Economics at your fingertips  


Radu-Daniel Loghin and Crina Seria
Additional contact information
Crina Seria: Academia de Studii Economice Bucureşti,Romania

SEA - Practical Application of Science, 2014, issue 5, 385-392

Abstract: In recent years global finance has seen the emergence of Islamic finance as an alternative to the western secular system. While the two systems posses largely similar concepts of social equity and well-being the major divide between them rests in the distinction between divine and natural law as a source of protection for the downtrodden. As communication barriers between the Arabic and Anglo-European accounting systems start to blur, the question posed for the practitioners as to what constitutes a source of equity becomes more and more relevant. Considering the case of Islamic countries, besides internally-generated and acquired goodwill Islamic sources of social equity such as zakat also provide a source of social equity. For the purpose of this paper, two models pertaining to value relevance are tested for a sample of 56 companies in 6 accounting jurisdictions with the purpose of identifying the underlying sources of social equity revealing that zakat disclosures marginally improve the accuracy of the model.

Keywords: Goodwill; Shariah; Emerging markets; Zakat (search for similar items in EconPapers)
JEL-codes: G32 K20 M49 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

SEA - Practical Application of Science is currently edited by Romanian Foundation for Business Intelligence

More articles in SEA - Practical Application of Science from Romanian Foundation for Business Intelligence, Editorial Department
Bibliographic data for series maintained by Serghie Dan ().

Page updated 2021-03-28
Handle: RePEc:cmj:seapas:y:2014:i:5:p:385-392