The Evolution of Sharia Accounting Principles in Islamic Civilization: A Historical and Epistemological Review with Contemporary Implications

Faizah Dani Pragita

doi:10.37304/jied.v1i1.23361

Penulis

Faizah Dani Pragita Universitas Islam Sultan Agung Semarang, Indonesia

DOI:

https://doi.org/10.37304/jied.v1i1.23361

Kata Kunci:

Accounting, Islamic Civilization, Maqasid al-Shariah

Abstrak

Islamic accounting is frequently perceived as a modern modification of Western accounting, despite substantial historical evidence that its foundations emerged organically within early Islamic civilization. This study addresses the broader question of how Islamic accounting evolved as both a financial and ethical institution and how it can respond to contemporary global challenges. The purpose of this research is to examine the historical development of Islamic accounting, identify its epistemological challenges in the modern era, and evaluate its potential contribution to ethical finance and sustainability. Using a qualitative design, the study employs historical analysis, hermeneutic interpretation, and discourse analysis. Data consist of classical Islamic administrative records, fiqh texts, hisbah manuals, modern standards such as AAOIFI and PSAK Syariah, and contemporary scholarly articles. Data collection followed purposive sampling of relevant documents, while analysis involved thematic coding and cross-textual comparison. Results show that accounting practices were institutionalized as early as the Prophet Muhammad’s era, strengthened under the Khulafā’ al-Rāshidīn—especially through the Bayt al-Māl—and formalized during the Abbasid period through market regulation and ethical oversight. Contemporary findings reveal that Islamic accounting still relies heavily on Western frameworks, faces challenges from digital finance, and struggles to embed Islamic ethical objectives fully. The implications suggest that Islamic accounting can support global agendas such as ESG and sustainable development by operationalizing maqasid al-shariah in reporting systems. In conclusion, the study highlights the need for epistemological reconstruction, digital Sharia governance, and deeper sustainability integration, offering clear directions for future research and policy development.

Akuntansi syariah sering dianggap sebagai modifikasi modern dari akuntansi Barat, meskipun terdapat bukti sejarah yang kuat bahwa fondasinya muncul secara organik dalam peradaban Islam awal. Penelitian ini menjawab pertanyaan yang lebih luas tentang bagaimana akuntansi syariah berevolusi baik sebagai institusi keuangan maupun etika dan bagaimana akuntansi syariah dapat menjawab tantangan global kontemporer. Tujuan dari penelitian ini adalah untuk mengkaji perkembangan historis akuntansi syariah, mengidentifikasi tantangan epistemologisnya di era modern, dan mengevaluasi potensi kontribusinya terhadap keuangan dan keberlanjutan yang beretika. Dengan menggunakan desain kualitatif, penelitian ini menggunakan analisis historis, interpretasi hermeneutik, dan analisis wacana. Data terdiri dari catatan administrasi Islam klasik, teks fikih, manual hisbah, standar modern seperti AAOIFI dan PSAK Syariah, dan artikel ilmiah kontemporer. Pengumpulan data dilakukan dengan cara purposive sampling terhadap dokumen-dokumen yang relevan, sementara analisis dilakukan dengan cara pengkodean tematik dan perbandingan lintas teks. Hasil penelitian menunjukkan bahwa praktik akuntansi telah dilembagakan sejak era Nabi Muhammad, diperkuat di bawah Khulafā' al-Rāsyidīn-terutama melalui Baitul Mal-dan diformalkan pada masa Abbasiyah melalui regulasi pasar dan pengawasan etika. Temuan kontemporer mengungkapkan bahwa akuntansi syariah masih sangat bergantung pada kerangka kerja Barat, menghadapi tantangan dari keuangan digital, dan berjuang untuk menanamkan tujuan etika Islam sepenuhnya. Implikasinya menunjukkan bahwa akuntansi syariah dapat mendukung agenda global seperti ESG dan pembangunan berkelanjutan dengan mengoperasionalkan maqasid al-syariah dalam sistem pelaporan. Sebagai kesimpulan, penelitian ini menyoroti perlunya rekonstruksi epistemologis, tata kelola Syariah digital, dan integrasi keberlanjutan yang lebih dalam, yang menawarkan arahan yang jelas untuk penelitian dan pengembangan kebijakan di masa depan.

Unduhan

Data unduhan belum tersedia.

##doi.editor.displayName##: 10.37304/jied.v1i1.23361 DOI URL: https://doi.org/10.37304/jied.v1i1.23361

Lihat: 63 | ##article.downloads##: 10

Referensi

AAOIFI. (2019). Accounting, auditing and governance standards for Islamic financial institutions (6th ed.). Manama, Bahrain: Accounting and Auditing Organization for Islamic Financial Institutions.

Adnan, M. A., & Gaffikin, M. The Shari’ah, Islamic banks and accounting concepts and practices. In Accounting, Commerce and Finance: the Islamic Perspective International Conference, University of Western Sydney, Macarthur.

Adyaputri, E., & Surawan, S. (2025). Transaksi Digital Paylater Terhadap Perilaku Konsumtif Generasi Z Pada Mahasiswa IAIN Palangka Raya. Educatia: Jurnal Pendidikan dan Agama Islam, 15(1), 61-75. https://doi.org/10.69879/jq7mdh93

Alamad, S. (2025). Conceptualising accounting as a value-based concept in the context of alternative finance. Journal of Accounting Literature, 47(2), 378-403. https://doi.org/10.1108/JAL-03-2023-0042

Aleraig, M. A., & Asutay, M. (2023). The Impact of Islamic Worldview on Shaping the Accounting System: An Islamic Moral Economy and Historical Exploration in Rationalizing Islamic Accounting. In Islamic Accounting and Finance: A Handbook (pp. 43-97).

Al Mawardi, A. (1996). Al Aḥkām al Sultāniyyah [The Ordinances of Government] (ʿAbd al Salām Muḥammad Hārūn, Ed.). Beirut, Lebanon: Dār al-Kutub al-ʿIlmīyah.

Al-Shuqairat, H. R., Al-Maani, A.-A. R. M., & Aldajah, M. N. (2025). Islamic Historiography and Modernity: A Systematic Literature Review on the Evolution of Muslim Societies in the Postcolonial Era. Journal of Islamic Thought and Civilization, 15(1), 240-260. https://doi.org/10.32350/jitc.151.14

Asutay, M. (2007). A political economy approach to Islamic economics: Systemic understanding for an alternative economic system. International Journal of Islamic and Middle Eastern Finance and Management, 1(2), 132–148. https://doi.org/10.1108/17538390710748568

Asutay, M. (2012). Conceptualising and locating the social failure of Islamic finance: Aspirations of Islamic moral economy vs the realities of Islamic finance. Asian and African area studies, 11(2), 93-113. https://doi.org/10.14956/asafas.11.93

Asutay, M. (2012). Conceptualising the social failure of Islamic finance: Towards a new paradigm. Humanomics, 28(3), 177–193. https://doi.org/10.1108/08288661211265335

Auda, J. (2022). Re-envisioning Islamic scholarship: Maqasid methodology as a new approach. Claritas Books.

Baydoun, N., & Willett, R. (2000). Islamic corporate reports. Abacus, 36(1). https://doi.org/10.1111/1467-6281.00054

Bowen, G. A. (2009). Document analysis as a qualitative research method. Qualitative research journal, 9(2), 27-40. https://doi.org/10.3316/QRJ0902027

Calder, R. (2020). Sharīʿah-compliant or Sharīʿah-based? The changing ethical discourse of Islamic finance. Arab Law Quarterly, 35(1-2), 50-73. https://doi.org/10.1163/15730255-BJA10008

Chapra, M. U. (2008). Islam and economic development. Harvard University

Cizakca, M. (2011). Islamic Capitalism and Finance: Origins, Evolution and the Future. Edinburgh: Edinburgh University Press.

Creswell, J. W., & Poth, C. N. (2016). Qualitative inquiry and research design: Choosing among five approaches. Sage publications.

Denzin, N. K. (2018). The qualitative manifesto: A call to arms. Routledge.

Dusuki, A. W. (2008). Banking for the poor: the role of Islamic banking in microfinance initiatives. Humanomics, 24(1), 49-66. https://doi.org/10.1108/08288660810851469

Dusuki, A. W., & Abdullah, N. I. (2007). Maqasid al-Shariah, Maslahah, and corporate social responsibility. American Journal of Islamic Social Sciences, 24(1), 25. https://doi.org/10.1108/17538390710748568

El Gamal, M. A. (2006). Islamic Finance: Law, Economics, and Practice. Cambridge: Cambridge University Press.

Fairclough, N. (2013). Critical discourse analysis: The critical study of language. Routledge.

Gadamer, H. G. (2004). Il problema della coscienza storica. Guida Editori.

Ghazanfar, S. M., & Islahi, A. A. (1997). Economic thought of al-Ghazali. Jeddah: Scientific Publisihing Centre King Abdulaziz Univesity.

Guba, E. G., & Lincoln, Y. S. (1994). Competing paradigms in qualitative research. Handbook of qualitative research, 2(163-194), 105.

Hameed, S. (2000). The need for Islamic Accounting: Perception of its objectives and characteristics by Malaysia accountants and academics. Unpublished Ph. D. thesis. United Kingdom: University of Dundee.

Haneef, M. A. (2005). Can there be an economics based on religion? The case of Islamic economics. Post-Autistic Economics Review, 34(3), 41-52.

Haneef, M. A., & Furqani, H. (2013). Methodology Of Islamic Economics: Overview of Present State and Future Direction. International Journal of Economics, Management and Accounting, 19(1). https://doi.org/10.31436/ijema.v19i1.175

Haniffa, R. M., & Cooke, T. E. (2002). Culture, corporate governance and disclosure in Malaysian corporations. Abacus, 38(3), 317-349. https://doi.org/10.1111/1467-6281.00112

Haniffa, R., & Hudaib, M. (2001, February). A conceptual framework for Islamic accounting: The Shari’a paradigm. In Accounting, Commerce and Finance: The Islamic Perspective International Conference IV, New Zealand (pp. 12-14).

Haniffa, R., & Hudaib, M. (2007). Exploring the ethical identity of Islamic banks via communication in annual reports. Journal of Business Ethics, 76(1), 97–116. https://doi.org/10.1007/s10551-006-9295-5

Hassan, M. K., & Raza Rabbani, M. (2023). Sharia governance standards and the role of AAOIFI: a comprehensive literature review and future research agenda. Journal of Islamic Accounting and Business Research, 14(5), 677-698. https://doi.org/10.1108/JIABR-04-2022-0111

Hidayat, S. E., Musari, K., Masrohatin, S., & Smolo, E. (2024). The Future of Islamic Finance. In The Future of Islamic Finance (pp. 221-242). Emerald Publishing Limited. https://doi.org/10.1108/978-1-83549-906-120241014

Hopwood, A. G. (1987). The archeology of accounting systems. Accounting, organizations and society, 12(3), 207-234. https://doi.org/10.1016/0361-3682(87)90038-9

Hopwood, A. G. (1994). Accounting and everyday life: an introduction. Accounting, Organizations and Society, 19(3), 299-301. https://doi.org/10.1016/0361-3682(94)90037-X

Hopwood, A. G., & Miller, P. (Eds.). (1994). Accounting as social and institutional practice (Vol. 24). Cambridge University Press.

Howell, M., & Prevenier, W. (2001). From Reliable Sources: An Introduction to Historical Methods (2nd ed.). Ithaca, NY: Cornell University Press.

Huda, N., & Abdullah, N. (2014). The spiritual dimension of Islamic accountability: The role of ḥisbah. Journal of Islamic Accounting and Business Research, 5(3), 210–227. https://doi.org/10.1108/JIABR-11-2012-0062

Hudaib, M. A. (2025). The Raid of Neoliberalism on Accounting Standard Setting of Indonesian Islamic Financial Institutions. Journal of Economic Cooperation & Development, 46(2).

Hussainey, K., & Al Lawati, H. (Eds.). (2023). Islamic accounting and finance: A handbook (Vol. 6). World Scientific.

Ibn Khaldūn, I. (2015). The Muqaddimah: An Introduction to History (F. Rosenthal, Trans.). Princeton, NJ: Princeton University Press.

Ibn Taymiyyah, A. (1997). Majmūʿ al Fatāwā (Vol. 28). Cairo, Egypt: Dār al Wafāʾ.

IFSB. (2023). Islamic Financial Services Industry Stability Report 2023. Islamic Financial Services Board. https://www.ifsb.org

Islahi, A. A. (2015). Economic Concepts of Ibn Taimiyah (Vol. 12). Kube Publishing Ltd.

Kadi, S. (2025). Accounting and Legal Disputes in Islamic Banking and Finance. Journal of Islamic Economic Laws, 8(1), 19-40. https://doi.org/10.23917/jisel.v8i01.6915

Kahf, M. (1999). Financing the Development of Awqaf Property . American Journal of Islam and Society, 16(4), 39–66. https://doi.org/10.35632/ajis.v16i4.2099

Kahf, M. (2005, November). Basel II: implications for Islamic banking. Retrieved from Paper Written for the 6th International Conference on Islamic Economics and Banking. Jakarta: http://monzer. kahf. com/papers/english/Basel_II_Implications_for_Islamic_Banking_FOR_6TH_CONFE-RENCE_IN_JAKARTA. pdf.

Kamla, R. (2009). Critical insights into contemporary Islamic accounting. Critical perspectives on accounting, 20(8), 921-932. https://doi.org/10.1016/j.cpa.2009.01.002

Kamla, R., Gallhofer, S., & Haslam, J. (2006). Islam, nature and accounting: Islamic principles and the notion of accounting for the environment. Accounting Forum, 30(3), 245–265. https://doi.org/10.1016/j.accfor.2006.05.003

Karim, R. A. A. (2001). Islamic Financial Systems: Principles & Operations (2nd ed.). London: Euromoney.

Kelly, M. (2023). Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today's Crises. Berrett-Koehler Publishers.

Khaldun, I., & Monteil, V. M. (1967). al-Muqaddima. Sindbad.

Khan, H., & Sadia, H. (2025). The Impacts of Government Policies on Sharīʿah Governance in Islamic Finance. https://ssrn.com/abstract=5259281 or http://dx.doi.org/10.2139/ssrn.5259281

Kuran, T. (2012). The Long Divergence: How Islamic Law Held Back the Middle East. Princeton, NJ: Princeton University Press.

Lewis, H. R. (2006). Excellence without a soul: How a great university forgot education (pp. 1995-2003). New York: PublicAffairs.

Maali, B., & Napier, C. (2010). Accounting, religion and organisational culture: the creation of Jordan Islamic Bank. Journal of Islamic Accounting and Business Research, 1(2), 92-113. https://doi.org/10.1108/17590811011086705

Malek, B. M. (1997). Interpreting stories ascribed to Prophet Muhammad for teaching morality (Doctoral dissertation, University of Pittsburgh).

Maurer, B. (2002). Repressed futures: financial derivatives’ theological unconscious. Economy and Society, 31(1), 15–36. https://doi.org/10.1080/03085140120109231

Mohammed, S., & Larbani, M. (2020). Blockchain and smart contracts in Islamic finance: potential and Shariah challenges. International Journal of Islamic and Middle Eastern Finance and Management, 13(3), 385–403. https://doi.org/10.1108/IMEFM-01-2018-0037

Morshed, A. (2024). Comparative analysis of accounting standards in the Islamic banking industry: a focus on financial leasing. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-12-2022-0349

Napier, C. (2009). Defining Islamic accounting: current issues, past roots. Accounting History, 14(1-2), 121-144. https://doi.org/10.1177/1032373208098555

Nasr, S. V. R. (1996). Mawdudi and the making of Islamic revivalism. Oxford University Press.

Rahman, M. M. (2025). Blockchain for Halal Integrity in Health Care: Enhancing Compliance, Ensuring Benefits. In Using Blockchain Technology in Healthcare Settings (pp. 232-262). CRC Press.

Rodinson, M. (1978). Islam and Capitalism. New York, NY: Pantheon Books.

Rudnyckyj, D. (2013). From wall street to Halal street: Malaysia and the globalization of Islamic Finance. The Journal of Asian Studies, 72(4), 831-848. https://doi.org/10.1017/S0021911813001630

Rudnyckyj, D. (2022). Reconsidering Capitalism And Islam In Southeast Asia. Routledge Handbook of Islam in Southeast Asia, 144-154.

Sulaiman, M. (2003). The influence of riba and zakat on Islamic accounting. Indonesian management and Accounting review, 2(2), 149-167.

Sulaiman, M., & Willett, R. (2003). The changing nature and practice of accountability in Islamic banks. Accounting, Auditing & Accountability Journal, 16(5), 640–670. https://doi.org/10.1108/09513570310492348

Ṭabarī, & Perlmann, M. (1987). The History of al-Tabari. State University of New York Press.

Tafotie, R. (2020). Fostering Digital Financial Services in Africa: a case of embracing innovation for business and inclusion. University of Luxembourg Law Working Paper, (2020-005). https://ssrn.com/abstract=3557808 or http://dx.doi.org/10.2139/ssrn.3557808

Taymiyyah, I. (2005). Baik dan Buruk. Serambi Ilmu Semesta.

Thommandru, A., Rakhmanov, A., Tillaboev, S., & Mone, V. (2024). Historical Paths and Contemporary Evolution of Sharia-Compliant Finance in Central Asian Regions. Legal Information Management, 24(3), 191–202. doi:https://doi.org/10.1017/S1472669624000422

Triyuwono, I. (2015). Ethical foundations of Islamic accounting. Journal of Islamic Accounting and Business Research, 6(1), 2–20. https://doi.org/10.1108/JIABR-06-2014-0023

Zahid, R. A., Khan, M. K., & Demir, V. (2024). Accounting in the shadows of tradition: the role of national culture. Management Decision, 62(3), 1060-1083. https://doi.org/10.1108/MD-12-2022-1748

Zainuddin, Y., Hassan, A., & Al Tamimi, H. (2021). Digital transformation in Islamic banking: A Shariah governance perspective. Journal of Islamic Accounting and Business Research, 12(7), 1001–1020. https://doi.org/10.1108/JIABR-03-2020-0094