This study compares stakeholder and management perspectives on accountability practices in Malaysian Islamic Social Enterprises (ISEs). Two sets of questionnaires were used in the survey for this study. The first set was answered randomly by 100 ISE stakeholders, and the second set was answered...

Islamic banking is the system where all rules and regulations of the banking system are governed by Shariah rules, providing collective impartiality and fairness, while gratifying the financial requirements of the community and maintaining high principles of moral values, simplicity, and wisdom...

This paper aims to present comparison of conceptual frameworks issued by the Malaysian Accounting Standards Board (MASB) (fully converge to the standards issued by the International Accounting Standards Board) and the Accounting and Auditing Organization for Islamic Financial Institutions...

All dogs have fleas, therefore all dogs have legs with which to scratch. Similarly, any government committed to a generally open trade policy will be pestered for ‘import relief’ by one industry or another – usually on grounds that its situation is ‘exceptional.’ It follows that...

The European Union distinguishes itself in the world sugar market as the sole large exporter which also imports significantly. This position is a consequence of the strong protection offered to agricultural and industrial sugar sectors as well as to European ex-colonies, through agreements with...

We extend research on the effects of local audit practice office characteristics on audit quality by investigating whether audit offices in highly religious U.S. Metropolitan Statistical Areas (MSAs) exhibit going concern decisions that reflect heightened professional skepticism relative to...

Extending the existing literature on the impact of religiosity on human behavior, we argue that religiosity also has a significant impact on auditors' risk and trust behavior, which is reflected in lower audit fees. Higher religiosity values are expected to motivate auditors to provide higher...

This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit...

In Against the gods: the remarkable story of risk (1996), Peter L. Bernstein illustrates how the mastery of risk has driven modern Western society into converting 'the future from an enemy into an opportunity'. Far from being an antagonist, as the unpredictable whim of gods or mysterious fate,...

Internet resources, extended media coverage and international organizations' reports recently witness the increasing interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only channeled through the frame of corporate social...