Islamic Accounting and Finance: A Handbook (Transformations in Banking, Finance & Regulation)

Islamic finance is one of the fastest-growing sectors in international banking and finance. Owing to the increasing availability and ease of access to Islamic services, Islamic finance has become increasingly important not only in Muslim countries, but around the world, making it a global industry. Under the Gulf Cooperation Council (GCC) as well as in some regions, such as the Middle East and North Africa, a dual financial system is implemented, where Sharia-compliant products are marketed alongside conventional financial systems.

In this thoroughly researched collection of chapters, researchers from around the world examine the role of Islamic finance in the economies and prospects of different companies. They discuss Islamic finance literature from both theoretical and empirical perspectives. The theoretical section of the book consists of conceptual chapters that enable readers to critically evaluate and expand their understanding of accounting and finance. The chapters in the empirical section of this handbook discuss and interpret empirical evidence to provide clear implications for practice, research, and society. This section bridges the gap between theory and practice and offers suggestions for future research. Islamic Accounting and Finance is geared towards scholars and students, but it is also of use to banking and finance practitioners.

Khaled Hussainey is a Professor and Research Lead of Accounting and Financial Management at the Faculty of Business and Law, University of Portsmouth. He has over two and half decades of teaching and research experience at both undergraduate and postgraduate levels. He has a growing research reputation in the field of accounting and finance. He has been featured in the list of "World Ranking of Top 2% Researchers" in the 2021 database (Published: 19 October 2021) created by experts at Stanford University, USA. He has published about 150 articles in peer-reviewed journals and has written a number of book chapters and edited a textbook on corporate governance in emerging economies. He also won the best paper award from The British Accounting Review in 2007 and the Journal of Risk Finance in 2012. He has supervised more than sixty PhD scholars and has examined more than 120 PhD theses. He has received research grants from the Economic and Social Research Council (ESRC); the British Academy; and Qatar National Research Foundation (QNRF), Financial Reporting Council (FRC), Plymouth University, the University of Portsmouth and Abu Dhabi University. His research papers are published in top-ranked journals such as Accounting and Business Research, British Accounting Review, Journal of Accounting and Public Policy, International Review of Financial Analysis, Journal of International Accounting, Auditing and Taxation, Review of Quantitative Finance and Accounting, International Journal of Finance and Economics. He is the Co-Editor of the Journal of Financial Reporting and Accounting, and Journal of Contemporary Issues in Accounting. He is Associate Editor of the Journal of Applied Accounting Research, and International Journal of Accounting, Auditing and Performance Evaluation and International Journal of Emerging Markets, a Guest Editor for Journal of Risk and Financial Management and Green Finance.

Hidaya Al Lawati is an Assistant Professor and the Assistant Dean for Undergraduate Studies at the College of Economics and Political Science, Sultan Qaboos University, Oman. She has joined the university in 2007. In 2010, she has completed her Master's degree in Accounting at the University of New South Wales, Australia. She has granted her PhD degree in January 2021 from the University of Portsmouth, UK, under the supervision of Prof. Khaled Hussainey. The PhD thesis titled: Audit committee characteristics, financial reporting quality and corporate performance: The case of Oman. She has published a number of articles in various fields, such as corporate governance, financial and narrative reporting and tax avoidance.