Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT)

Mohamad, Rahmawati and Hamdan, Hamdino and Annuar, Hairul Azlan and Abdul Rashid, Hafiz Majdi (2017) Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT). In: 4th International Conference on Management and Muamalah 2017 (ICoMM 2017), 7th-8th Nov. 2017, Putrajaya. (Unpublished)

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Abstract

This study seeks to investigate the disclosure of Shariah related information (SRI) in financial reporting practice of Islamic Cooperative (IC). This paper reports on a case study of three Baitul Maal wat Tamwil (BMT) based organizations that are IC. The financial statements of these organizations are analyzed using a self-constructed index consisting 54 items overall. This study uses annual reports from 2010 to 2013 because they were the most recent data available at the beginning of the study. It found that ICs in Indonesia has used ‘accounting standard for Islamic Financial Institutions’ as standard and there are aspects of Shariah-based disclosure practices for IC that are not adequately implemented in financial practices of IC. This study is expected to contribute to the improvement of ICs level of transparency and financial disclosure. This paper fulfills an identified need to study how Shariah principles can be incorporated into the financial reporting practices of IC that enhance financial disclosure in ICs.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	6883/60834
Uncontrolled Keywords:	Shariah related information (SRI), Islamic cooperative (IC), Baitul Maal Wat Tamwil (BMT)
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	dr hamdino hamdan
Date Deposited:	10 Jan 2018 10:58
Last Modified:	10 Jan 2018 10:58
URI:	http://irep.iium.edu.my/id/eprint/60834

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