Hidden Bibliographic Details
| ISBN: | 9783030162993
3030162990
9783030163006
3030163008
9783030163013
3030163016
3030162982
9783030162986
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| Digital file characteristics: | text file PDF
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| Notes: | 4.4 Accounting, Internal Control and Audit in the Faith-Based System
Online resource; title from digital title page (viewed on June 18, 2019).
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| Summary: | 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.
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| Other form: | Print version: Alamad, Samir. Financial and Accounting Principles in Islamic Finance. Cham : Springer, ©2019 9783030162986
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| Standard no.: | 10.1007/978-3-030-16
10.1007/978-3-030-16299-3
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