Ussein Samhan, Hussein Samhan

Islamic Banking Accounting Series According to the Standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) (eBook, ePUB)

• Format: ePub

Produktbeschreibung

The sale of Murabaha is one of the legitimate forms of sale and a primary financing channel in Islamic banks-in fact, it is the most widely accepted structure among them. Although it is a controversial mode, Islamic banks favor it because it yields higher profits without more risk . To understand this structure-and why many believe it does not fulfill their genuine desire for truly halal transactions- in this section we will apply the provisions of the new Financial Accounting Standard No. (28) issued by AAOIFI to explain in detail everything related to accounting for "compound Murabaha" (Murabaha to the purchase orderer) and other deferred-payment sales in the seller's and buyer's books. We will then conclude the section with solved practical cases as well as exercises to help the reader practice what they have learned.

2-1 Deferred sale

2-2 Conditions for the validity of deferred sale

2-3 The concept of Murabaha:

2-4 Conditions for the validity of the Murabaha sale contract to the buyer:

2-5 Murabaha forms (compound Murabaha sale):

2-6 Practical procedures for Murabaha sales in Islamic banks:

2-7 Financial Accounting Standard No. (28): Murabaha and Other Deferred Sales

2-7-1 Accounting for Murabaha and other deferred sales in the seller's books

2-7-2 Takaful Fund (mutual insurance) in Islamic banks:

2-7-3 Murabaha and other deferred sales in the buyer's financial statements

2-8 Practical cases

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Produktdetails

• Verlag: Hussein Mohammad Samhan
• Erscheinungstermin: 17. Mai 2025
• Englisch
• ISBN-13: 9798231330492
• Artikelnr.: 74067303

Autorenporträt

Prof. Dr. Hussein Muhammad Hussein Samhan

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  Bachelor's degree: Accounting and Business Administration 1989, Master's degree 1995, and Doctorate degree 2006: Financial and banking sciences/Islamic banks
  
  
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  Former Dean of the Faculty of Economics and Administrative Sciences - Zarqa University .
  
  
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  Former Head of the Islamic Banking Department, Zarqa University
  
  
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  Professor of Islamic Banking in Jordanian Universities 2003-2021
  
  
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  An expert and consultant : Islamic finance and Islamic accounting, a trainer for many governmental and private agencies inside and outside Jordan, from 2007 until now.
  
  
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  Prepared a training material on Islamic accounting at the Islamic Development Bank Institute in Jeddah and the General Council for Islamic Financial Institutions in Bahrain. - Preparing the Certified Islamic Accountant (Professional certificate) from the General Council for Islamic Financial Institutions.
  
  
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  A former employee, assistant and branch manager, and member of the development committees at the Jordan Islamic Bank 1989-2003
  
  
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  Author of more than 14 books on finance, Islamic finance, and Islamic banking accounting.
  
  
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  Author of more than 30 research papers in the field of financial management, Islamic finance, Islamic banking, and Islamic accounting.
  
  
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  supervised many master's and doctoral theses in a number of universities inside and outside Jordan.
  
  
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  Link to my YouTube channel: https://www.youtube.com/@user-is4bk9rp7e/ Featured