Financial and Accounting Principles in Islamic Finance

Business & Finance, Accounting, Management, Finance & Investing, Banks & Banking
Cover of the book Financial and Accounting Principles in Islamic Finance by Samir Alamad, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Samir Alamad ISBN: 9783030162993
Publisher: Springer International Publishing Publication: May 10, 2019
Imprint: Springer Language: English
Author: Samir Alamad
ISBN: 9783030162993
Publisher: Springer International Publishing
Publication: May 10, 2019
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer International Publishing

Cover of the book Characterization of Metals and Alloys by Samir Alamad
Cover of the book Quality, Reliability, Security and Robustness in Heterogeneous Systems by Samir Alamad
Cover of the book The Latin American (Counter-) Road Movie and Ambivalent Modernity by Samir Alamad
Cover of the book Spatial Network Data by Samir Alamad
Cover of the book Al-Si Alloys Casts by Die Casting by Samir Alamad
Cover of the book Nanoporous Metals for Advanced Energy Technologies by Samir Alamad
Cover of the book The World of Applied Electromagnetics by Samir Alamad
Cover of the book Mass Metrology by Samir Alamad
Cover of the book MRI of Degenerative Disease of the Spine by Samir Alamad
Cover of the book Business Valuation by Samir Alamad
Cover of the book Biology of Macrofungi by Samir Alamad
Cover of the book Managing for Social Impact by Samir Alamad
Cover of the book Delirium in Elderly Patients by Samir Alamad
Cover of the book Materials and Processes by Samir Alamad
Cover of the book Doing Good Parenthood by Samir Alamad
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy