Enhancing Management Accounting Practice through Islamic Values: A Case Study of a Malaysian Islamic Bank.

  • Mohd Haniff Zainuldin Universiti Teknologi MARA
  • Ibrahim Kamal Abdul Rahman Universiti Teknologi MARA
  • Mohd Nizal Haniff Universiti Teknologi MARA

Abstract

This is a concept paper discussing how certain Islamic principles are infused into the overall management accounting practices of an Islamic Bank which was incorporated in Malaysia. The Bank has successfully integrated these principles in its management system and in turn has created a unique approach to management accounting practices for an Islamic Financial Institution (IFI). This approach earned the Bank, the prestigious National Award for Management Accounting (NAfMA) in 2008 for the best practice solutions award category in recognition of the Bank’s effective applications of management accounting system and tools that has had a positive impact of daily practice. This paper discusses the strategies employed by the Bank and its application of Islamic values.
Published
Dec 30, 2013
How to Cite
ZAINULDIN, Mohd Haniff; ABDUL RAHMAN, Ibrahim Kamal; HANIFF, Mohd Nizal. Enhancing Management Accounting Practice through Islamic Values: A Case Study of a Malaysian Islamic Bank.. Asia-Pacific Management Accounting Journal, [S.l.], v. 8, n. 2, p. 63-88, dec. 2013. ISSN 2550-1631. Available at: <http://arionline.uitm.edu.my/ojs/index.php/APMAJ/article/view/39>. Date accessed: 13 aug. 2022.