Proceedings of the 6th International Accounting Conference (IAC 2017)

Forced Implementation of SFAS 108 on Islamic Insurance? An Interpretation Study of Gray and Sharia

Authors
Dodik Siswantoro
Corresponding Author
Dodik Siswantoro
Available Online August 2017.
DOI
https://doi.org/10.2991/iac-17.2018.8How to use a DOI?
Keywords
Insurance, Claim, Islam, Gray, Takaful
Abstract

Financial Accounting Standard (FAS) No. 108 on Islamic Insurance, which has been effectively applied since 1 January 2010, has received many responses from related companies. Generally, they have not prepared for the standard. This is because extensive efforts are required for the implementation, for example, the separation of funds between shareholders and clients. The method used in the study follows the Gray approach, analysis of the interview results, and analysis of the non-parametric approach to look at the significance of differences. The previous standard did not specify in detail clients’ funds, reserves, and income statement. In the case of Islamic insurance, any tabarru or premium earned must be able to cover probable claims; this is the basic difference between Islamic and conventional insurance.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 6th International Accounting Conference (IAC 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
August 2017
ISBN
978-94-6252-519-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/iac-17.2018.8How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Dodik Siswantoro
PY  - 2017/08
DA  - 2017/08
TI  - Forced Implementation of SFAS 108 on Islamic Insurance? An Interpretation Study of Gray and Sharia
BT  - Proceedings of the 6th International Accounting Conference (IAC 2017)
PB  - Atlantis Press
SP  - 42
EP  - 47
SN  - 2352-5428
UR  - https://doi.org/10.2991/iac-17.2018.8
DO  - https://doi.org/10.2991/iac-17.2018.8
ID  - Siswantoro2017/08
ER  -