Maqāṣid Al-sharīʿah comparison to the concept of accounting in the paradigm of religiosity
DOI:
https://doi.org/10.24191/jeeir.v12i2.2018Keywords:
Maqasid al-Shariah, Accounting, Religiosity, Islamic ethicsAbstract
The purpose of this study is to describe the comparison of Maqāṣid al-Sharīʿah with the concept of accounting in the religiosity paradigm. In this study, the authors used a qualitative methodology through a literature survey examining the normative aspects of Maqāṣid al-Sharīʿah related to accounting. This study analyses experts' minds whose main ideas have been scattered in some literature. Firstly, the concept of accounting is based on Maqāṣid al-Sharīʿah Hifz al-Dīn, where accounting is not only oriented to material elements but also has the responsibility of financial activities to God and religion. Secondly, the accounting concept based on Maqāṣid al-Sharīʿah Hifz al-Nālīs significantly develops offspring into family-oriented balance sheets in the context of the afterlife. Thirdly, the accounting concept based on Maqāṣid al-Sharīʿah Hifz al-Aql makes accounting pious, intellectual, and socially righteous. Fourth, the accounting concept based on Maqāṣid al-Sharīʿah Hifz al-Nafs is the process of elevating the family's status in terms of financial activities. Fifth, it is not only the welfare of certain groups; the accounting concept based on Maqāṣid al-Sharīʿah Hifz al-Māl prioritises social concerns and pays attention to economic development and human interest in creating wealth. Indeed, the Maqāṣid al-Sharīʿah paradigm emphasises social accountability, which prompts more future research in this area.
References
Abdulgani, R. (1964). Sosialisme Indonesia. Jajasan Prapantja.
Abdullah, H., Md Zain, F. A., Tajuddin, S. A. F. S. A., Mohammed Foziah, N. H., & Ishak, M. S. I. (2023). Developing employee motivation index: McClelland and Maqasid Shariah. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-07-2023-0235
Achsin, M. (2006). Menyingkap dampak positivisme terhadap esensi penciptaan manusia. TEMA, 7(1), 35-49. https://doi.org/10.18202/tema.v7i1.151
Alani, D. F. S. (2012). The role of islamic ethics in accounting environment. IOSR Journal of Business and Management, 2(1), 26–30. https://doi.org/10.9790/487x-0212630
Al-Qarḍāwī, Y. (2006). Dirasat Fi Fiqh Maqasid al-Syariah baina al-Maqasid a;-Kulliyah wa al-Nusus al-Juziyyah (p. 223). Dār al-Shuruq.
Alshbili, I., Elamer, A. A., & Beddewela, E. (2020). Ownership types, corporate governance and corporate social responsibility disclosures: Empirical evidence from a developing country. Accounting Research Journal, 33(1), 148–166. https://doi.org/10.1108/ARJ-03-2018-0060
Aman, A. (2020). Islamic marketing ethics for Islamic financial institutions. International Journal of Ethics and Systems, 36(1), 1–11. https://doi.org/10.1108/IJOES-12-2018-0182
Antonio, M. S., Laela, S. F., & Jazil, T. (2020). Abu Zahrah’s Maqasid Sharia Model as a Performance Measurement System. Jurnal Akuntansi Multiparadigma, 11(3), 519-541.
Aslam, E., & Haron, R. (2020). Does corporate governance affect the performance of Islamic banks? New insight into Islamic countries. Corporate Governance (Bingley), 20(6), 1073–1090. https://doi.org/10.1108/CG-11-2019-0350
Auda, J. (2007). Maqasid al-Sharìah as philosophy of islamic law.International Institute of Islamic Thought (IIT).
Chapra, M. U., Khan, S., & Al Shaikh-Ali, A. (2008). The Islamic vision of development in the light of maqasid al-Shariah (Vol. 15). Iiit.
Cordery, C. (2015). Accounting history and religion: A review of studies and a research agenda. Accounting History, 20(4), 430-463. https://doi.org/10.1177/1032373215610590
Fantazy, K., & Abdul Rahim A. Al Athmay, A. A. (2014). Ethics and religion in higher education: Evidence from United Arab Emirates universities. International Journal of Commerce and Management, 24(2), 180–196. https://doi.org/10.1108/IJCoMA-02-2014-0018
Grassa, R., Khlif, H., & Khelil, I. (2024). The development of Islamic accounting education in the UAE and its challenges: an institutional perspective. Journal of Financial Reporting and Accounting, 22(3), 527-545. https://doi.org/10.1108/JFRA-08-2021-0215
Hanif, M., Chaker, M., & Sabah, A. (2024). Islamic finance and economic growth: Global evidence. Digest of Middle East Studies, 33(1), 83-102. https://doi.org/10.1111/dome.12313
Haniffa, R., & Hudaib, M. (2010). Islamic finance: from sacred intentions to secular goals? Journal of Islamic Accounting and Business Research, 1(2), 85-91. https://doi.org/10.1108/17590811011086697
Harahap, S. S. (2013). Teori Akuntansi Rajawali Pers Jakarta.
Ibrahim, A. H., Rahman, N. N. A., Saifuddeen, S. M., & Baharuddin, M. (2019). Maqasid al-Shariah based Islamic bioethics: A comprehensive approach. Journal of Bioethical Inquiry, 16(3), 333-345. https://doi.org/10.1007/s11673-019-09902-8
International Accounting Standards Board (IASB). (2018). Conceptual Framework for Financial Reporting. https://www.iasplus.com/en/standards/other/framework-for-financial-reporting
Ishak, M. S. I., & Asni, F. (2020). The role of maqasid al-Shariʿah in applying fiqh muamalat into modern Islamic banking in Malaysia. Journal of Islamic Accounting and Business Research, 11(9), 2137-2154. https://doi.org/10.1108/JIABR-12-2019-0224
Kamali, M. H., Davis, E. F., Mir, M., Winter, T. J., Cornell, V. J., Langan, J. P., ... & Karcic, F. (2009). Justice and Rights: Christian and Muslim Perspectives. Georgetown University Press.
Kamayanti, A. (2012). Cinta: Tindakan berkesadaran akuntan (pendekatan dialogis dalam pendidikan akuntansi). Simposium Nasional Akuntansi XV.
Khan, F. (2010). How “Islamic” is Islamic Banking? Journal of Economic Behavior and Organization, 76(3), 805–820. https://doi.org/10.1016/j.jebo.2010.09.015
Ladewi, Y. (2014). The role of Islam values (ethics) in accounting practice and impact of accounting information quality: A library study. International Journal of Economics, Commerce and Management, 2(12), 1-12.
Lamido, A.A. (2016). Maqasid al-Shari’ah as a framework for economic development theorization. International Journal of Islamic Economics and Finance Studies, 2(1), 27-49.
Latif, Y., & Paripurna, N. (2012). Historisitas, rasionalitas dan aktualitas pancasila, Jakarta: PT. Gramedia Pustaka Utama.
Lewis, M. K. (2001). Feature article Islam and accounting. Accounting Forum, 25 No.25, 25.
Lewis, M. K. (2001). Islam and accounting. Accounting Forum, 25(2), 103–127. https://doi.org/10.1111/1467-6303.00058
Ludigdo, U. (2012). Memaknai etika profesi akuntan indonesia dengan pancasila. Pidato Pengukuhan Guru Besar (April), 1-70.
Mohammed, J. A. (2013). Handbook of the philosophical foundations of business ethics. The Ethical System in Islam - Implications for Business Practices, 1–1581. https://doi.org/10.1007/978-94-007-1494-6_3
Mohammed, N.F., Mohd Fahmi, F. & Ahmad, A.E. (2019), The need for Islamic accounting standards: the Malaysian Islamic financial institutions experience, Journal of Islamic Accounting and Business Research, 10(1), 115-133. https://doi.org/10.1108/JIABR-12-2015-0059
Mukhlisin, M. (2021). Level of Maqāsid ul-Shari’āh’s in financial reporting standards for Islamic financial institutions. Journal of Islamic Accounting and Business Research, 12(1), 60-77. https://doi.org/10.1108/JIABR-03-2020-0090
Mulawarman, A. D. (2008). Pendidikan akuntansi berbasis cinta: Lepas dari hegemoni korporasi menuju pendidikan yang memberdayakan dan konsepsi pembelajaran yang melampaui. EKUITAS (Jurnal Ekonomi dan Keuangan), 12(2), 142-158. https://doi.org/10.24034/j25485024.y2008.v12.i2.300
Mulawarman, A. D. (2014). Nyanyian metodologi akuntansi ala nataatmadja: melampaui derridian mengembangkan pemikiran bangsa “sendiri”. Jurnal Akuntansi Multiparadigma, 4(1), 149-164. http://dx.doi.org/10.18202/jamal.2013.04.7189
Napier, C. (2009). Defining Islamic accounting: Current issues, past roots. Accounting History, 14(1–2), 121–144. https://doi.org/10.1177/1032373208098555
Quran. Retrieved from https://quran.com/
Rahman, A. R. A., & Rahim, A. (2003). Accounting regulatory issues on investments in Islamic bonds. International Journal of Islamic Financial Services, 4(4), 1-11.
Rasli, A., Memon, S., & Abu-Hussin, M. F. (2022). Congruency between Maslow's Hierarchy of Needs Theory and the Principles of Maqasid Sharī ‘ah. Journal of Islamic Thought and Civilization, 12(2), 136-150. https://doi.org/10.32350/jitc.122.10
Rasool, M. S. A., Yusof, M. A. M., & Ali, S. M. (2020). Wellbeing of the society: A Maqasid al-Shari'ah approach. Afkar: Jurnal Akidah & Pemikiran Islam, 25-46. https://doi.org/10.22452/afkar.sp2020no1.2
Rifan, D., & Ningsih, N. (2019, November). Islamic Corporate Social Responsibility Towards Asset Optimization in Indonesia Sharia Commercial Banks. In The First International Conference on Islamic Development Studies 2019, ICIDS 2019, 10 September 2019, Bandar Lampung, Indonesia.
Rohman, P. S., Fianto, B. A., Shah, S. A. A., Kayani, U. N., Suprayogi, N., & Supriani, I. (2021). A review on literature of Islamic microfinance from 2010-2020: lesson for practitioners and future directions. Heliyon, 7(12).
Salin, A. S. A. P., Ab Manan, S. K., Kamaluddin, N., & Nawawi, A. (2017). The role of Islamic ethics to prevent corporate fraud. International Journal of Business and Society, 18(S1), 113-128.
Shinkafi, A.A. and Ali, N.A. (2017). Contemporary Islamic economic studies on maqasid Shari’ah: a systematic literature review. Humanomics, 33(3), 315-334. https://doi.org/10.1108/H-03-2017-004
Sitorus, T. (2017). The influence of asset and profitability toward share value: Mediation effect of liquid asset. Copernican Journal of Finance & Accounting, 6(4), 85-103. https://doi.org/10.12775/CJFA.2017.024
Sukoharsono, E. G. (2010). Metamorfosis akuntansi sosial dan lingkungan: Mengkonstruksi akuntansi sustainabilitas berdimensi spiritualitas. Pidato Pengukuhan Guru Besar FE Univ. Brawijaya.
Sukoharsono, E. G. (2012). Luca Pacioli’s response to accounting whereabout: An imaginary spiritual dialogue. Jurnal Akuntansi Multiparadigma, 3(3), 457-461. http://dx.doi.org/10.18202/jamal.2012.12.7174
Suseno, F. M. (2013). Dari Mao ke Marcuse: Percikan Filsafat Marxis Pasca-Lenin. Gramedia Pustaka Utama.
Syafi’ie, I. (2000). Konsep ilmu pengetahuan dalam Al-Qur’an. Yogyakarta: UII Pers.
Tarique, K. M., Islam, R., & Mohammed, M. O. (2021). Developing and validating the components of Maqasid al-Shari’ah-based performance measurement model for Islamic banks. International Journal of Islamic and Middle Eastern Finance and Management, 14(2), 366-390. https://doi.org/10.1108/IMEFM-12-2018-0432
Triyuwono, I. (2001). Metafora Zakat Dan Shari’Ah Enterprise Theory sebagai konsep dasar dalam membentuk akuntansi syari’ah. Jurnal Akuntansi Dan Auditing Indonesia, 5(2), 131–145.
Triyuwono, I. (2007). Mengangkat “sing liyan” untuk formulasi nilai tambah syari’ah. Simposium Nasional Akuntansi X Unhas, 26-28.
Triyuwono, I. (2011). Akuntansi syari'ah: Menuju puncak kesadaran ketuhanan Manunggaling Kawulo Gusti. Jurnal Akuntansi Multiparadigma, 2(2).
Wajdi Dusuki, A. (2008). Understanding the objectives of Islamic banking: a survey of stakeholders’ perspectives. International Journal of Islamic and Middle Eastern Finance and Management, 1(2), 132–148. https://doi.org/10.1108/17538390810880982
Zaid, O. A. (2004). Accounting systems and recording procedures in the early Islamic state. Accounting Historians Journal, 31(2), 149–170. https://doi.org/10.2308/0148-4184.31.2.149.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Nor Farizal Mohammed, Syahril, Faizul Abrori, Norazida Mohamad
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
