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:	H Social Sciences (General) HF5601 Accounting. Bookkeeping
Online Access:	http://irep.iium.edu.my/3217/ http://irep.iium.edu.my/3217/ http://irep.iium.edu.my/3217/1/IMAR2007Putri.pdf

id	iium-3217
recordtype	eprints
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
_version_	1777407473263575040

Some thoughts about accounting conceptual framework and standards for Awqaf Institutions

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