Document Details

Document Type : Thesis 
Document Title :
The Accounting Measurement Bases of Assalam Contracts from an Islamic Perspective: an Empirical Study on Saudi Banks
أسس القياس المحاسبي لعقود السلم من منظور اسلامي (دراسة ميدانية على المصارف السعودية)
 
Subject : Faculty of Economics and Management - Department of Accounting 
Document Language : Arabic 
Abstract : Investment within the framework of Islamic Shariah relies on a number of forms and religious transactions derived from the Holy Quran and Prophetic Sunna, alongside with consensus of Companions of the Prophet (Peace be upon him) and followers. Among these forms is assalam -selling contracts. It can be defined as the type of contracts in which payment is promptly made in advance while the product is to be postponed – to the benefit of providing finance necessary for manufactures and businessmen on Shariah basis, rather than borrowing with interest(s). From this point, importance of this study emerges as that assalam-selling contracts is considered among the vital forms featured by flexibility in application. In this forms, the bank derives benefit from the commodity with lesser price compared to the market price, in addition to be secured from price fluctuations. Also, the Client benefits from having free-interest finance. The study found, through questionnaire carried out on Saudi banks, that assalam -selling sale operations are not among the products provided by those banks. Therefore, this kind of study is required to investigate such type of sale in view of jurisprudence; and in order to infer the principles of accounting measurement. That would help banks if such type of sale is considered to be included in its future products. The study concluded that accountants and Shariah officers who are employed by the banks agree and support the application of most established principles and accounting measurements for assalam -selling operations as indicated in Islamic Jurisprudence and sources of Islamic Shariah . 
Supervisor : prof.dr.Saleh A.Alsaad 
Thesis Type : Master Thesis 
Publishing Year : 1434 AH
2013 AD 
Added Date : Monday, March 18, 2013 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
إيمان يسلم بن حويلBIN HUWAIL, EMAN YASLAMResearcherMaster 

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