IDEAS home Printed from https://ideas.repec.org/a/brc/journl/v55y2022i1p117-126.html

The Peculiarities Of The Islamic Accounting System In The Current Economic Context

Author

Listed:
  • Florentina Moisescu

    (University “Dunarea de Jos” din Galati, Romania,)

  • Dragomir Georgiana

    (University “Dunarea de Jos” din Galati, Romania,)

Abstract

This paper treats the particularities of the islamic accounting system in the context of a much more different culture compared to the culture from any other country. Islamic accounting represents the process of identification, measurement and reporting of financial activities which is necessary for decision making, calculation of zakat and calculation of real benefits of islamic investments operations as per compliance with islamic laws. As a lifestyle, islamic religion has given a special attention to business activities. Thus, in economic activities, divine forgiveness must be the ultimate goal and accounting as an instrument which offers information in economic environment, must serve this purpose. Currently, islamic accounting becomes more and more important, since it is a field which gains a lot of attention in the whole world as a result of the spread of Islam in the new territories. The objective of this study is to evidence the particular characteristics of the islamic accounting system, along with its history and evolution. More than that it presents the need of islamic accounting system in islamic society and its benefits.

Suggested Citation

  • Florentina Moisescu & Dragomir Georgiana, 2022. "The Peculiarities Of The Islamic Accounting System In The Current Economic Context," Management Strategies Journal, Constantin Brancoveanu University, vol. 55(1), pages 117-126.
    • Handle: RePEc:brc:journl:v:55:y:2022:i:1:p:117-126
    as

    Download full text from publisher

    File URL: http://www.strategiimanageriale.ro/papers/220104.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mohamed Ariff & Munawar Iqbal, 2011. "Introduction to Islamic Financial Institutions," Chapters, in: Mohamed Ariff & Munawar Iqbal (ed.), The Foundations of Islamic Banking, chapter 1, Edward Elgar Publishing.
    2. Naser, Kamal & Nuseibeh, Rana, 2003. "Quality of financial reporting: evidence from the listed Saudi nonfinancial companies," The International Journal of Accounting, Elsevier, vol. 38(1), pages 41-69.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Riaz, Samina & Khan, Muhammad Irfan & Iqbal, Athar, 2018. "Risk Management Practices and Islamic Bankers’ Perception about Potential Risk in Islamic Countries," MPRA Paper 103103, University Library of Munich, Germany, revised 20 Dec 2018.
    2. Chisazn, Elham & Noravesh, Iraj & Momeni, Mansour, 2019. "Providing a Model for Information Disclosure and Transparency of Iranian Banks," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(1), pages 101-132, January.
    3. B. Charumathi & Latha Ramesh, 2020. "Impact of Voluntary Disclosure on Valuation of Firms: Evidence from Indian Companies," Vision, , vol. 24(2), pages 194-203, June.
    4. Niclas Hellman & Jordi Carenys & Soledad Moya Gutierrez, 2018. "Introducing More IFRS Principles of Disclosure – Will the Poor Disclosers Improve?," Accounting in Europe, Taylor & Francis Journals, vol. 15(2), pages 242-321, May.
    5. Tasawar Nawaz, 2025. "Not on My Nickel: The Aptness of Blank Check Companies for Islamic Finance," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(4), pages 4125-4131, October.
    6. Umar, Zaghum & Yousaf, Imran & Gubareva, Mariya & Vo, Xuan Vinh, 2022. "Spillover and risk transmission between the term structure of the US interest rates and Islamic equities," Pacific-Basin Finance Journal, Elsevier, vol. 72(C).
    7. imen ABDENNADHER & Karim TRABELSI & Tarek ABDELLATIF, 2017. "Les influences des déterminants de la qualité relationnelle des banques islamiques sur l’engagement de leurs clients," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 8(1), June.
    8. Yanikkaya, Halit & Gumus, Nihat & Pabuccu, Yasar Ugur, 2018. "How profitability differs between conventional and Islamic banks: A dynamic panel data approach," Pacific-Basin Finance Journal, Elsevier, vol. 48(C), pages 99-111.
    9. Omaima Hassan & Claire Marston, 2010. "Disclosure measurement in the empirical accounting literature - a review article," Accountancy Discussion Papers 1004, Accountancy Research Group, Heriot Watt University.
    10. Saida Daly, 2026. "Islamic Finance and Green Investment in GCC Countries: Empirical Insights into Sustainable Development Using GMM Estimation," GATR Journals jfbr234, Global Academy of Training and Research (GATR) Enterprise.
    11. Tanveer Ahmed & Sarkar Kabir & Aqsa Aziz & Yahaya Alhassan, 2023. "Islamic Home Finance in the UK: A Partial Least Square Structural Equation Modelling Approach," Sustainability, MDPI, vol. 15(5), pages 1-24, February.
    12. Balcombe, Paul & Rigby, Dan & Azapagic, Adisa, 2015. "Environmental impacts of microgeneration: Integrating solar PV, Stirling engine CHP and battery storage," Applied Energy, Elsevier, vol. 139(C), pages 245-259.
    13. Ambler, Kate & Bakhtiar, M. Mehrab & de Brauw, Alan & Uddin, Mohammad Riad, 2026. "Risk aversion and credit access: Solving financial exclusion through contract innovation," GSSP working papers 2404, International Food Policy Research Institute (IFPRI).
    14. Zainuldin, Mohd Haniff & Lui, Tze Kiat, 2020. "Earnings management in financial institutions: A comparative study of Islamic banks and conventional banks in emerging markets," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
    15. Fadoua Joudar & Zouheir Msatfa & Olaya Metwalli & Maha Mouabid & Brahim Dinar, 2023. "Islamic Financial Stability Factors: An Econometric Evidence," Economies, MDPI, vol. 11(3), pages 1-13, March.
    16. Zhu, Bo & Zhang, Yufei & Li, Xiru & Hu, Xin, 2025. "Systemic risk spillovers of nonfinancial firms: Does bank liquidity hoarding matter? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 103(C).
    17. Asutay, Mehmet & Hakim, Amira, 2018. "Exploring international economic integration through sukuk market connectivity: A network perspective," Research in International Business and Finance, Elsevier, vol. 46(C), pages 77-94.
    18. repec:mth:ijafr8:v:8:y:2018:i:3:p:1-28 is not listed on IDEAS
    19. MALEK, Afagh & MOHAMMADI, Maryam & NASSIRI, Fardokht, 2012. "Comparison Of Malaysia Manufacturing Companies By Financial Statement Analysis Tools," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(1), pages 89-94, November.
    20. Muhammad Mohsin Hakeem, 2019. "Innovative solutions to tap “Micro, Small and Medium Enterprises” (MSME) market A way forward for Islamic banks," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 27, pages 38-52.
    21. Julia Krause & Thorsten Sellhorn & Kamran Ahmed, 2017. "Extreme Uncertainty and Forward-looking Disclosure Properties," Abacus, Accounting Foundation, University of Sydney, vol. 53(2), pages 240-272, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:journl:v:55:y:2022:i:1:p:117-126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan MICUDA (email available below). General contact details of provider: http://www.univcb.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.