Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT)
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...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
Kolej Universiti Islam Selangor (KUIS)
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/60834/ http://irep.iium.edu.my/60834/1/Shariah%20Related%20Information%20BMT.pdf |
| _version_ | 1848785558014263296 |
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| author | Mohamad, Rahmawati Hamdan, Hamdino Annuar, Hairul Azlan Abdul Rashid, Hafiz Majdi |
| author_facet | Mohamad, Rahmawati Hamdan, Hamdino Annuar, Hairul Azlan Abdul Rashid, Hafiz Majdi |
| author_sort | Mohamad, Rahmawati |
| building | IIUM Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T16:55:03Z |
| format | Proceeding Paper |
| id | iium-60834 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:55:03Z |
| publishDate | 2017 |
| publisher | Kolej Universiti Islam Selangor (KUIS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-608342018-01-10T02:58:09Z http://irep.iium.edu.my/60834/ Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) Mohamad, Rahmawati Hamdan, Hamdino Annuar, Hairul Azlan Abdul Rashid, Hafiz Majdi HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance. 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. Kolej Universiti Islam Selangor (KUIS) 2017-11-07 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/60834/1/Shariah%20Related%20Information%20BMT.pdf 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) http://conference.kuis.edu.my/icomm/4th/ |
| spellingShingle | HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance. Mohamad, Rahmawati Hamdan, Hamdino Annuar, Hairul Azlan Abdul Rashid, Hafiz Majdi Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) |
| title | Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) |
| title_full | Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) |
| title_fullStr | Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) |
| title_full_unstemmed | Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) |
| title_short | Disclosure of Shariah related information in Islamic cooperatives: a case study on Baitul Maal Wat Tamwil (BMT) |
| title_sort | disclosure of shariah related information in islamic cooperatives: a case study on baitul maal wat tamwil (bmt) |
| topic | HG3368 Islamic Banking and Finance HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/60834/ http://irep.iium.edu.my/60834/ http://irep.iium.edu.my/60834/1/Shariah%20Related%20Information%20BMT.pdf |