Religion as a Source of Islamic Ethics and its Impact on the Islamic Accounting System
DOI:
https://doi.org/10.18778/0208-6018.355.02Keywords:
Islamic ethics, Sharia, Islamic accountingAbstract
The article introduces religion as a source of Muslim ethics and shows how it is shaping the system of Islamic accounting and the ethical behaviour of Muslim accountants. Cultural differences are an increasingly important factor to be taken into account in running a business. They are also the subject of scientific research, for example, in the context of their impact on the development of accounting systems in various cultural circles. The relevant reference literature and the Qur’an were used for qualitative analysis carried out by means of induction and deduction methods. The analysis conducted indicates that although the scope of ethical codes in Muslim and non‑Muslim countries is very similar, in the case of Islam, its message is strengthened by religion seen as a source of law as well as professional ethics. This means that the legal sanctions envisaged for breaking the rules are accompanied by the fear of being excluded from the community and losing an opportunity for salvation. This article can fulfill an informative role, allowing the reader to understand the reasons for some differences in perceiving ethical issues and the way of doing business in different cultural circles.
Downloads
References
Abdul Rahman A. R. (2010), An introduction Islamic accounting theory and practice, Centre for Research and Training, Kuala Lumpur.
Google Scholar
Abu-Tapanjeh A. M. (2007), Corporate governance from the Islamic perspective: A comparative analysis with OECD principles, “Critical Perspectives on Accounting”, vol. 20, issue 5, pp. 556–567, https://doi.org/10.1016/J.CPA.2007.12.004
Google Scholar
Adamek J. (2008), PLS i jego odwzorowanie w produktach bankowości islamskiej na przykładzie kontraktu musharakah, Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu, Wrocław.
Google Scholar
Alani F. S., Alani H. K. (2012), The Role of Islamic Ethics in Accounting Environment, “Journal of Business and Management”, vol. 2, issue 1, pp. 26–30, https://doi.org/10.9790/487X-0212630
Google Scholar
Alduaimi S. (2016), Fundamental Islamic perspective of work ethics, “Journal of Islamic Accounting and Business Ethics”, vol. 7, no. 1, pp. 59–76, https://doi.org/10.1108/JIABR-02-2014-0006
Google Scholar
Al-Ghazali (2001), Muslim’s Morality, Darul Al-Qalam Publication, Beirut.
Google Scholar
Ali A., Al-Aali A. (2015), Marketing and ethics: What Islamic ethics here contributed and the challenges Ahead, “Journal of Business Ethics”, vol. 129, pp. 833–845, https://doi.org/10.1007/s10551-014-2131 x
Google Scholar
Al-Kaber M. (2013), Techniki finansowe banków islamskich, “Optimum. Studia Ekonomiczne”, vol. 3, no. 63, pp. 174–194, https://doi.org/10.15290/ose.2013.03.63.11
Google Scholar
Amin H., Abdul Rahman A. R., Abdul Razak D. (2013), An intergrative approach for understanding Islamic financing adoption in Malaysia, “International Journal of Bank Marketing”, vol. 31, issue 7, pp. 544–573, https://doi.org/10.1108/IJBM-02-2013-0008
Google Scholar
Basri H., Abdul Khalid S. N. (2012), Examining accounting and accountability issues in religious context: insight from literature, “Aceh International Journal of Social Sciences”, vol. 1, no. 1, pp. 24–31.
Google Scholar
Beekun R., Badawi J. (2005), Balancing ethical responsibility among multiple organizational stakeholders: the Islamic perspective, “Journal of Business Ethics”, vol. 60, pp. 131–145, https://doi.org/10.1007/s10551-004-8204-5
Google Scholar
Bonca M. A. (2010), Islamskie instrumenty finansowe, Wydawnictwa Akademickie i Profesjonalne, Warszawa.
Google Scholar
Czerniak A. (2010), Symptomy kryzysu globalnego a etyka gospodarcza religii światowych. Analiza porównawcza bankowości islamskiej i bankowości klasycznej w kontekście kryzysu finansowego, Szkoła Główna Handlowa w Warszawie, Warszawa.
Google Scholar
Czerny M. (2016), Wpływ zasad religijnych na ukształtowanie systemu rachunkowości, “Annales. Etyka w Życiu Gospodarczym”, vol. 19, no. 2, pp. 111–128, https://doi.org/10.18778/1899-2226.19.2.08
Google Scholar
Czerny M., Mazurowska M. (2019), A possible impact of cultural factors on the expectations on the content of Islamic financial statements, “Problems of Management in the 21st Century”, vol. 14, no. 1, pp. 21–31, https://doi.org/10.33225/pmc/19.14.21
Google Scholar
Danecki J. (2007), Podstawowe wiadomości o islamie, Wydawnictwo Akademickie DIALOG, Warszawa.
Google Scholar
Elias R. Z., Farag M. (2010), The relationship between accounting student’s love of money and their ethical perception, “Managerial Accounting Journal”, vol. 25, issue 3, pp. 269–281, https://doi.org/10.1108/02686901011026369
Google Scholar
Hajiha Z., Rajabdorri H. (2018), The Relationship between Islamic Work Ethics and Professional Ethics in Accounting Instructors, “Semiannual Journal of Islam and Management”, vol. 6, no. 12, pp. 139–156, http://im.rihu.ac.ir/article_1496.html?lang=en (accessed: 30.08.2021).
Google Scholar
Hameed S., Yaya R. (2011), The emerging issues on the objectives and characteristics of Islamic accounting for Islamic business organizations, “Malaysian Accounting Review”, vol. 4, no. 1, pp. 75–92.
Google Scholar
Hossain M. K., Karim M. S., Islam S. (2008), A comparative analysis of conventional ethical code and Islamic ethcal code in accounting profession, “Thought on Economics”, vol. 20, no. 1, pp. 39–53.
Google Scholar
Iqbal M. Z., Molyneux P. (2005), Thirty Years of Islamic Banking, Palgrave Macmillan Studies in Banking and Financial Institutions, New York.
Google Scholar
Jabłońska-Bonca J. (2005), Islam – prawo i finanse, [in:] H. Dzwonkowski, J. Głuchowski, A. Pomorska (eds.), W kręgu prawa podatkowego i finansów publicznych, Wydawnictwo Uniwersytetu M. Curie-Skłodowskiej w Lublinie, Lublin, pp. 170–178.
Google Scholar
Jackling B., Cooper B. J., Leung P., Dellaportas S. (2007), Professional accounting bodies’ perception of ethical issues, causes of ethical failure and ethics education, “Managerial Auditing Journal”, vol. 22, issue 9, pp. 928–944, https://doi.org/10.1108/02686900710829426
Google Scholar
Jaworska E. (2011), Specyfika rachunkowości islamskiej. Wybrane zagadnienia, “Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia”, vol. 625, no. 32, pp. 75–85.
Google Scholar
Korenik D. (2010), Specyfika bankowości niekonwencjonalnej, [in:] A. Janc (ed.), Bankowość a kryzys na rynkach finansowych, “Zeszyty Naukowe Uniwersytetu Ekonomicznego w Poznaniu”, vol. 140, pp. 544–555.
Google Scholar
Ladewi Y. (2014), The role of Islam values (ethics) in accounting practice and impact of accounting information quality: A library study, “International Journal of Economics, Commerce and Management”, vol. 2, no. 12, pp. 1–12.
Google Scholar
Lewis M. K. (2001), Islam and Accounting, “Accounting Forum”, vol. 25, no. 2, pp. 103–127, https://www.tandfonline.com/doi/pdf/10.1111/1467-6303.00058 (accessed: 30.08.2021).
Google Scholar
Low M., Davey H., Hooper K. (2008), Accounting scandals, ethical dilemmas and educational challenges, “Critical Perspectives on Accounting”, vol. 19, issue 2, pp. 222–254, https://doi.org/10.1016/J.CPA.2006.05.010
Google Scholar
Napier C. (2009), Defining Islamic accounting: current, issues, past and roots, “Accounting History”, vol. 14, issue 1–2, pp. 121–144, https://doi.org/10.1177/1032373208098555
Google Scholar
Noor Lela A., Ahmed H. (2017), The Acceptability and Impact of Sharia Foundation of Islamic Ethics in Accounting Education, “International Journal of Academic Research in Business and Social Sciences”, vol. 7, no. 2, pp. 494–506.
Google Scholar
Noor Lela A., Ahmed H., Wan Salmuni W. M. (2017), The Significance of Islamic Ethics to Quality Accounting Practice, “International Journal of Academic Research in Business and Social Sciences”, vol. 7, no. 10, pp. 693–703.
Google Scholar
Rahnema A. (1994), Islamic Economic Systems, Zed Books, New Jersey.
Google Scholar
Saadeh Y., Alsmady A., Warrad L. H., Idris M., Elrajabi M. R. (2016), The Accounting Profession between Religious and Professional Ethical Codes, “International Journal of Business and Social Science”, vol. 7, no. 10, pp. 35–43.
Google Scholar
Sari Wahyuni I., Fernando Y., Hasnita E. (2018), Role of islamic ethics towards ethical accounting practice, “Journal of Governance and Integrity”, vol. 2, no. 1, pp. 23–27, https://doi.org/10.15282/jgi.2.1.2018.5535
Google Scholar
Święty Koran. Tekst arabski i tłumaczenie polskie (1990), Islam International Publications Ltd., Islamabad.
Google Scholar
Downloads
Published
How to Cite
Issue
Section
