ACCOUNTING IN CONTEMPORARY ISLAMIC BANKS

Year 2020, Volume: 1 Issue: 1, 49 - 69, 30.06.2020

Nashwan Aldoury

Abstract

Islamic banking is a structure that has started to be followed recently by all the countries of the world and is seen as an alternative banking system in non-Muslim countries.The Islamic economy and any kind of transactions that will be discussed in the Islamic economy and finance index are made possible by the realization of the interest-free economic activities. Meanwhile, the interest that attracts the most attention in commercial and financial transactions is the inside interest factor.The interest rate approach is considered as one of the most important principles in the disrupted Islamic financial transactions. The basis of the Islamic religion is the foundation of Islamic economy.The fact that the interest, which is the basis of the world's financial ecosystem, has been harmed by our religion has caused Muslim societies to create a separate financial ecosystem.
This financial system, known as Islamic Finance in the rest of the world, is pronounced as participation banking in our country. These financial institutions are free of interest from other financial institutions due to interest-free transactions in accordance with Islamic principles.Participation banks serve the customers in the current system with methods that are appropriate to the Islamic principles or the methods they have developed, and thus, the idle funds that try to avoid interest are brought into the economy.
In this study, financial accounting and its beginnings, functions of financial accounting Differences between dividend and interest according to Islamic banks, the concept of accounting in Islam, its origins, beginning and applications, the concept of the bank in Islam. Foreign trade financing, 2-numbered financial accounting standards, mudarebe, interest-free banking issues were examined and detailed.

Keywords

murabaha, musharakah, mudaraba, almal, riba

Thanks

All thanks and appreciation to the assistant professor, Dr. Muhammad Islamoglu.

ACCOUNTING IN CONTEMPORARY ISLAMIC BANKS

Abstract

Islamic banking is a structure that has started to be followed recently by all the countries of the world and is seen as an alternative banking system in non-Muslim countries.The Islamic economy and any kind of transactions that will be discussed in the Islamic economy and finance index are made possible by the realization of the interest-free economic activities. Meanwhile, the interest that attracts the most attention in commercial and financial transactions is the inside interest factor.The interest rate approach is considered as one of the most important principles in the disrupted Islamic financial transactions. The basis of the Islamic religion is the foundation of Islamic economy.The fact that the interest, which is the basis of the world's financial ecosystem, has been harmed by our religion has caused Muslim societies to create a separate financial ecosystem.

Keywords

murabaha, musharakah, mudaraba, almal, riba

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