Accounting in Islamic banks: evidence for IAS-IFRS/FAS convergence in an exploratory study of Islamic banks in the Gulf region
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5 juin 2012
- handle: 10670/1.pyfp3e
- halshs: halshs-01278066
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Aldo Levy et al., « Accounting in Islamic banks: evidence for IAS-IFRS/FAS convergence in an exploratory study of Islamic banks in the Gulf region », HAL-SHS : économie et finance, ID : 10670/1.pyfp3e
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Résumé
In spite of the AAOIFI's own FASs, which are designed for Islamic finance and its need to comply with Sharia law, the IAS-IFRS standards are still applied by many Islamic banks. Our research addresses the degree of agreement between the IAS-IFRS and the FAS through an exploratory study which provides a comparative analysis of the financial statements of Islamic banks in the Gulf region, using these two different systems. The results of our research show a genuine technical convergence, but at the same time a number of significant divergences re-garding the structure of the balance sheet and the cash-flow analysis