Abstract
Islamic accounting reporting and economic development: Nigerian perspective
Highlights
IntroductionThe Islamic accounting standards improve confidence on investments and investors among Muslim community with an increase in Zakat collections (Sarea, 2013), and become an important tool that could meet different needs of Islamic Financial Institutions(IFIs) (Sarea & Mohd Hanefah, 2013)
This paper is to determine the impact of Islamic financial reporting for economic development of Nigeria with the aim to provide the significance of the Islamic accounting in Nigeria
The Muslims population in Nigeria highly significant to improve the economic development of the country
Summary
The Islamic accounting standards improve confidence on investments and investors among Muslim community with an increase in Zakat collections (Sarea, 2013), and become an important tool that could meet different needs of Islamic Financial Institutions(IFIs) (Sarea & Mohd Hanefah, 2013). The sector has one major problem facing IFIs which lies in the financial reporting preparation using different accounting standards that could result in the issue of reliability, comparability and compliance level’s measurement (Sarea & Hanefah, 2013). Prior research presented evidence on the need for adopting AAOIFI for IFIs in countries that use Islamic banks or financial institutions (see, Sarea & Hanefah, 2013), and to answer inequality question between.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
