Accounting in Islamic banks: evidence for IAS-IFRS/FAS convergence in an exploratory study of Islamic banks in the Gulf region

Aldo Levy () and Hichem Rezgui
Additional contact information
Aldo Levy: LIRSA - Laboratoire interdisciplinaire de recherche en sciences de l'action - CNAM - Conservatoire National des Arts et Métiers [CNAM]

Post-Print from HAL

Abstract: In spite of the AAOIFI's own FASs, which are designed for Islamic finance and its need to comply with Sharia law, the IAS-IFRS standards are still applied by many Islamic banks. Our research addresses the degree of agreement between the IAS-IFRS and the FAS through an exploratory study which provides a comparative analysis of the financial statements of Islamic banks in the Gulf region, using these two different systems. The results of our research show a genuine technical convergence, but at the same time a number of significant divergences re-garding the structure of the balance sheet and the cash-flow analysis

Keywords: Islamic; finance; -; International; standards; for; financial; reporting; -; Accounting; convergence; and; financial; divergence. (search for similar items in EconPapers)
Date: 2012-06-05
References: Add references at CitEc
Citations:

Published in Organizational development and change in organizations, Colloque international/séminaire doctoral organisé avec l'Academy Of Manangement (États-Unis) et Iséor, Jun 2012, Lyon, France

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:halshs-01278066

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().