... AAOIFI Islamic accounting standards Pakistan Islamic banks Islamic finance Pakistan’s Islamic banking and finance emerged to address religious and economic needs, with efforts to eliminate Riba starting in the 1970s but focusing on practical steps in the 1980s and later in the 2000s...

... for a separate set of Islamic accounting standards for IFIs. Design/methodology/approach Drawing upon seven in-depth semi-structured interviews conducted with IFIs’ leading officers who are highly involved in preparing financial statements in Malaysia, the paper offers evidence on the current stance...