FINANCIAL REPORTING ISSUES RELATING TO ISLAMIC FINANCE The objective of the Islamic Finance Working Group is to facilitate AOSSG members providing input and feedback to the IASB on the adequacy and appropriateness of proposed and existing International Financial Reporting Standards (IFRSs) to Islamic financial transactions and events. The Working Group …
Read More »Islamic Finance: A Paradigm Shift In Financial Markets
ISLAMIC FINANCE: A PARADIGM SHIFT IN FINANCIAL MARKETS ABSTRACT Islamic finance is currently making waves in the financial markets. It is a paradigm shift from the conventional financial markets system. Despite its shariah compliant structure, countries have been adopting it even the non-shariah jurisdictions countries. This paper, therefore, attempts to …
Read More »Beneficial Ownership In Islamic Finance: Highlights On SharīʿAhand Accounting Issues Involved
BENEFICIAL OWNERSHIP IN ISLAMIC FINANCE: HIGHLIGHTS ON SHARĪʿAHAND ACCOUNTING ISSUES INVOLVED Abstract This paper examines the ownership from Sharīʿah perspective to ascertain the conformity of beneficial ownership as applied in the Islamic finance industry to the concept of ownership in Sharīʿah. It also studies several Sharīʿah concepts and contractsthat share …
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