e-journal

A study of compliance with AAOIFI accounting standards by Islamic banks in Bahrain

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Purpose – The purpose of this paper is to provide an extension of a previous study by the author into
compliance by Islamic banks in Bahrain with accounting standards issued by the Accounting and
Auditing Organization for Islamic Financial Institutions (AAOIFI).
Design/methodology/approach – A number of compliance indexes are constructed to better
understand compliance by the sample banks. The use of multiple indexes addresses methodological
shortcomings identified in the previous study.
Findings – Compliance is found to be higher for some Islamic issues than for others. In a relative
sense, compliance is found to be similar to that for the region with standards issued by the
International Accounting Standards Board.
Research limitations/implications – The sample is limited to Islamic financial institutions in
Bahrain. This is necessitated by the lack of adaptation elsewhere. The relatively high compliance
found in Bahrain suggests broader adoption would be successful and would contribute to the overall
regulation of the Islamic financial sector.
Originality/value – The AAOIFI has existed for over 20 years, but little empirical research had been
conducted into compliance with the standards developed by this body. This paper, along with the
previous study by the author, helps address this gap.

Keywords AAOIFI, Accounting standards, Compliance, Islam, Banks, Banking, Bahrain

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Ketersediaan

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Informasi Detail

Judul Seri

Journal of Islamic Accounting and Business Research

No. Panggil

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Penerbit

: Emerald Group., 2012

Deskripsi Fisik

Journal of Islamic Accounting and Business Research Vol. 3 No. 2, 2012 pp. 78-98

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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