The Tazkia Islamic University College's Master Program in Islamic Accounting hosted a seminar on "Islamic Accounting Practices Across Countries" on Saturday, 15th Jun 2024, featuring a distinguished panel of speakers and reviewers. The event was moderated by Prof. Dr. Murniati Mukhlisin from Tazkia University, Indonesia, and featured Dr. Abdolaziz Mirani and Dr. Alireza Ramrouz from the Iranian Association of Islamic Finance as the main reviewers.

The seminar showcased four presentations covering diverse aspects of Islamic accounting in different countries. Inayah Auliannisa Jamaluddin explored the compliance levels of Egyptian Islamic banks with AAOIFI Sharia accounting standards. Della Sabrina Indah Putri presented on the evolution, impact, and socio-economic dynamics of Islamic accounting in Iranian economic development. Muhammad Ihsan discussed the implications and compliance of IFRS in Saudi banks, while Siti Solihatul Munfariha examined Islamic finance and accounting standards in the UK from a political perspective.

Dr. Abdolaziz Mirani and Dr. Alireza Ramrouz from the Iranian Association of Islamic Finance provided a comprehensive review of the presentations, highlighting the growing importance of Islamic accounting across various countries. They emphasized that Islamic accounting serves as an alternative to conventional accounting, grounded in Islamic principles and Sharia law. The reviewers outlined key concepts such as transparency, fairness, and accountability in Islamic accounting, and discussed its role in ensuring accurate financial reporting and fair wealth distribution.

The review also provided an overview of the status of Islamic accounting in several countries, including Iran, Malaysia, Bahrain, and the Gulf Cooperation Council (GCC) countries. It highlighted the efforts of various regulatory bodies in these regions to develop and implement Islamic accounting standards. The reviewers concluded by discussing potential future trends in Islamic accounting, including increased adoption, standardization efforts, digitalization, and integration with other disciplines. They stressed the importance of ongoing research, development of regulatory frameworks, and enhanced education and training in shaping the future of Islamic accounting.