Accounting In Islam

Dear people,

How are you doing I hope everything all right. I am an student from UAEU and I

am working during these days on a project that discuss Islamic Accounting and

Finance. I need your help to finish my work. I got a short survey for you people

specially those who study/work in business economic field.

 Could kindly go through it ??? and believe me it is going to take only few minutes.

I appreciate your help and Good Luck for you

Here is the link for survey.

http://www.surveymonkey.com/s.aspx?sm=MHF2p_2foLUz2GegkqHtfSoA_3d_3d

Thanks very much for those who did the survey !1

The students of accountancy of nowadays learn that the rules accountancy were founded and created by Italians in 1400s, and that is not 100% true.

There is an arabic educated (that I forget his name) established some from the most important of accounting standard in 1100s.

infortunately, I forgot from where I read that, but I will try to check again my books, I may find this information.

Good luck.

Well,

if U mean Islamic Economic

its standards is developed by AAOOFI

I said, accounting standards, not economic. 

The man of the person who wrote about accounting from 1100s is (قدامة بن جعفر) (Qudamah ibn Ja'far), who talked about bookkeeping and its standards, and that was 400 years before the Italian called Pacioli, who wrote the famous book in 1494 (Arithmetica ، Geometria ، Proportioni Proportionalita). 

So, Pacioli was not the first, but the modern. 

Those few links may help you in your research.  

Defining Islamic accounting: current issues, past roots

http://ach.sagepub.com/cgi/content/abstract/14/1-2/121  

Defining Islamic Accounting

http://www.scribd.com/doc/13587324/Defining-Islamic-Accounting 

In the twelfth century AD, the Arab writer, Ibn Taymiyyah, mentioned in his book Hisba (literally, "verification" or "calculation") detailed accounting systems used by Muslims as early as in the mid-seventh century AD These accounting practices were influenced by the Roman and the Persian civilizations that Muslims interacted with.