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005			20250513151556.0
008			231102s2024 nyu b 001 0 eng
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
925	0		_aacquire _b2 shelf copies _xpolicy default
955			_wrm13 2023-11-02 telework
010			_a 2023037858
020			_a9781032464022 _q(hardback)
020			_a9781032464039 _q(paperback)
020			_z9781003381525 _q(ebook)
040			_aDLC _beng _erda _cDLC
042			_apcc
050	0	0	_aHF5616.I74 _bM34 2024
082	0	0	_a657.091767 _223/eng/20231102
100	1		_aMahar, Abdul Rauf, _eauthor. _94576
245	1	0	_aFinancial reporting for Islamic financial institutions : _baccounting standards, interpretation and application / _cAbdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf and Asfand Zubair Malik.
250			_a1 Edition.
263			_a2402
264		1	_aNew York, NY : _bRoutledge, _c2024.
300			_avolumes cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
490	0		_aRoutledge studies in accounting
504			_aIncludes bibliographical references and index.
520			_a"Mainstream accounting rules, namely International Financial Reporting Standards (IFRS), used in conventional banking, employ financial logics and principles which are at odds with Shariah and therefore unsuitable for reporting the results of Islamic banks. The book is an effort to explain the Islamic accounting principles and practices for Islamic Financial institutions and to juxtapose them to mainstream accounting principles in a simple and practical manner. The book begins with an overview of the Islamic Finance environment, the rationale for Islamic accounting and a brief introduction of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), the professional body responsible for the issuance of Islamic accounting standards. The main features of the AAOIFI Conceptual Framework and its comparison with IFRS framework are covered in Chapter 2. Chapters 3-9 cover the accounting treatment of the major Islamic finance products including trade-based (Murabaha, Salam and Istisna'a), rental-based (Ijarah) and risk-sharing based products (Mudarabah and Musharakah). Given the significance and complexity of Islamic bonds (Sukuk) for the Islamic finance industry, Chapter 10 discusses the basic accounting and reporting issues vis-à-vis Sukuk, leaving more complex issues for advanced texts on the topic. Zakah accounting (charity) and provisions and impairments are covered in Chapters 11 and 12. The chapters are arranged so that they start with a discussion of the product itself, followed by the AAOIFI accounting treatment and ending with the IFRS perspective. Each chapter begins with the learning objectives and a cover story and closes with a summary of the learning objectives. To facilitate the learning of readers, each chapter contains a glossary of the terms introduced as well as end of chapter multiple choice questions. In addition, each chapter includes practical insights and concept checks to enhance and test the understanding of the readers. This will be a useful guide for students, academics and practitioners concerned with the subject of financial reporting in Islamic Institutions"-- _cProvided by publisher.
650		0	_aAccounting _zIslamic countries. _94579
650		0	_aFinance _xReligious aspects _xIslam. _9543
650		0	_aFinancial statements _xStandards _zIslamic countries. _94582
650		0	_aInternational financial reporting standards. _94585
700	1		_aBhatti, Ayesha, _eauthor. _94588
700	1		_aAshraf, Junaid, _eauthor. _94591
776	0	8	_iOnline version: _aMahar, Abdul Rauf. _tFinancial reporting for islamic financial institutions _b1. _dNew York, NY : Routledge, 2024 _z9781003381525 _w(DLC) 2023037859
999			_c62899 _d62899