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Islamic Accounting - Steven M. Bragg

Islamic Accounting

By: Steven M. Bragg

Paperback | 26 June 2025

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Islamic accounting mostly follows the IFRS accounting framework, but differs from it in a few key areas. We discuss these differences in the Islamic Accounting manual, including prohibited business activities, how to calculate Zakat, and the different sukuk structures used. The manual also addresses differences in how financial statements are structured, additional disclosure requirements, and the use of social responsibility accounting.

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