e-journal

Accounting, religion and organisational culture: the creation of Jordan Islamic Bank

---

Abstract
Purpose – The paper seeks to examine the cultural factors that shaped the creation of one of the
earliest Islamic banks, discussing the tensions that arise between religious and economic aims.
Design/methodology/approach – The paper is a case study of a historically significant institution.
The information on which the paper is based was obtained through interviews with participants in the
process being analysed, review of archived documents, and observation. Edgar Schein’s theory of
organisational culture and leadership is employed to provide theoretical structure for the analysis.
Findings – The paper shows that creating a new type of organisation – an Islamic bank – in Jordan
required special legislation. A study of the development of this legislation reveals that the bank’s
founder needed to convince both the religious and political authorities and potential investors that the
bank would comply with Shari’a principles while at the same time generating profitable business. The
outcome was to validate transactions that were Shari’a-compliant in form but similar in substance to
those of conventional banks.
Research limitations/implications – The paper examined one bank, and the findings are not
necessarily representative of the experience of other Islamic financial institutions.
Social implications – The research highlights the problems faced in establishing businesses that
seek to follow the moral and economic teachings of Islam. The paper contributes to the ongoing debate
about whether it is possible to establish genuinely Islamic businesses within a conventional economy.
Originality/value – This is the first detailed academic study of the creation of an Islamic financial
institution to make use of a wide range of documentary and oral evidence, including interviews with
insiders.

Keywords Islam, Banking, Jordan, Financial reporting

---

Ketersediaan

Tidak ada salinan data

Informasi Detail

Judul Seri

Journal of Islamic Accounting and Business Research

No. Panggil

-

Penerbit

: Emerald Group., 2010

Deskripsi Fisik

Journal of Islamic Accounting and Business Research Vol. 1 No. 2, 2010 pp. 92-113

Bahasa

English

ISBN/ISSN

-

Klasifikasi

-

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

-

Edisi

-

Subjek

AKUNTANSI

Info Detail Spesifik

-

Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

Komentar

---

Anda harus masuk sebelum memberikan komentar