Principles of Islamic Accounting

Your introduction to Islamic accounting Principles of Islamic Accounting is the first and only text that covers the fundamentals of Islamic accounting in English. A comprehensive guide, this groundbreaking reference offers both insight into Islamic accounting best practices and disclosure for Shariah-compliant instruments. Covering everything from basic transaction analysis to the preparation of financial statements, this reference serves as a broad framework around which undergraduate students can build their understanding of the Islamic business environment by offering context and showcasing how Islamic values can influence the disclosure of financial information. Islamic accounting is becoming an increasingly important aspect of the business field as globalization results in a surge in business partnerships and transactions around the world. Today's students need to understand Islamic accounting principles in order to effectively work with professionals who adhere to these standards-and accessing this information via text in English was not possible until this revolutionary reference.

• Review the basics through an introduction to Islamic accounting
• Understand the recording process, and how to complete the accounting cycle and adjust accounts as necessary
• Explore accounting for assets, liabilities, equity, and sukuk, as well as zakat and takaful accounting
• Discover details regarding Islamic commercial law, accounting for Islamic financial institutions, and Islamic corporate governance and sustainability, and look at auditing from an Islamic perspective

Principles of Islamic Accounting is an essential text for first-year university students who are studying Islamic accounting, as well as professional societies and organizations that support the use of Islamic accounting principles, such as The Islamic Finance Professionals Association.

Nabil Baydoun (United Arab Emirates) is Assistant Chancellor of the Learners & Enterprise Development at Hamdan Bin Mohammed e-University. Prior to joining HBMeU, Nabil held the Professorship of Accounting and Finance at the University of Wollongong in Dubai and was the Dean of Dubai Business School. Nabil is internationally experienced in financial management, accounting, startups, restructuring and strategic planning. He formulated and implemented strategies for long term profitability and stability and accomplished senior executive backgrounds in several large organizations in Hong Kong, New Zealand, Australia, Lebanon and the UAE.Maliah Sulaiman (Malaysia) is an Accounting professor at International Islamic University Malaysia (IIUM). He previously served as Visiting Academic at the College of Business and Management University of Sharjah in United Arab Emirates. He has also presented at several conferences in the U.S., Malaysia, Australia, South Africa, Dubai, Iran and Romania.Shahul Hameed bin Mohamed Ibrahim (Malaysia) is an Associate Professor at International Centre For Education In Islamic Finance (INCEIF). He previously worked as Assistant Professor and Head of Department of Accounting at International Islamic University Malaysia before joining INCEIF. Aside from being a Chartered Accountant (Malaysia) and a Fellow of the Association of Chartered Certified Accountants (UK), he is also a Chartered Islamic Finance Professional (CIFP). Shahul has published a number of journal articles, conference papers and delivered talks in Malaysia, Indonesia, Philippines and India. He is also the author of the first text book on Islamic accounting.Roger John Willett is a professor at the Tasmanian School of Business & Economics at the University of Tasmania.