Islamic Banking and Finance Thesis Statements

International Accounting and Islamic Banking and Finance

 

1)     Islamic banking and finance principles contain forbidden elements that are in contrast of international accounting principles.

 

2)     Though Islamic banks and financial institutions adhere to legal and state requirements, there are underlying concepts not consistent with the International Accounting Standards Board (IASB).

 

3)     Prohibitions of Rib¯a and Gh_arar are not in consonance with Generally Accepted Accounting Principles.

 

4)     Islamic financing methods impose limitations in implementing international accounting standards.

 

5)     How international accounting standards create a competitive disadvantage for the Islamic banking and finance industry? 

 

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