Article
Islamic accounting: A fundamental element in the growing industry
Since its inception in the 1970s, the Islamic finance industry
continues to flourish into new horizons, the ethical-based
concept was founded to meet the demand of a select group
(yet a large population) of consumers and investors and is
now recognized as a leading global segment within the global
financial services industry. Islamic banking has driven much of
this growth, due to the advancement and enabling infrastructure
of the banking system, in addition to the collective efforts of
bankers and scholars.
