Murabaha-an Islamic financing mode and the chauenges vis-a-vis the international accounting standards
Joint Authors
Source
Journal of Islamic Business and Management
Issue
Vol. 3, Issue 1 (30 Jun. 2013), pp.91-102, 12 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2013-06-30
Country of Publication
Pakistan
No. of Pages
12
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
- Banks
- Islam
- Financing
- Accounting
- Standards
- Resale on profit
- Religious aspects
- Banking
- Islamic Banks
- Markup
- International accounting standard
Abstract EN
The following paper on Murabahaexplores the challenges vis-a-vis the International Financial Reporting Standards (IFRS).
Some aspects are first analyzed and then compared to specific IFRS, namely IAS 2-Inventories, IAS 23-Borrowing Costs, IAS 16-Property, Plant and Equipment, IAS 18- Revenue, IAS 40-Investment Property, and taxable income.
Murabaha, a method of Islamic Financing with its fixed profit margin, offers the seller a more predictable income stream, however, it is also a controversial issue in the Islamic world of finance due to the sensitivity of the profit margin as opposed to interest.
From IFRS’s point of view, there are controversies between IFRS and Murabahaapplications.
The paper tries to explain the controversies and proposes solutions to overcome the reporting differences between Murabahaapphcations and IFRS.
American Psychological Association (APA)
Ilter, Cenap& al-Barrad, Sharif. 2013. Murabaha-an Islamic financing mode and the chauenges vis-a-vis the international accounting standards. Journal of Islamic Business and Management،Vol. 3, no. 1, pp.91-102.
https://search.emarefa.net/detail/BIM-601444
Modern Language Association (MLA)
Ilter, Cenap& al-Barrad, Sharif. Murabaha-an Islamic financing mode and the chauenges vis-a-vis the international accounting standards. Journal of Islamic Business and Management Vol. 3, no. 1 (Jun. 2013), pp.91-102.
https://search.emarefa.net/detail/BIM-601444
American Medical Association (AMA)
Ilter, Cenap& al-Barrad, Sharif. Murabaha-an Islamic financing mode and the chauenges vis-a-vis the international accounting standards. Journal of Islamic Business and Management. 2013. Vol. 3, no. 1, pp.91-102.
https://search.emarefa.net/detail/BIM-601444
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 102
Record ID
BIM-601444