Business succession from an Islamic accounting perspective
المؤلفون المشاركون
Umar, Umar Habibu
Kurawa, Junaidu Muhammad
المصدر
ISRA International Journal of Islamic Finance
العدد
المجلد 11، العدد 2 (31 ديسمبر/كانون الأول 2019)، ص ص. 267-281، 15ص.
الناشر
الأكاديمية العالمية للبحوث الشرعية
تاريخ النشر
2019-12-31
دولة النشر
ماليزيا
عدد الصفحات
15
التخصصات الرئيسية
الملخص EN
Purpose – The purpose of this paper is to discuss the inheritance of a business from the Islamic accounting perspective.
Design/methodology/approach – The paper adapts the relevant provisions of conventional accounting standards and practices that conform to Sharīʿah (Islamic law).
In addition, the provisions of the Islamic accounting standard for musharakah (AAOIFI’s FAS No.
4) found to be relevant are also adapted.
Findings – The study shows that the assets of an inherited business should be measured at their fair values and that liabilities and legacies must be deducted therefrom with the view to arriving at the equity (or residue).
The equity is then distributed among the heirs based on the sharing ratio established according to the Noble Qurʾan, the Sunnah (the Prophet’s way) and Muslim jurists’ views.
Therefore, the inherited business becomes a family business as each heir is admitted into it.
By extension, Islam emphasizes that the business should remain a going concern to generate income to sustain the welfare of the heirs.
Research limitations/implications – The discussion of the paper is limited to the inheritance of a business and its going concern in line with the Sharīʿah.
Practical implications – Special attention should be paid to the inherited business to ensure not only its continuity to generate income for the heirs but also that each heir gets a correct share of the equity of the business as regulated by the Sharīʿah.
Originality/value – This study links Islamic inheritance to the going concern of the business, which from all indications has not been given full consideration by previous studies.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Umar, Umar Habibu& Kurawa, Junaidu Muhammad. 2019. Business succession from an Islamic accounting perspective. ISRA International Journal of Islamic Finance،Vol. 11, no. 2, pp.267-281.
https://search.emarefa.net/detail/BIM-965289
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Umar, Umar Habibu& Kurawa, Junaidu Muhammad. Business succession from an Islamic accounting perspective. ISRA International Journal of Islamic Finance Vol. 11, no. 2 (2019), pp.267-281.
https://search.emarefa.net/detail/BIM-965289
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Umar, Umar Habibu& Kurawa, Junaidu Muhammad. Business succession from an Islamic accounting perspective. ISRA International Journal of Islamic Finance. 2019. Vol. 11, no. 2, pp.267-281.
https://search.emarefa.net/detail/BIM-965289
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 279-281
رقم السجل
BIM-965289
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر