Shariah and accounting principles for calculating the actual cost of lending services among Islamic banks

• Main Authors: Saleh, Abdulmajid Obaid Hasan, Al-Shaghdari, Fahd Al-Shaghdari, Tahani Ali Hakami, Tahani Ali Hakami
• Format: Conference or Workshop Item
• Language: English
• Published: Springer Cham 2022
• Subjects: BPH Islamic Economics; BPK36 Islamic law (General)
• Online Access: http://irep.iium.edu.my/98818/1/98818_Shariah%20and%20accounting%20principles.pdf; http://irep.iium.edu.my/98818/; https://link.springer.com/chapter/10.1007/978-3-03...

Shariah associations and bodies have permitted Islamic Banks to take the actual cost of lending, that’s was due to the permissibility of differentiating between the loan and the services accompanying its amortization, restriction and follow-up, as these proceedings are not included in the principal...