ACCOUNTING FROM A RELIGIOUS PERSPECTIVE: A CASE OF THE CENTRAL GOVERNMENT ACCOUNTING IN ISLAMIC REPUBLIC OF PAKISTAN
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 2
Abstract
Purpose¬ - The purpose of this paper is to describe and analyze the role of religion (Islam) in the development of accounting at the central government in Islamic Republic of Pakistan.Design/methodology/approach – It is an empirical paper that is situated within a social constructionist world view philosophical paradigm and that takes advantage of the descriptive and analytical characteristics of the qualitative case study. Islamic concepts, which are suggestive of Islamic accounting, constitute a theoretical framework for this study. Findings - The findings of the study indicate that the role of religion in the development of accounting in Pakistan is minimal or virtually non-existent. The current accounting system is deemed to be a result of the overall process of hybridization where many institutional and cultural factors may have played the major role in shaping accounting practices rather than the religion of Islam. Practical implications – There are cultural (excluding religion), as well as institutional factors, that are beyond the scope of this paper and that may have played a greater role in the (re)formation of the accounting practices as compared to religion. However, the dual nature of the concept of Islamic accounting - that is, (1) the accountability of government to fellow people (public) and (2) to Allah (God) - may play a wider role in the development of need-based accounting practices in central government accounting in Islam Republic of Pakistan. Originality/Value – This research is first in its nature to comprehend the role of religion (Islam) in the shaping the Government accounting practices in Pakistan. Hopefully, it has contributed to a better understanding of the concepts of Islamic accounting within a rather alien-empirical context, that is, Islamic Republic of Pakistan where constitutionally Islam is declared as a state religion.
Authors and Affiliations
Imtiaz Badshah| Bodø Graduate School of Business University of Nordland, Norway, Frode Mellemvik| Bodø Graduate School of Business University of Nordland, Norway, Konstantin Timoshenko| Bodø Graduate School of Business University of Nordland, Norway
Keywords
Related Articles
- EP ID EP1888
- DOI -
- Views 495
- Downloads 40
DOES TRADE WITH LABOUR SENDING COUNTRIES REDUCE DEMAND FOR MIGRANT WORKERS: A LESSON FROM MALAYSIA
This paper has three objectives. The first objective is to examine the long-run relationships among exports, imports, income and demand for migrant workers. This is followed by a causality test between these variables as...
THE TESTING OF HALL’S PERMANENT INCOME HYPOTHESIS: A CASE STUDY OF IRAN
The objective of this study is to test the Hall’s permanent income hypothesis for Iran using cointegration and error correction model from annual data covering the period of 1980-2010 using annual data from 1980 to 2010....
INSTITUTIONS AND ECONOMIC GROWTH
The objective of this paper is to study the effect of institutional factors on economic growth of a set of 37 developed and developing countries for six successive periods of five years, from 1975 until 2000, using a sta...
PUBLIC DEBT AND ECONOMIC GROWTH IN MALAYSIA
Public debt in the Malaysia increased because of fiscal expansions. This study examines whether public debt contributed to the economic growth in Malaysia over the period 1991 to 2013. It also examines whether other indi...
ASSESSMENT OF HERBAL EXTRACT INDUSTRY IN WEST AZERBAIJAN PROVINCE
The development of non-oil export and extension of industrial clusters have been always important policies in the economic development strategies of the country and are a part of resistance economy principles. So in the...