عنوان

Financial and accounting principles in Islamic finance /

(Number (ISBN

3030162990

(Number (ISBN

3030163008

(Number (ISBN

3030163016

(Number (ISBN

9783030162993

(Number (ISBN

9783030163006

(Number (ISBN

9783030163013

Erroneous ISBN

3030162982

Erroneous ISBN

9783030162986

Title Proper

Financial and accounting principles in Islamic finance /

General Material Designation

[Book]

First Statement of Responsibility

Samir Alamad.

Place of Publication, Distribution, etc.

Cham, Switzerland :

Name of Publisher, Distributor, etc.

Springer,

Date of Publication, Distribution, etc.

[2019]

Specific Material Designation and Extent of Item

1 online resource (368 pages)

Text of Note

4.4 Accounting, Internal Control and Audit in the Faith-Based System

Text of Note

Intro; Preface; Acknowledgement; Contents; List of Common Abbreviations; List of Figures; List of Tables; Chapter 1: Introduction: The Basics of Islamic Economics and Finance; 1.1 Fundamentals of Islamic Law and Islamic Finance; 1.2 Islam: Comprehensive Guidance in All Human Affairs; 1.2.1 A Universal Message in an Evolving World; 1.2.2 Evolution of Islamic Law; 1.2.3 Common Law Characteristics and Legal Maxims; 1.3 History and Development of Islamic Finance; 1.4 Shariah Guidance in Financial Matters; 1.4.1 Ethics; 1.4.1.1 Individuals; 1.4.1.2 Corporations and Institutions

Text of Note

1.4.2 Restrictions in Financial Transactions1.4.3 Riba, Usury and Bank Interest; 1.5 Bank Financing Without Riba; 1.5.1 The Jurists ́Approach; 1.5.2 Substance and Form; 1.5.3 The Economists ́Approach; 1.6 Shariah Compliance and Shariah Governance; 1.6.1 Shariah Boards of Islamic Financial Institutions; 1.6.2 Fatwas on Products and Shariah Reports; 1.6.3 National Shariah Board; 1.7 Conclusion; Chapter 2: Money, Its Origins, Nature and the Time Value of Money; 2.1 Introduction; 2.2 The Concept of Money in Society; 2.2.1 Bartering; 2.3 What Is Money?; 2.4 Pre-metallic Money; 2.4.1 Cowrie

Text of Note

2.4.2 Fijian2.4.3 Wampum: The Favourite American-Indian Money; 2.4.4 Cattle: Manś First Working-Capital Asset; 2.5 Pre-coinage Metallic Money; 2.6 Coinage; 2.7 Paper Money; 2.8 Faith-Based Concept of Money; 2.9 The Nature of Money; 2.10 Time Value of Money; 2.11 Conclusion; Chapter 3: An Analysis of Paper Money and the Concept of Multi-genus Banknotes; 3.1 Introduction; 3.2 The Theory of Money; 3.3 A Comparative Analysis of Paper Money in Islamic Economics; 3.3.1 Paper Money Is Multiple Genera According to Issuing Countries; 3.3.1.1 Evidence Supporting This View

Text of Note

3.3.2 Paper Money Is a Single Genus Regardless of the Number of Issuing Countries3.3.2.1 Evidence Supporting This View; 3.4 Discussion of the Two Views of Paper Money; 3.4.1 Discussion of the Rationale of the First View; 3.4.2 Discussion of the Rationale of the Second View; 3.5 Digital Currency in the Context of Islamic Jurisprudence; 3.5.1 How Is Digital Currency Money and How It Works?; 3.5.1.1 Bitcoin; 3.5.1.2 Altcoins; 3.5.1.3 Tokens; 3.5.2 Digital Currencies from an Islamic Economics and Finance Perspective; 3.6 Conclusion

Text of Note

Chapter 4: The Origins of Accounting in the Islamic Economics and Finance System4.1 Introduction; 4.2 Evolution of Accounting Systems and Its Types in Islamic Economics and Finance; 4.3 Components of the Accounting System in Islamic Economics and Finance; 4.3.1 Components of the Accounting System; 4.3.1.1 Physical Factors; 4.3.1.2 Human Components; 4.3.2 Elements of the Accounting System in Islamic Economics and Finance; 4.3.2.1 Documentary Collection; 4.3.2.2 Accounting Book; 4.3.2.3 Directory of Accounts; 4.3.2.4 Reports and Financial Statements

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Text of Note

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.

Source for Acquisition/Subscription Address

Springer Nature

Stock Number

com.springer.onix.9783030162993

Title

Financial and Accounting Principles in Islamic Finance.

International Standard Book Number

9783030162986

Accounting (Islamic law)

Accounting-- Islamic countries.

Banks and banking-- Religious aspects-- Islam.

Finance (Islamic law)

Finance-- Religious aspects-- Islam.

Accounting (Islamic law)

Accounting.

Banks and banking-- Religious aspects-- Islam.

Finance (Islamic law)

Finance-- Religious aspects-- Islam.

Islamic countries.

7

BUS112000

JBSR

KFF

KFF

Number

Number

Edition

Edition

Class number

Book number

Alamad, Samir

Date of Transaction

20200823085120.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y