The “Journal of Islamic Finance Accountancy” (JOIFA), the semi-annual double-blind peer-reviewed research journal was launched by AAOIFI last year. Alhamdolillah, its first (September, 2017) Issue has been published. Now, the process is underway for the March, 2018 Issue.
The JOIFA publishes academic papers on all areas of financial reporting in Islamic perspective, technical papers, country reports, interviews with experts and regulators in the related areas, updates relating implementation and adoption of Shariah and Accounting and Auditing standards, and allied case studies.
AAOIFI is pleased to solicit academic / research papers for the second Issue of the JOIFA, covering any of the areas of financial reporting in Islamic perspective, including but not limited to the following topics /areas:
1. IFRS, National Standards and Islamic Finance Principles: Bridging the Gaps in the light of AAOIFI’s Standards
2. Fair value concept and Islamic finance principles
3. Fair value accounting for Islamic financing: Benefits and issues
4. Islamic Law, Common Law and Accounting for Financing
5. Accounting for sake of stakeholders’ benefit; not for ‘earnings management’
6. Disclosure and transparency requirements for Islamic financial reporting
7. Islamic finance reporting and the impact of different depreciation approaches on various stakeholders
8. Developing /improving Islamic accounting standards in the light of issues in IFRS and standards already issues by AAOIFI
9. Accounting in Running Finance provided through the contract of Musharaka- Case study from Pakistan
10. Reforms in financial reporting for promoting Musharaka based financing
11. Comparing accounting for Musharaka with that of the limited partnerships of the west
12. Financial disclosures in accounting procedures for strengthening the Sharia governance
13. Accounting by Islamic fund managers and investment banking institutions
14. Accounting for Qard al Hasan in the light of IFRS and AAOIFI’s standards
15. Resolving the issues in accounting for various Islamic modes of financing
16. Accounting issues in various categories of Sukuk
17. Accounting for Sovereign and Corporate Ijarah Sukuk
18. Accounting for Shari’ah compliant (as per AAOIFI Standards) Forex transactions by the IFIs.
19. Accounting for various models of Takaful operations
20. Governance and performance reporting in Waqf institutions
21. Accounting for Ijarah finance compared with conventional leasing accounting
22. Accounting for various Musharaka based financing structures
23. Developing Islamic finance accounting for Good governance
24. Avoiding frauds and corruption in financial reporting; Need for Islamic ethics based approach
25. Fulfilling information needs of Shari’ah conscious stakeholders and the gaps in the existing frameworks of Islamic finance reporting – general and case studies of specific modes / jurisdictions
26. Impact of accounting approached on various stakeholders
The authors may write on the objectives, the approach and tools, issues of contention with regard to IFRS and necessary guideline for their adaptation for removing the contentious issues.
Experts may also prepare reviews and offer comments on AAOIFI’s new standards, and exposure drafts of standards in the pipeline, particularly Standard on Murabaha and Other Deferred Payment Sales and Shari’ah Standard on Gold.
|Last Date for Paper Submission:||10th Feb, 2018|
|Acceptance for peer reviews / rejection info||by 15th Feb, 2018|
|Reviewers’ comments to authors for revision||by 15th March, 2018|
|Submission of final version||by 25th March, 2018|
Early submissions encouraged; late submissions, however, could be considered for the next Issue(s) of the JOIFA
Articles: El-Gari, Mohamed Ali (2003); Credit Risk in Islamic Banking and Finance; Islamic Economic Studies; Vol. 10, No. 2, (2003); Pp. 1 – 23;
Books: Khan, A. R. (1993), Financial Intermediation, New York: Springer Publishers.
Standards / Reports: Issuing institution, Number, Title, year of publication, with clauses / sub clauses of the relevant Standards
Page references to works referred to in the text should take the following form: El-Gamal (2006:128).
The verses of the Holy Qur’ān quoted should carry S┴rah number and ãyah number as (2:275).
Complete reference to the source of A╒ādīth quoted should be given like: Muslim, ╗a╒┘╒, Kit┐b al shirkah ……
Till AAOIFI adopts any online submission system, papers may be sent as attachment to email to [email protected]
Authors are encouraged to contact the Editors in advance through [email protected] should there be any matters on which they require clarification or guidance.