Affection of Estimated Depreciation Rate on Decreased Sharing Machine Contract in Islamic Banks.
Journal Title: International Journal of Financial Economics - Year 2015, Vol 4, Issue 4
Abstract
This study is one of very few studies which have investigated affection of estimated depreciation rates on decreased sharing machine contract. As result to study, there are many expecting depreciation rates for same machine by Auditing Organization for Islamic Financial Institutions (AAOIFI), International Financial Reporting standards (IFRS), Islamic accounting theoretically studies and the tax system in some countries which affects on Zakat amount, financial index and economic index. Practically, shareholders are the major affected by unfair value. Searcher recommended to apply replacement asset market price with experts because it is the real value which reflect inflation affection and equilibrium between supply and demand but its demand to apply needs market price up to real producing demand to avoid affection of bad speculation. Real value will show real rights value and real duties value.
Authors and Affiliations
Anochie Uzoma C. , Ude Damian Kalu
Keywords
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- EP ID EP27309
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