AAOIFI Technical Boards Shari’ah Standards Review Committee · Shari’ah Standards Translation Review AAOIFI-World Bank 13th Annual Conference. 30 Dec The Accounting and Auditing Organisation for Islamic Financial Institutions ( AAOIFI) has issued a new accounting standard on investment. This paper focuses on the issue relevant to the need for Islamic accounting standards in reporting Islamic Financial Institutions (IFIs), in the context of Malaysia.

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Abstract This paper focuses on the issue relevant to the need for Islamic accounting standards in reporting Islamic Financial Institutions IFIsin the context of Malaysia. Under a Creative Commons license.

Recommended articles Citing articles 0. The data was later analyzed using descriptive statistics, regression analyses and t—test.

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated. We use cookies to help provide and enhance our service and tailor content and ads. In that case, the findings show that in order to convince the public that they offer Shariah compliance products approved by Shariah Advisory Council, there is a need for specificity guidelines or standards for IFIs within the IFRS framework. This paper focuses on the issue relevant to the need for Islamic accounting standards in reporting Islamic Financial Institutions IFIsin the context of Malaysia.

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The investigation is however undertaken by employing a survey method which involved questionnaire as primary data and annual reports as secondary data. Without such collaboration, the intended specific guidelines for IFIs will be unlikely to be accepted globally. By continuing you agree to the use of cookies.

The findings from the current study therefore contribute towards a better understanding and acceptability of the AAOIFI accounting standards. The t-test was conducted to verify the mean differences among the respondents in Islamic banks.

AAOIFI – Al Baraka Bank

The finding of the study therefore indicates that, sample mean of banks in Bahrain is slightly higher in term of compliance with the AAOIFI accounting standards compared accouhting Malaysia.

Keywords Islamic Accounting Standards. Adel Mohammed Yaslam Sarea.

Show full item record. This has however resulted to a heated debate among scholars which has hitherto translated to the evolving existing literature surrounding the interpretation of the level of compliance with the AAOIFI accounting standards.

THE IMPACT OF AAOIFI ACCOUNTING STANDARDS ON EARNINGS QUALITY: THE CASE OF ISLAMIC BANKS IN BAHRAIN

The basis of the study was diffusion of innovation theory which states that, the perceived relative advantage, compatibility, stancards, trialability and observability influence the level of compliance or adoption. This study therefore mainly investigates the level of compliance with the AAOIFI accounting standards by Islamic banks in Bahrain and Malaysia and thus provides answers to the current debate.

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Download full text in PDF Download. Please use this identifier to cite or link to this item: Procedia Economics and Finance Volume 31, Pages Elsevier About ScienceDirect Remote access Shopping cart Contact and support Terms and conditions Privacy policy We use cookies to help provide and enhance our service and tailor content and ads.

Moreover, the results revealed that, although the AAOIFI accounting standards are not mandatory in Malaysia, there are some similarities between the perceptions of Islamic banks in Malaysia and Bahrain on certain aspects related to the responsibility to comply with the AAOIFI accounting standards.