Fair Value in the Islamic Perspective: Jakarta Islamic Index (JII) Companies’ Cases
- 10.2991/iac-17.2018.47How to use a DOI?
- Fair Value; Islamic Perspective; Zakat; Stock; Hierarchy
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.
- © 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 - 10.2991/iac-17.2018.47 ID - Pratiwi2017/08 ER -