamic Economy أهداف المحاسبة في اقتصاد إسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 6(1), pages 3-30, January.
    • Handle: RePEc:abd:kauiea:v:6:y:1994:i:1:no:6:p:3-30
    DOI: 10.4197/islec.6-1.6
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    Cited by:

    1. Omar Ikbal Tawfik & Zaroug Osman Bilal, 2020. "The Impact of Sharīʿah Auditing Requirements on the Service Quality of Islamic Banks in The Sultanate of Oman أثر متطلبات التدقيق الشرعي على جودة الخدمات المصرفية الإسلامية في سلطنة عمان," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(1), pages 101-116, January.

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