What Scopus Metadata Says About 32 Years of Islamic Accounting
Abstract
The rapid expansion of Islamic banking's emergence in the early 1970s and the rapid expansion of Islamic transactions necessitated Islamic accounting, leading to increased scientific studies on Islamic accounting. In response to this interest, researchers began to concentrate on Islamic accounting. This research seeks to determine the evolution of Islamic accounting from 1990 to 2022. Using qualitative analysis of secondary data in the form of metadata from 508 Scopus-indexed papers, NVivo 12 Plus was used to process the data. The findings indicate that the number of publications on the evolution of Islamic accounting continues to rise. Islamic banks, finance, and management frequently follow Islamic accounting, with frequencies of 7.75 per cent, 3.30 per cent, and 2.97 per cent, respectively. This study also examines the relationship between accounting and auditing organizational governance for Islamic financial institutions (AAOIFI) and the performance of Islamic banks.
References
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Agbodjo, S., Toumi, K., & Hussainey, K. (2021). Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks. Journal of Applied Accounting Research, 22(1), 168–193. https://doi.org/10.1108/JAAR-05-2020-0090
Ahmed, H., Tajul Ariffin, F. A., Karbhari, Y., & Shafii, Z. (2019). Diverse accounting standards on disclosures of Islamic financial transactions: Prospects avnd challenges of narrowing gaps. Accounting, Auditing and Accountability Journal, 32(3), 866–896. https://doi.org/10.1108/AAAJ-10-2015-2266
Al-Sulaiti, J., Ousama, A. A., & Hamammi, H. (2018). The compliance of disclosure with AAOIFI financial accounting standards: A comparison between Bahrain and Qatar Islamic banks. Journal of Islamic Accounting and Business Research, 9(4), 549–566. https://doi.org/10.1108/JIABR-10-2017-0144
Altarawneh, G., & Lucas, M. (2012). Understanding the dominance of Western accounting and neglect of Islamic accounting in Islamic countries. Journal of Islamic Accounting and Business Research, 3(2), 99–120. https://doi.org/10.1108/17590811211265920
Amin, H., Rahman, A. R. A., & Ramayah, T. (2008). What makes undergraduate students enroll into an elective course? The case of Islamic accounting. International Journal of Islamic and Middle Eastern Finance and Management, 2(4), 289–304. https://doi.org/10.1108/mf.2008.00934jaa.001
Atmeh, M. A., & Maali, B. (2017). An accounting perspective on the use of combined contracts and donations in Islamic financial transactions. Journal of Islamic Accounting and Business Research, 8(1), 54–69. https://doi.org/10.1108/JIABR-07-2014-0024
Ben Abd El Afou, R. (2017). Knowledge of Islamic accounting among professionals: evidence from the Tunisian context. Journal of Islamic Accounting and Business Research, 8(3), 304–325. https://doi.org/10.1108/JIABR-03-2015-0008
Ebrahim, A., & Abdelfattah, T. (2021). The substance and form of Islamic Finance instruments: an accounting perspective. Journal of Islamic Accounting and Business Research, 12(6), 872–886. https://doi.org/10.1108/JIABR-10-2019-0200
Elamer, A. A., Ntim, C. G., Abdou, H. A., & Pyke, C. (2020). Sharia supervisory boards, governance structures and operational risk disclosures: Evidence from Islamic banks in MENA countries. Global Finance Journal, 46, 100488. https://doi.org/10.1016/j.gfj.2019.100488
Elgattani, T. (2020). The determinants of AAOIFI governance disclosure in Islamic banks. 18(1), 1–18. https://doi.org/10.1108/JFRA-03-2019-0040
Haniffa, R., & Hudaib, M. (2010). The two Ws of Islamic accounting research. Journal of Islamic Accounting and Business Research, 1(1), 5–9. https://doi.org/10.1108/17590811011033370
Hassan, M. K., Aliyu, S., Huda, M., & Rashid, M. (2019). A survey on Islamic Finance and accounting standards. Borsa Istanbul Review, 19, S1–S13. https://doi.org/10.1016/j.bir.2019.07.006
Hussainey, K., Agbodjo, S., & Toumi, K. (2021). Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks. Journal of Applied Accounting Research, 22(1), 168–193. https://doi.org/10.1108/JAAR-05-2020-0090
Kamla, R. (2009). Critical insights into contemporary Islamic accounting. Critical Perspectives on Accounting, 20(8), 921–932. https://doi.org/10.1016/j.cpa.2009.01.002
Karim, R. A. A. (2001). International accounting harmonization, banking regulation, and Islamic banks. International Journal of Accounting, 36(2), 169–193. https://doi.org/10.1016/s0020-7063(01)00093-0
Maali, B., Casson, P., & Napier, C. (2006). Social Reporting by Islamic Banks. ABACUS, 42(2). https://doi.org/10.1111/j.1468-4497.2006.00200.x
Maali, B., & Napier, C. (2010). Accounting, religion and organisational culture: the creation of Jordan Islamic Bank. Journal of Islamic Accounting and Business Research, 1(2), 92–113. https://doi.org/10.1108/17590811011086705
Marina, A., Wahjono, S. I., Sya’ban, M., & Zeni. (2019). Islamic accounting information system in hospital, an urgent desire. Humanities and Social Sciences Reviews, 7(3), 555–562. https://doi.org/10.18510/hssr.2019.7382
Mnif, Y., & Tahari, M. (2020). Corporate governance and compliance with AAOIFI governance standards by Islamic banks. International Journal of Islamic and Middle Eastren Finance and Management. https://doi.org/10.1108/IMEFM-03-2019-0123
Mohammed, N. F., Mohd Fahmi, F., & Ahmad, A. E. (2019). The need for Islamic accounting standards: the Malaysian Islamic financial institutions experience. Journal of Islamic Accounting and Business Research, 10(1), 115–133. https://doi.org/10.1108/JIABR-12-2015-0059
Mohammed Sarea, A., & Mohd Hanefah, M. (2013a). Adoption of AAOIFI accounting standards by Islamic banks of Bahrain. Journal of Financial Reporting and Accounting, 11(2), 131–142. https://doi.org/10.1108/jfra-07-2012-0031
Mohammed Sarea, A., & Mohd Hanefah, M. (2013b). The need of accounting standards for Islamic financial institutions: evidence from AAOIFI. Journal of Islamic Accounting and Business Research, 4(1), 64–76. https://doi.org/10.1108/17590811311314294
Muhammad, R., & Nugraheni, P. (2022). Sustainability of Islamic Banking Human Resources Through the Formulation of an Islamic Accounting Curriculum for Higher Education: Indonesian Perspective. SAGE Open, 12(1). https://doi.org/10.1177/21582440221079838
Napier, C. (2007). Other cultures , other accountings ? Islamic accounting from past to present. 5th Accounting History International Conference, 44(0), 9–11.
Napier, C. (2009). Defining Islamic accounting: Current issues, past roots. Accounting History, 14(1–2), 121–144. https://doi.org/10.1177/1032373208098555
Olson, D., & Zoubi, T. A. (2008). Using accounting ratios to distinguish between Islamic and conventional banks in the GCC region. International Journal of Accounting, 43(1), 45–65. https://doi.org/10.1016/j.intacc.2008.01.003
Pazmiño, R., Badillo, F., González, M. C., & García-Peñalvo, F. J. (2020). Ecuadorian Higher Education in COVID-19: A Sentiment Analysis. ACM International Conference Proceeding Series, March, 758–764. https://doi.org/10.1145/3434780.3436679
Rusydiana, A., Taqi, M., Firmansyah, I., Assalafiyah, A., & Kustiningsih, N. (2021). A Bibliometric Analysis of Islamic Accounting Research Indexed by DigitalCommons @ University of Nebraska - Lincoln A Bibliometric Analysis of Islamic Accounting Research Indexed by Dimensions . ai. January. https://www.researchgate.net/publication/348752296_A_Bibliometric_Analysis_of_Islamic_Accounting_Research_Indexed_by_Dimensionsai
Suandi, A. B. (2013). Islamic Accounting in Indonesia : A Review from Current Global Situation. Islamic Accounting In Indonesia, 241–264. http://eb-islam.wg.ugm.ac.id/images/pdf/ShogakuKenkyukaKiyo_77_Suandi.pdf
Sulub, S., Salleh, Z., & Hashim, H. A. (2018). A review of corporate governance and corporate social responsibility disclosure of Islamic banks : A call for additional transparency. Journal of Sustainability and Management, 4, 147–168.
Tessema, A. M., Garas, S., & Tee, K. (2017). The impact of Islamic accounting standards on information asymmetry: The case of Gulf Cooperation Council (GCC) member countries. International Journal of Islamic and Middle Eastern Finance and Management, 10(2), 170–185. https://doi.org/10.1108/IMEFM-09-2016-0129
Trokic, A. (2015). Islamic Accounting; History, Development and Prospects. European Journal of Islamic Finance, 3, 1–6.
Velayutham, S. (2014). “Conventional” accounting vs “Islamic” accounting: the debate revisited. Journal of Islamic Accounting and Business Research, 5(2), 126–141. https://doi.org/10.1108/JIABR-05-2012-0026
Vinnicombe, T. (2010). AAOIFI reporting standards: Measuring compliance. Advances in Accounting, 26(1), 55–65. https://doi.org/10.1016/j.adiac.2010.02.009
Vinnicombe, T. (2012). A study of compliance with AAOIFI accounting standards by Islamic banks in Bahrain. Journal of Islamic Accounting and Business Research, 3(2), 78–98. https://doi.org/10.1108/17590811211265902
Yani, N., Talib, A., Latiff, R. A., & Aman, A. (2020). An institutional perspective for research in waqf accounting and reporting A case study of Terengganu state Islamic Religious Council in Malaysia. 11(2), 400–427. https://doi.org/10.1108/JIABR-11-2016-0132
Zaleha Abdul Rasid, S., Rahim Abdul Rahman, A., & Khairuzzaman Wan Ismail, W. (2011). Management accounting systems in Islamic and conventional financial institutions in Malaysia. Journal of Islamic Accounting and Business Research, 2(2), 153–176. https://doi.org/10.1108/17590811111170557
Zamawe, F. C. (2015). The implication of using NVivo software in qualitative data analysis: Evidence-based reflections. Malawi Medical Journal, 27(1), 13–15. https://doi.org/10.4314/mmj.v27i1.4
Agbodjo, S., Toumi, K., & Hussainey, K. (2021). Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks. Journal of Applied Accounting Research, 22(1), 168–193. https://doi.org/10.1108/JAAR-05-2020-0090
Ahmed, H., Tajul Ariffin, F. A., Karbhari, Y., & Shafii, Z. (2019). Diverse accounting standards on disclosures of Islamic financial transactions: Prospects avnd challenges of narrowing gaps. Accounting, Auditing and Accountability Journal, 32(3), 866–896. https://doi.org/10.1108/AAAJ-10-2015-2266
Al-Sulaiti, J., Ousama, A. A., & Hamammi, H. (2018). The compliance of disclosure with AAOIFI financial accounting standards: A comparison between Bahrain and Qatar Islamic banks. Journal of Islamic Accounting and Business Research, 9(4), 549–566. https://doi.org/10.1108/JIABR-10-2017-0144
Altarawneh, G., & Lucas, M. (2012). Understanding the dominance of Western accounting and neglect of Islamic accounting in Islamic countries. Journal of Islamic Accounting and Business Research, 3(2), 99–120. https://doi.org/10.1108/17590811211265920
Amin, H., Rahman, A. R. A., & Ramayah, T. (2008). What makes undergraduate students enroll into an elective course? The case of Islamic accounting. International Journal of Islamic and Middle Eastern Finance and Management, 2(4), 289–304. https://doi.org/10.1108/mf.2008.00934jaa.001
Atmeh, M. A., & Maali, B. (2017). An accounting perspective on the use of combined contracts and donations in Islamic financial transactions. Journal of Islamic Accounting and Business Research, 8(1), 54–69. https://doi.org/10.1108/JIABR-07-2014-0024
Ben Abd El Afou, R. (2017). Knowledge of Islamic accounting among professionals: evidence from the Tunisian context. Journal of Islamic Accounting and Business Research, 8(3), 304–325. https://doi.org/10.1108/JIABR-03-2015-0008
Ebrahim, A., & Abdelfattah, T. (2021). The substance and form of Islamic Finance instruments: an accounting perspective. Journal of Islamic Accounting and Business Research, 12(6), 872–886. https://doi.org/10.1108/JIABR-10-2019-0200
Elamer, A. A., Ntim, C. G., Abdou, H. A., & Pyke, C. (2020). Sharia supervisory boards, governance structures and operational risk disclosures: Evidence from Islamic banks in MENA countries. Global Finance Journal, 46, 100488. https://doi.org/10.1016/j.gfj.2019.100488
Elgattani, T. (2020). The determinants of AAOIFI governance disclosure in Islamic banks. 18(1), 1–18. https://doi.org/10.1108/JFRA-03-2019-0040
Haniffa, R., & Hudaib, M. (2010). The two Ws of Islamic accounting research. Journal of Islamic Accounting and Business Research, 1(1), 5–9. https://doi.org/10.1108/17590811011033370
Hassan, M. K., Aliyu, S., Huda, M., & Rashid, M. (2019). A survey on Islamic Finance and accounting standards. Borsa Istanbul Review, 19, S1–S13. https://doi.org/10.1016/j.bir.2019.07.006
Hussainey, K., Agbodjo, S., & Toumi, K. (2021). Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks. Journal of Applied Accounting Research, 22(1), 168–193. https://doi.org/10.1108/JAAR-05-2020-0090
Kamla, R. (2009). Critical insights into contemporary Islamic accounting. Critical Perspectives on Accounting, 20(8), 921–932. https://doi.org/10.1016/j.cpa.2009.01.002
Karim, R. A. A. (2001). International accounting harmonization, banking regulation, and Islamic banks. International Journal of Accounting, 36(2), 169–193. https://doi.org/10.1016/s0020-7063(01)00093-0
Maali, B., Casson, P., & Napier, C. (2006). Social Reporting by Islamic Banks. ABACUS, 42(2). https://doi.org/10.1111/j.1468-4497.2006.00200.x
Maali, B., & Napier, C. (2010). Accounting, religion and organisational culture: the creation of Jordan Islamic Bank. Journal of Islamic Accounting and Business Research, 1(2), 92–113. https://doi.org/10.1108/17590811011086705
Marina, A., Wahjono, S. I., Sya’ban, M., & Zeni. (2019). Islamic accounting information system in hospital, an urgent desire. Humanities and Social Sciences Reviews, 7(3), 555–562. https://doi.org/10.18510/hssr.2019.7382
Mnif, Y., & Tahari, M. (2020). Corporate governance and compliance with AAOIFI governance standards by Islamic banks. International Journal of Islamic and Middle Eastren Finance and Management. https://doi.org/10.1108/IMEFM-03-2019-0123
Mohammed, N. F., Mohd Fahmi, F., & Ahmad, A. E. (2019). The need for Islamic accounting standards: the Malaysian Islamic financial institutions experience. Journal of Islamic Accounting and Business Research, 10(1), 115–133. https://doi.org/10.1108/JIABR-12-2015-0059
Mohammed Sarea, A., & Mohd Hanefah, M. (2013a). Adoption of AAOIFI accounting standards by Islamic banks of Bahrain. Journal of Financial Reporting and Accounting, 11(2), 131–142. https://doi.org/10.1108/jfra-07-2012-0031
Mohammed Sarea, A., & Mohd Hanefah, M. (2013b). The need of accounting standards for Islamic financial institutions: evidence from AAOIFI. Journal of Islamic Accounting and Business Research, 4(1), 64–76. https://doi.org/10.1108/17590811311314294
Muhammad, R., & Nugraheni, P. (2022). Sustainability of Islamic Banking Human Resources Through the Formulation of an Islamic Accounting Curriculum for Higher Education: Indonesian Perspective. SAGE Open, 12(1). https://doi.org/10.1177/21582440221079838
Napier, C. (2007). Other cultures , other accountings ? Islamic accounting from past to present. 5th Accounting History International Conference, 44(0), 9–11.
Napier, C. (2009). Defining Islamic accounting: Current issues, past roots. Accounting History, 14(1–2), 121–144. https://doi.org/10.1177/1032373208098555
Olson, D., & Zoubi, T. A. (2008). Using accounting ratios to distinguish between Islamic and conventional banks in the GCC region. International Journal of Accounting, 43(1), 45–65. https://doi.org/10.1016/j.intacc.2008.01.003
Pazmiño, R., Badillo, F., González, M. C., & García-Peñalvo, F. J. (2020). Ecuadorian Higher Education in COVID-19: A Sentiment Analysis. ACM International Conference Proceeding Series, March, 758–764. https://doi.org/10.1145/3434780.3436679
Rusydiana, A., Taqi, M., Firmansyah, I., Assalafiyah, A., & Kustiningsih, N. (2021). A Bibliometric Analysis of Islamic Accounting Research Indexed by DigitalCommons @ University of Nebraska - Lincoln A Bibliometric Analysis of Islamic Accounting Research Indexed by Dimensions . ai. January. https://www.researchgate.net/publication/348752296_A_Bibliometric_Analysis_of_Islamic_Accounting_Research_Indexed_by_Dimensionsai
Suandi, A. B. (2013). Islamic Accounting in Indonesia : A Review from Current Global Situation. Islamic Accounting In Indonesia, 241–264. http://eb-islam.wg.ugm.ac.id/images/pdf/ShogakuKenkyukaKiyo_77_Suandi.pdf
Sulub, S., Salleh, Z., & Hashim, H. A. (2018). A review of corporate governance and corporate social responsibility disclosure of Islamic banks : A call for additional transparency. Journal of Sustainability and Management, 4, 147–168.
Tessema, A. M., Garas, S., & Tee, K. (2017). The impact of Islamic accounting standards on information asymmetry: The case of Gulf Cooperation Council (GCC) member countries. International Journal of Islamic and Middle Eastern Finance and Management, 10(2), 170–185. https://doi.org/10.1108/IMEFM-09-2016-0129
Trokic, A. (2015). Islamic Accounting; History, Development and Prospects. European Journal of Islamic Finance, 3, 1–6.
Velayutham, S. (2014). “Conventional” accounting vs “Islamic” accounting: the debate revisited. Journal of Islamic Accounting and Business Research, 5(2), 126–141. https://doi.org/10.1108/JIABR-05-2012-0026
Vinnicombe, T. (2010). AAOIFI reporting standards: Measuring compliance. Advances in Accounting, 26(1), 55–65. https://doi.org/10.1016/j.adiac.2010.02.009
Vinnicombe, T. (2012). A study of compliance with AAOIFI accounting standards by Islamic banks in Bahrain. Journal of Islamic Accounting and Business Research, 3(2), 78–98. https://doi.org/10.1108/17590811211265902
Yani, N., Talib, A., Latiff, R. A., & Aman, A. (2020). An institutional perspective for research in waqf accounting and reporting A case study of Terengganu state Islamic Religious Council in Malaysia. 11(2), 400–427. https://doi.org/10.1108/JIABR-11-2016-0132
Zaleha Abdul Rasid, S., Rahim Abdul Rahman, A., & Khairuzzaman Wan Ismail, W. (2011). Management accounting systems in Islamic and conventional financial institutions in Malaysia. Journal of Islamic Accounting and Business Research, 2(2), 153–176. https://doi.org/10.1108/17590811111170557
Zamawe, F. C. (2015). The implication of using NVivo software in qualitative data analysis: Evidence-based reflections. Malawi Medical Journal, 27(1), 13–15. https://doi.org/10.4314/mmj.v27i1.4
Published
2022-07-20
How to Cite
Izza, N., & Rusydiana, A. (2022). What Scopus Metadata Says About 32 Years of Islamic Accounting. Annual International Conference on Islamic Economics and Business (AICIEB), 2(1), 323-338. https://doi.org/https://doi.org/10.18326/aicieb.v2i1.118
Section
ARTICLES
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