ACC 439 : Accounting for Islamic banks

Department

Accounting Department

Academic Program

Bachelor in Accounting

Type

Compulsory

Credits

03

Prerequisite

ACC 337

Overview

-Introducing the student to the nature of Islamic banks and the accounting principles based on them.

- Introducing the student to the various forms of financing in Islamic banks and their accounting treatment.

Introducing the student to the financial statements of Islamic banks, and the basis for distributing profits therein.

- Introducing students to the risks that Islamic banks may be exposed to.

Intended learning outcomes

A / knowledge and understanding

- The student's knowledge of Islamic banks and the principles on which they are based.

- The student's knowledge of the different financing formulas in Islamic banks and their accounting treatment

- The student's knowledge of the financial statements of Islamic banks and the principles of profit distribution.

- The student's knowledge of the risks to which Islamic banks are exposed

B / mental skills

- The student's ability to conduct accounting treatments for Islamic financing formulas in banks

- The student's ability to prepare financial statements for Islamic banks

- The student's ability to distinguish between Islamic financial transactions and usurious transactions

- The student's ability to deal with the risks that Islamic banks are exposed to.

C / scientific and professional skills

- That the student understands the nature of the work of Islamic banks, and distinguishes the difference between them and commercial banks.

- That the student comprehends financing formulas and Islamic banking tools of employment.

The student should be able to prepare financial statements and the basis for profit distribution in Islamic banks.

That the student understand the risks to which Islamic banks are exposed.

D / general skills

- That the student has the ability to dialogue and discussion.

- The student should be able to communicate and communicate with others.

The student should be able to manage time.

The student should be able to work in a team.

Teaching and learning methods

Lectures, discussions, exercises, meals, research papers and exams

Methods of assessments

Sharing and solving exercises and preparing papers during lecturesMidterm exam first week sixthThe second midterm exam, the eleventh weekSixteenth week final exam

Scientific subject	Number of hours per	week
An introduction to Islamic banks and the principles upon which they are based	3	1
Sources of funds for Islamic banks	3	1
Accounting for financing formulas and Islamic banking employment tools	18	6
Financial statements of Islamic banks	6	2
Principles of profit distribution in Islamic banks	3	1
Risks to which Islamic banks are exposed	6	2

Accounting for financial companies (ACC 430)
Studies in accounting (ACC 530)
Accounting for Islamic banks (ACC 439)
international accounting (ACC 438)
Contracting projects accounting (ACC 437)
Revision2 (ACC 434)
Additional manufacturing cost measurement2 (ACC 433)
Review I (ACC 432)
accounting administration (ACC 431)
Public fund accounting (ACC 339)
Accounting for banks and insurance companies (ACC 337)
Oil accounting (ACC 336)
Analysis of financial statements (ACC338)
Additional manufacturing cost measurement1 (ACC 333)
Accounting for service projects (ACC 332)
Corporate Accounting (ACC 330)
Planing peincipals (PLA170)
Accounting Principles I (ACC 130)
Principles of Accounting II (ACC131)
Social responsibility accounting (ACC 436)
Accounting systems design (ACC 435)
Accounting departments and branches (ACC 331)
Intermediate Accounting 2 (ACC 231)
Tax accounting (ACC 335)