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The Islamic accounting triangle: measurement, disclosure and enforcement

In: Handbook on Islam and Economic Life

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  • Roszaini Haniffa
  • Mohammad Hudaib

Abstract

This chapter discusses some of the underlying problems in conventional accounting, which is deemed inappropriate for Islamic business organizations in fulfilling the objectives of Islamic teachings. It illustrates the implications of the Islamic worldview for accounting policies and practices. It provides a critical analysis of three interrelated issues in accounting, namely recognition and measurement, disclosure, and enforcement, which Islamic business organizations need to pay attention to in order to fulfil their accountability to stakeholders.

Suggested Citation

  • Roszaini Haniffa & Mohammad Hudaib, 2014. "The Islamic accounting triangle: measurement, disclosure and enforcement," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 12, pages iii-iii, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16009_12
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    References listed on IDEAS

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    1. Roszaini Haniffa & Mohammad Hudaib, 2007. "Exploring the Ethical Identity of Islamic Banks via Communication in Annual Reports," Journal of Business Ethics, Springer, vol. 76(1), pages 97-116, November.
    2. William O. Coleman, 1995. "Rationalism and Anti-Rationalism in the Origins of Economics," Books, Edward Elgar Publishing, number 98.
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