A word in response to the corona virus crisis: Your print orders will be fulfilled, even in these challenging times. If you don’t want to wait – have a look at our ebook offers and start reading immediately.

Financial and Accounting Principles in Islamic Finance

Authors: Alamad, Samir

Free Preview
  • Provides the reader with a comprehensive account of what constitutes accounting principles and what are these principles in Islamic Financial Institutions
  • Explains the role of religious rules in the financial accounting and reporting processes and how this role is enacted
  • Explores the specific financial accounting requirements for each Islamic finance principle and the financial products based on them
see more benefits

Buy this book

eBook 93,08 €
price for Spain (gross)
  • ISBN 978-3-030-16299-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-3-030-16298-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book provides an original account detailing the origins and components of a faith-based accounting system that was founded around 629 CE. By examining the historical development that the accounting systems underwent within the context of faith-based rules and values, the book explains what is meant by the term “faith-based accounting”, together with a discussion of its characteristics in relation to various product structures and the underlying Islamic finance principles. It provides important theoretical and practical contributions by explaining accounting as a value-based science rather than a value-free object or abstract. This book explores the way in which religious rules act as a directive for accounting and auditing practices in IFIs. Through which the concept of money and digital currency within the theory of money and how it is enacted in a faith-based context, amid differences of opinions among its actors, is examined. This is an important foundation to explain Islamic accounting and includes how this outcome would shape the faith-based view regarding the new phenomenon of digital currency (DC). Also featured is the concept of paper money within the theory of money and how it is enacted in a faith-based legal framework by identifying two core concepts of today’s Fiat money as being a single genus or multi-genera money. This book is not merely an academic work, nor is it a pure practitioner guide; rather, it is a robust work that combines both. It marries rigorous academic research and theories with practical industry experiences. The book provides a clear and concise guide to accounting in Islamic economics and finance and how Islamic financial institutions could meet the applicable faith-based rules in their accounting practices. 

About the authors

Samir Alamad is a senior professional and expert in the Islamic banking and finance industry, an economist and a published author. He holds a PhD degree from Aston University Business School. Currently, he is the head of Sharia compliance and product development at Al Rayan Bank. He is also an AAOIFI Certified Sharia Advisor and Auditor (CSAA) and a visiting lecturer at various universities.

Table of contents (14 chapters)

Table of contents (14 chapters)

Buy this book

eBook 93,08 €
price for Spain (gross)
  • ISBN 978-3-030-16299-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-3-030-16298-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Financial and Accounting Principles in Islamic Finance
Authors
Copyright
2019
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-16299-3
DOI
10.1007/978-3-030-16299-3
Hardcover ISBN
978-3-030-16298-6
Edition Number
1
Number of Pages
XXVII, 354
Number of Illustrations
44 b/w illustrations, 5 illustrations in colour
Topics