ACCOUNTING IN CONTEMPORARY ISLAMIC BANKS

Authors : Nashwan ALDOURY

Pages : 49-69

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Publication Date : 2020-06-30

Article Type : Research Paper

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