| _version_ |
1860797522577981440
|
| building |
INTELEK Repository
|
| collection |
Online Access
|
| collectionurl |
https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
|
| date |
2024-08-27 16:23:13
|
| format |
Restricted Document
|
| id |
13081
|
| institution |
UniSZA
|
| originalfilename |
7391-01-FH02-FESP-18-12854.pdf
|
| person |
liza azi
|
| recordtype |
oai_dc
|
| resourceurl |
https://intelek.unisza.edu.my/intelek/pages/view.php?ref=13081
|
| spelling |
13081 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=13081 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 24 1.7 liza azi Microsoft® Word 2016 2024-08-27 16:23:13 7391-01-FH02-FESP-18-12854.pdf UniSZA Private Access Integrated Waqf Reporting System International Journal of Accounting, Finance and Business Integrated reporting was introduced in 2013 by the International Integrated Reporting Council. However, to date, its implementation is still at a preliminary stage in most countries including Malaysia. The new method recommends the reporting of five additional business capitals in addition to the financial capital as currently reported under the conventional approach. These are manufactured capital, human capital, social capital, intellectual capital and natural capital. The current reporting mainly emphasizes on summarizing past financial performances. This conventional or rules-based framework, however, is inefficient to serve the reporting purpose for waqf administration whose perspective is future oriented, if not infinite. The system was designed for compliance purposes but lacking information on value creation. This research proposes a new proactive reporting system for waqf based on the Islamic accounting and the integrated reporting framework. The system stresses on aligning strategies with financial information and presents how governance, performance and business prospects together, generate value. The study contributes to the existing body of literature by summarizing the current practice for waqf reporting and comparing the conventional and the Islamic reporting. The study then discusses the proposed model, termed as Integrated Waqf Reporting System. This new system emphasizes on future activities in line with further promoting Islamic Social Responsibility and Islamic social financing. This reporting could provide additional value for improving the efficiency of waqf management and sustainability. 2 6 155-166
|
| spellingShingle |
Integrated Waqf Reporting System
|
| summary |
Integrated reporting was introduced in 2013 by the International Integrated Reporting Council. However, to date, its implementation is still at a preliminary stage in most countries including Malaysia. The new method recommends the reporting of five additional business capitals in addition to the financial capital as currently reported under the conventional approach. These are manufactured capital, human capital, social capital, intellectual capital and natural capital. The current reporting mainly emphasizes on summarizing past financial performances. This conventional or rules-based framework, however, is inefficient to serve the reporting purpose for waqf administration whose perspective is future oriented, if not infinite. The system was designed for compliance purposes but lacking information on value creation. This research proposes a new proactive reporting system for waqf based on the Islamic accounting and the integrated reporting framework. The system stresses on aligning strategies with financial information and presents how governance, performance and business prospects together, generate value. The study contributes to the existing body of literature by summarizing the current practice for waqf reporting and comparing the conventional and the Islamic reporting. The study then discusses the proposed model, termed as Integrated Waqf Reporting System. This new system emphasizes on future activities in line with further promoting Islamic Social Responsibility and Islamic social financing. This reporting could provide additional value for improving the efficiency of waqf management and sustainability.
|
| title |
Integrated Waqf Reporting System
|
| title_full |
Integrated Waqf Reporting System
|
| title_fullStr |
Integrated Waqf Reporting System
|
| title_full_unstemmed |
Integrated Waqf Reporting System
|
| title_short |
Integrated Waqf Reporting System
|
| title_sort |
integrated waqf reporting system
|