The Islamic finance industry has witnessed an increasing interest in the FinTech wave. While progress has relatively been made in the areas of Robo-advisory, sandbox, payment system and investment, among others, the applications of these Islamic finance FinTech business models have been in...

Purpose The purpose of this paper is to examine the accounting treatment and reporting of a murabaha contract and its implication to the financial statements of Islamic banks. In addition, the paper also explains the implication of time value of money on the measurement of a murabaha contract...