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Islamic Banking and Accounting

507331 - Islamic Banking and Accounting
Faculty

Faculty of Business

Department

International Accounting and Finance

Credit Hours

3

Pre-requisite

507211

Co-requisite

-

Distribution

3+0
This course introduces accounting and finance students to accounting fundamentals for financial institutions such as banks, companies, and insurance companies. This course also enables the candidate to understand the Islamic Banking operating system deeply. It is designed to introduce students to basic issues in Islamic Accounting, Accounting treatment for Islamic banking services including understanding the difference between conventional accounting and Islamic accounting, the features of the Islamic financial systems and the accounting of transactions, apply the concepts of uniformity and disclosure to financial statement preparation and analysis as perceived and stated by Sharia code, contemporary Islamic applications of financial market instruments.