Islamic Accounting

Course Description

Islamic Accounting covers key topics that link Islam with accounting practices. It covers various Islamic financial instruments and transactions, such as Mudaraba, Murabaha, Musharaka, Ijara, as well as the accounting principles for Sukuk (Islamic bonds), Zakat, and Takaful (Islamic insurance). The course also discusses financial reporting standards for Islamic financial institutions (IFIs) and governance standards in Islamic accounting. In addition, the course compares these Islamic practices with International Financial Reporting Standards (IFRS).