Öz
This study aims to explore the opinion and awareness of Turkish accounting and finance academicians’ regarding Interest-Free Finance Accounting Standards (IFFAS). Findings reveal that the participants generally have information about IFFAS, a positive view on the implementation of IFFAS, and believe that the representatives of the BRSA, POA, and PBAT should take an active role. They agree that TAS/ TFRS and IFFAS can be implemented together, and that local accounting standards that are compatible with Islamic principles specific to Turkey should be established. Furthermore, factors that affect the implementation of IFFAS and possible advantages and disadvantages of IFFAS are investigated.