Financial reporting of intangible assets in Islamic finance
Joint Authors
Ahmad, Mezbah Uddin
al-Habashi, Sayyid Musa
Abu Rashid, Hafiz Majdi
Ujayl, Sharifah Khadijah Sayyid
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 9, Issue 2 (31 Dec. 2017), pp.190-195, 6 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2017-12-31
Country of Publication
Malaysia
No. of Pages
6
Main Subjects
Abstract EN
Purpose – This paper aims to address the financial reporting dimensions of intangible assets with specific reference to International Accounting Standards (IAS) 38 as well as relevant International Financial Reporting Standards (IAS 38 exclusion) that are embedded within intangible assets.
These have implications for Islamic financial assets with identifiable and measurable intangible components.
Design/methodology/approach – The study uses the qualitative research method by way of interviews followed by focus group discussions with professional accountants/accounting academics and Sharīʿah scholars/advisors from academia, the industry and regulatory bodies.
Analysis of relevant literature is made to understand the subject matter and Sharīʿah-related issues.
Findings – The study observes that the accounting dimensions of tangible assets are generally consistent with Sharīʿah requirements.
However, significant variation arises when the dimensions of intangible assets are represented in financial assets.
Research limitations/implications – The paper presents an exploratory in-depth analysis within the context of intangible assets as specified in IAS 38.
Originality/value – The paper elucidates the comparative accounting dimensions and Sharīʿah requirements in reporting financial assets.
American Psychological Association (APA)
al-Habashi, Sayyid Musa& Abu Rashid, Hafiz Majdi& Ujayl, Sharifah Khadijah Sayyid& Ahmad, Mezbah Uddin. 2017. Financial reporting of intangible assets in Islamic finance. ISRA International Journal of Islamic Finance،Vol. 9, no. 2, pp.190-195.
https://search.emarefa.net/detail/BIM-965116
Modern Language Association (MLA)
al-Habashi, Sayyid Musa…[et al.]. Financial reporting of intangible assets in Islamic finance. ISRA International Journal of Islamic Finance Vol. 9, no. 2 (2017), pp.190-195.
https://search.emarefa.net/detail/BIM-965116
American Medical Association (AMA)
al-Habashi, Sayyid Musa& Abu Rashid, Hafiz Majdi& Ujayl, Sharifah Khadijah Sayyid& Ahmad, Mezbah Uddin. Financial reporting of intangible assets in Islamic finance. ISRA International Journal of Islamic Finance. 2017. Vol. 9, no. 2, pp.190-195.
https://search.emarefa.net/detail/BIM-965116
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-965116