Reconstruction Of Islamic Accounting Theory: A Philosophical Approach Towards the Concepts of Value And Justice
DOI:
https://doi.org/10.70742/jmfar.v1i1.500Keywords:
Islamic accounting, Accounting Philosophy, Maqashid SyariahAbstract
This study aims to reconstruct Islamic accounting theory based on the principles of maqashid sharia through a philosophical approach that encompasses ontological, epistemological, and axiological dimensions. Using a conceptual-philosophical method, this study analyzes classical Islamic sources such as the works of Al-Ghazali and Ash-Syatibi, and integrates them with modern accounting theory. The results show that conventional accounting focuses too much on material gain and ignores moral and spiritual accountability, thus losing its ethical orientation. This study produces the Islamic Accounting Maqashid Framework (IAMF) as a conceptual model that places justice (al-‘adl) at the core of accounting practice. The IAMF integrates moral, social, and spiritual dimensions in financial reporting to ensure horizontal accountability to society and vertical accountability to Allah SWT. This framework offers a transformative paradigm for Islamic accounting and provides theoretical and practical implications for financial institutions, auditors, and educational institutions in strengthening ethical and spiritual awareness in accounting practice.
References
Agyemang, Gloria. 2024. “Let’s Have a Relook at Accountability.” The British Accounting Review 56(1):101262.
Ahmad, Khaliq, and Datuk Abdelaziz Berghout. 2025. “Islamic Finance and Sustainable Development.”
Alsaadi, Salam. 2025. “Unconditional Loyalty: The Survival of Minority-Dominated Regimes.”
Auda, Jasser. 2022. Re-Envisioning Islamic Scholarship: Maqasid Methodology as a New Approach. Claritas Books.
Billah, M. M., Rusni Hassan, R. Haron, R. Rosman, and A. N. Billah. 2024. Islamic Green Finance.
Cahya, Bayu Tri, Dita Apriliana Sari, Ratih Paramitasari, and Umi Hanifah. 2021. “Intellectual Capital, Islamicity Performance Index, Dan Kinerja Keuangan Bank Syariah Di Indonesia (Studi Pada Tahun 2015-2020).” AKTSAR: Jurnal Akuntansi Syariah 4(2):155.
Fuadi, Fauzan, Selly Puspita Sari, Sunarmi Sunarmi, Andi Mulyono, and Syriac Nellikunnel Devasia. 2025. “Corporate Social Responsibility in Islamic Bank: Review of One Decade of Research and Future Directions.” Journal of Islamic Accounting and Finance Research 7(2):145–68.
Harahap, Burhanudin, Tastaftiyan Risfandy, and Inas Nurfadia Futri. 2023. “Islamic Law, Islamic Finance, and Sustainable Development Goals: A Systematic Literature Review.” Sustainability 15(8):6626.
Hasanah, N., M. N. Sayuti, and ... 2024. “Optimalisasi Regulasi Perbankan Syariah Oleh Bank Indonesia Dan Otoritas Jasa Keuangan Dalam Akselerasi Transformasi Digital.” … Terapan Dan Keuangan. https://online-journal.unja.ac.id/mankeu/article/view/36621.
JINJIRI, SAIDU ABDULMUJIBU. 2024. “CORPORATE SOCIAL RESPONSIBILITY, ANTI-CORRUPTION, AND FINANCIAL PERFORMANCE BASED ON THE CAMELS FRAMEWORK BY THE NIGERIAN LISTED FINANCIAL INSTITUTIONS.”
Naxaki, Anastasia. n.d. “Biodiversity and Extinction Accounting: An Extinction Reporting Framework for Companies in Wind Energy Sector.”
Purba, Prince Wicaksono, and Noviaty Kresna Darmasetiawan. 2023. “The Influence Of Quality Of Work-Life And Staying Intention Through Job Satisfaction On Milenial Workers In The Banking Sector In Surabaya.” Jurnal Ekonomi 10(2):1524–31.
Sulistiani, Dwi. 2024. “The Concept of Amanah Metaphor in Accounting: Meaning, Guidelines, and Purposes.” Jurnal Akuntansi: Kajian Ilmiah Akuntansi 11(2):286–300.
Ubaidillah, H., Nurul Widyawati Islami Rahayu, S. Sos, M. E. I. Mahmudah, H. Fauzan, S. E. Mutmainnah, M. ME, M. E. SE, Pongky Arie Wijaya, and Dr M. F. MM. n.d. “Islamic Banking Book Series September 2025/Rabiulawal 1447 H.”
Younes, Mohamad. 2017. “Islamic Ethics in Australian Muslim Everyday Life: A Shi’ite Perspective.”
