Conceptualising accounting as a value-based concept in the context of alternative finance
Samir Alamad
Journal of Accounting Literature, 2023, vol. 47, issue 2, 378-403
Abstract:
Purpose - This study aims to investigate the claim that there is no coherent and homogeneous body of concepts and practices that can be classified as “Islamic accounting”. Design/methodology/approach - The study focuses specifically on Islamic accounting and uses a qualitative historical documentary analysis methodology to study an original manuscript from the 14th century. Findings - The analysis of the manuscript argues that religious accounting can be seen as a value-based system for achieving social good and that in the context of Islamic accounting, it can be conceptualised as a coherent body of ideas and practices. Originality/value - Firstly, the study conceptualises Islamic accounting as a homogeneous discipline with its own knowledge, concepts and practices. Secondly, it contributes to current accounting literature by examining an ancient manuscript from the 14th century, which serves as a foundation for understanding the Islamic accounting system within the context of accounting, religion and spirituality. The paper further contributes by arguing that this conceptualisation of religious accounting as a value-based approach enables its practitioners to evaluate their own accountabilities in delivering on socioeconomic objectives related to inter-human/environmental, social and financial transactions within the context of religious accounting practices.
Keywords: Religion; Islamic accounting; Accountability; Value-based accounting; Alternative finance; Accounting history (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers
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: https://EconPapers.repec.org/RePEc:eme:jalpps:jal-03-2023-0042
DOI: 10.1108/JAL-03-2023-0042
Access Statistics for this article
Journal of Accounting Literature is currently edited by Professor Martina Linnenluecke and Professor Tom Smith
More articles in Journal of Accounting Literature from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().