Analysis of the true and fair view concept: an Islamic perspective
The aim of this paper is to critically examine the applicability of the concept of ‘True and Fair View’ (TFV) from an Islamic perspective. It then explores the position and roles of TFV in the Islamic accounting context. The sources of data consist of the shari’ah fundamentals from the Islamic le...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Inderscience Enterprises Ltd
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/41509/ http://irep.iium.edu.my/41509/1/IJMFA70103_Salihin_et_al.pdf |
| _version_ | 1848782134406283264 |
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| author | Salihin, Abang Abdul Hamid, Fatima Abdulrahman Anam , Ousama |
| author_facet | Salihin, Abang Abdul Hamid, Fatima Abdulrahman Anam , Ousama |
| author_sort | Salihin, Abang |
| building | IIUM Repository |
| collection | Online Access |
| description | The aim of this paper is to critically examine the applicability of the
concept of ‘True and Fair View’ (TFV) from an Islamic perspective. It then
explores the position and roles of TFV in the Islamic accounting context. The
sources of data consist of the shari’ah fundamentals from the Islamic legal
sources, in addition to relevant accounting standards and regulations. The paper
found that the TFV concept is not contrary to Islamic shari’ah and that TFV
plays certain roles in Islamic accounting. Thus, the paper suggests that the
Islamic standard setters retain the term as it is not against Islamic shari’ah and
it will help avoid confusion among users of financial statements. With this, the
TFV concept should continue to be used in Islamic accounting until a more
appropriate phrase is coined. The paper can be considered among the first
papers that analyse the TFV concept from an Islamic perspective. |
| first_indexed | 2025-11-14T16:00:38Z |
| format | Article |
| id | iium-41509 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:00:38Z |
| publishDate | 2015 |
| publisher | Inderscience Enterprises Ltd |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-415092018-05-21T06:29:55Z http://irep.iium.edu.my/41509/ Analysis of the true and fair view concept: an Islamic perspective Salihin, Abang Abdul Hamid, Fatima Abdulrahman Anam , Ousama HF5601 Accounting. Bookkeeping The aim of this paper is to critically examine the applicability of the concept of ‘True and Fair View’ (TFV) from an Islamic perspective. It then explores the position and roles of TFV in the Islamic accounting context. The sources of data consist of the shari’ah fundamentals from the Islamic legal sources, in addition to relevant accounting standards and regulations. The paper found that the TFV concept is not contrary to Islamic shari’ah and that TFV plays certain roles in Islamic accounting. Thus, the paper suggests that the Islamic standard setters retain the term as it is not against Islamic shari’ah and it will help avoid confusion among users of financial statements. With this, the TFV concept should continue to be used in Islamic accounting until a more appropriate phrase is coined. The paper can be considered among the first papers that analyse the TFV concept from an Islamic perspective. Inderscience Enterprises Ltd 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41509/1/IJMFA70103_Salihin_et_al.pdf Salihin, Abang and Abdul Hamid, Fatima and Abdulrahman Anam , Ousama (2015) Analysis of the true and fair view concept: an Islamic perspective. International Journal of Managerial and Financial Accounting , 7 (1). pp. 38-61. ISSN 1753-6715 http://www.inderscience.com/jhome.php?jcode=ijmfa |
| spellingShingle | HF5601 Accounting. Bookkeeping Salihin, Abang Abdul Hamid, Fatima Abdulrahman Anam , Ousama Analysis of the true and fair view concept: an Islamic perspective |
| title | Analysis of the true and fair view concept: an Islamic perspective |
| title_full | Analysis of the true and fair view concept: an Islamic perspective |
| title_fullStr | Analysis of the true and fair view concept: an Islamic perspective |
| title_full_unstemmed | Analysis of the true and fair view concept: an Islamic perspective |
| title_short | Analysis of the true and fair view concept: an Islamic perspective |
| title_sort | analysis of the true and fair view concept: an islamic perspective |
| topic | HF5601 Accounting. Bookkeeping |
| url | http://irep.iium.edu.my/41509/ http://irep.iium.edu.my/41509/ http://irep.iium.edu.my/41509/1/IJMFA70103_Salihin_et_al.pdf |