The Case Murabahah and Mudarabah: The accounting measurement and disclosure requirements in Islamic banks - Softcover

Al-Khadash, Husam Aldeen Mustafa

Softcover

ISBN 10: 3838342402 ISBN 13: 9783838342405

Publisher: LAP LAMBERT Academic Publishing, 2010

Synopsis

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 the Dubai Islamic Bank and the Jordan Islamic Bank as case studies. The analysis revealed that there are differences between the conventional and the Islamic perspectives of accounting. It also indicates the need for specific accounting measures for Murabahah and Mudarabah operations.

About this title

About the Author:

Husam Aldeen Mustafa Al-Khadash received his Phd. in Accounting at the University of Western Sydney in 2001.

About this edition

• Publisher: LAP LAMBERT Academic Publishing
• Publication date: 2010
• ISBN 10: 3838342402
• ISBN 13: 9783838342405
• Binding: Paperback
• Number of pages: 316