مقالے کی معلومات
جلد
شمارہ
مقالے کی قسم
زبان
تلخیص
The objective of the study is to identify the merits in applying AAOIFI accounting
standards in Islamic banking sector of Pakistan. To study the various dynamics of
AAOIFI accounting standards, a meticulous market survey was conducted from banking
professionals, external auditors, regulators and academic scholars. Structured
questionnaire was designed and distributed in person as well as through various
electronic modes among respondents. The study identified potential problems with using
different accounting standards for financial reporting. The results indicated the need for
an alternate set of accounting standards for Pakistani Islamic banks. Moreover, dire
need was felt for harmonizing accounting standards of Islamic banks. Study revealed the
prominence of AAOIFI accounting standards for growth and reliability of financial
statements pertaining to Islamic banking sector in Pakistan. Respondents disclosed their
satisfaction with credibility and quality of AAOIFI accounting standards. The study
analyzed the ways that AAOIFI accounting standards can escalate the quality of financial
reporting of Pakistani Islamic banks in terms of credibility, consistency, comparability
and clarity. This research endeavors to study the need and benefits in adopting AAOIFI
accounting standards in Pakistani perspective. This study offered implications for theory,
policy and practice as well as some directions for future research.
Shah Raza Khan, Himayatullah Khan, Khurshed Iqbal. (2018) Merits in Applying AAOIFI Accounting Standards in Pakistani Islamic Banks, NUML International Journal of Business & Management, Volume 13, Issue 2.
-
Views
650 -
Downloads
51