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

Fair Value in the Islamic Perspective: Jakarta Islamic Index (JII) Companies’ Cases

Authors
Maisya Pratiwi, Dodik Siswantoro
Corresponding Author
Maisya Pratiwi
Available Online August 2017.
DOI
https://doi.org/10.2991/iac-17.2018.47How to use a DOI?
Keywords
Fair Value; Islamic Perspective; Zakat; Stock; Hierarchy
Abstract

This study aims to determine whether the companies listed in the Jakarta Islamic Index (JII) have assets or liabilities that are measured at fair value, where assets or liabilities measured in this way are likely to be used to form the basis of measurement of corporate zakat. This study uses companies listed in the JII because these companies have fulfilled Islamic requirements in terms of both products sold and financial issues. Companies listed in the JII are expected to have greater awareness about using fair value than using historical cost. The findings from 15 companies reveal that most of the companies listed in the JII use fair value measurement. The majority of the fair value used by the sample company is hierarchy 1 and 2 fair value.

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-17.2018.47How 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  - Maisya Pratiwi
AU  - Dodik Siswantoro
PY  - 2017/08
DA  - 2017/08
TI  - Fair Value in the Islamic Perspective: Jakarta Islamic Index (JII) Companies’ Cases
BT  - Proceedings of the 6th International Accounting Conference (IAC 2017)
PB  - Atlantis Press
SP  - 265
EP  - 269
SN  - 2352-5428
UR  - https://doi.org/10.2991/iac-17.2018.47
DO  - https://doi.org/10.2991/iac-17.2018.47
ID  - Pratiwi2017/08
ER  -