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"Islamic finance and finance and banking growth rapidly in Muslim countries and around the world. Along the growth, Islamic accounting is also rising to fulfill the needs of Islamic Community. The rising to the needs for Islamic Accounting is mostly because there are aspects of conventional accounting that do not accord with Islamic principles." (Saufi and Mustafa, 2012). Based of the above statement, discuss in details the need of Islamic accounting.

"Islamic finance and finance and banking growth rapidly in Muslim countries and around the world. Along the growth, Islamic accounting is also rising to fulfill the needs of Islamic Community. The rising to the needs for Islamic Accounting is mostly because there are aspects of conventional accounting that do not accord with Islamic principles." (Saufi and Mustafa, 2012). Based of the above statement, discuss in details the need of Islamic accounting.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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"Islamic finance and finance and banking growth rapidly in Muslim countries and around the world. Along the growth, Islamic accounting is also rising to fulfill the needs of Islamic Community. The rising to the needs for Islamic Accounting is mostly because there are aspects of conventional accounting that do not accord with Islamic principles." (Sauft and Mustafa, 2012). Based of the above statement, discuss in details the need of Islamic accounting.
Transcribed Image Text:"Islamic finance and finance and banking growth rapidly in Muslim countries and around the world. Along the growth, Islamic accounting is also rising to fulfill the needs of Islamic Community. The rising to the needs for Islamic Accounting is mostly because there are aspects of conventional accounting that do not accord with Islamic principles." (Sauft and Mustafa, 2012). Based of the above statement, discuss in details the need of Islamic accounting.
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