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Modeling Responsible Accounting in Islamic Banks to Combat Financial Corruption
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Arash Einy *1   , Mahnaz Khodaei2 |
1- Novin Non-Profit Organization, Ardabil, Iran , arash.einy1364@gmail.com
2- Azad University Ardabil, Ardabil, Iran |
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Abstract: (2 Views) |
Financial corruption remains a critical challenge for Islamic banking systems despite ethical and Shariah frameworks. Objective: To model a responsible accounting system tailored to Islamic banks for effective corruption prevention. Method: Qualitative-exploratory grounded theory approach; data collected via semi-structured interviews with 15 prominent experts in Islamic banking, Shariah accounting, and anti-corruption, analyzed through open coding (concept extraction), axial coding (category formation), and selective coding (conceptual modeling). Findings: Identification of 5 synergistic dimensions in the conceptual model: 1) Shariah transparency (disclosure of contracts and Shariah audit reports), 2) Ethics-based accountability (trusteeship and equitable resource allocation), 3) Multi-layered supervision (Shariah-institutional-social), 4) Internal control mechanisms (preventive, detective, corrective), and 5) Active linkage with Shariah supervisory institutions. Application: Practical framework for redesigning Islamic banks' accounting systems, empirical testing via Structural Equation Modeling (SEM), enhancing Shariah-financial transparency index (Disclosure Index), and reducing corruption opportunities by 30-40% based on preliminary studies. The model is executable in Iranian banks and adaptable to AAOIFI standards. |
Article number: 8 |
| Keywords: Responsible Accounting, Islamic Banking, Financial Corruption, Grounded Theory, Financial Transparency |
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Full-Text [PDF 504 kb]
(4 Downloads)
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Article type: Research |
Subject:
Special
Received: 2025/05/29 | Accepted: 2025/10/27 | Published: 2026/08/1
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