Some thoughts about accounting conceptual framework and standards for Awqaf Institutions

The awqaf institutions are, perhaps the less developed Islamic financial institutions compared to banking, insurance and zakat. However, these institutions are numerous and widespread all over the world, particularly in the countries where Muslim population is in existence. The attention to awqaf in...

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Main Authors: Adnan, Muhammad Akhyar, Sulaiman, Maliah, Megat Mohd Nor, Putri Nursuad
Format: Article
Language:English
Published: Faculty of Economics and Business, Trisakti University 2007
Subjects:
Online Access:http://irep.iium.edu.my/3217/
http://irep.iium.edu.my/3217/
http://irep.iium.edu.my/3217/1/IMAR2007Putri.pdf
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spelling iium-32172019-08-29T02:33:15Z http://irep.iium.edu.my/3217/ Some thoughts about accounting conceptual framework and standards for Awqaf Institutions Adnan, Muhammad Akhyar Sulaiman, Maliah Megat Mohd Nor, Putri Nursuad H Social Sciences (General) HF5601 Accounting. Bookkeeping The awqaf institutions are, perhaps the less developed Islamic financial institutions compared to banking, insurance and zakat. However, these institutions are numerous and widespread all over the world, particularly in the countries where Muslim population is in existence. The attention to awqaf institutional development just took place in the last three to five years back. It is perhaps, why the development of these institutions seemed to be left far behind than other Islamic institutions. It is undeniable that the hidden strengths of awqaf institutions in solving the problems of the ummah, such as education, health and poverty eradication are so promising. However, this power will not be possible to explore, unless a variety of efforts are done. Among the important aspects that are less considered are the accounting issues which are strongly related to transparency, accountability and good governance. Needless to say accounting is one of critical points must be linked in the muamalah and ibadah activities. Several verses of the Holy Qur'an [QS 2:282: 5:1; 17:35, to mention but few] clearly assert some values related to accounting. Despite of the urge raised by others (e.g. Shahul and lhsan, 2007; Adnan, 2005) to develop a specific accounting standards for awqaf institutions, and accounting standards process being carried out by AAQIFI (2006), the discussion about how the conceptual framework and accounting standards should be welcome. This paper offers some thoughts which are expected to contribute to the development of conceptual framework and accounting standards for awqaf institutions. The discussion will be based on some review on related existing accounting standards on charity organizations, integrated with Islam ic values that cannot be released by awqaf institutions. Faculty of Economics and Business, Trisakti University 2007 Article PeerReviewed application/pdf en http://irep.iium.edu.my/3217/1/IMAR2007Putri.pdf Adnan, Muhammad Akhyar and Sulaiman, Maliah and Megat Mohd Nor, Putri Nursuad (2007) Some thoughts about accounting conceptual framework and standards for Awqaf Institutions. Indonesian Management and Accounting Research, 6 (1). pp. 43-60. ISSN 1411-8858 E-ISSN 2442-9724 https://media.neliti.com/media/publications/64953-ID-none.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic H Social Sciences (General)
HF5601 Accounting. Bookkeeping
spellingShingle H Social Sciences (General)
HF5601 Accounting. Bookkeeping
Adnan, Muhammad Akhyar
Sulaiman, Maliah
Megat Mohd Nor, Putri Nursuad
Some thoughts about accounting conceptual framework and standards for Awqaf Institutions
description The awqaf institutions are, perhaps the less developed Islamic financial institutions compared to banking, insurance and zakat. However, these institutions are numerous and widespread all over the world, particularly in the countries where Muslim population is in existence. The attention to awqaf institutional development just took place in the last three to five years back. It is perhaps, why the development of these institutions seemed to be left far behind than other Islamic institutions. It is undeniable that the hidden strengths of awqaf institutions in solving the problems of the ummah, such as education, health and poverty eradication are so promising. However, this power will not be possible to explore, unless a variety of efforts are done. Among the important aspects that are less considered are the accounting issues which are strongly related to transparency, accountability and good governance. Needless to say accounting is one of critical points must be linked in the muamalah and ibadah activities. Several verses of the Holy Qur'an [QS 2:282: 5:1; 17:35, to mention but few] clearly assert some values related to accounting. Despite of the urge raised by others (e.g. Shahul and lhsan, 2007; Adnan, 2005) to develop a specific accounting standards for awqaf institutions, and accounting standards process being carried out by AAQIFI (2006), the discussion about how the conceptual framework and accounting standards should be welcome. This paper offers some thoughts which are expected to contribute to the development of conceptual framework and accounting standards for awqaf institutions. The discussion will be based on some review on related existing accounting standards on charity organizations, integrated with Islam ic values that cannot be released by awqaf institutions.
format Article
author Adnan, Muhammad Akhyar
Sulaiman, Maliah
Megat Mohd Nor, Putri Nursuad
author_facet Adnan, Muhammad Akhyar
Sulaiman, Maliah
Megat Mohd Nor, Putri Nursuad
author_sort Adnan, Muhammad Akhyar
title Some thoughts about accounting conceptual framework and standards for Awqaf Institutions
title_short Some thoughts about accounting conceptual framework and standards for Awqaf Institutions
title_full Some thoughts about accounting conceptual framework and standards for Awqaf Institutions
title_fullStr Some thoughts about accounting conceptual framework and standards for Awqaf Institutions
title_full_unstemmed Some thoughts about accounting conceptual framework and standards for Awqaf Institutions
title_sort some thoughts about accounting conceptual framework and standards for awqaf institutions
publisher Faculty of Economics and Business, Trisakti University
publishDate 2007
url http://irep.iium.edu.my/3217/
http://irep.iium.edu.my/3217/
http://irep.iium.edu.my/3217/1/IMAR2007Putri.pdf
first_indexed 2023-09-18T20:10:57Z
last_indexed 2023-09-18T20:10:57Z
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