In some countries,financial institutions operate under Shariah,which also gives guidance about accounting practice in these institutions. What is "Shariah?"

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Shariah is the law governing human conduct that is derived from the Koran. It is a set of principles and guidelines that underlie Islamic finance and encompasses all aspects of life, including business and financial transactions. Shariah-compliant financial institutions operate under these principles and guidelines, which include prohibitions on interest-based transactions and investments in certain industries, among other things. Shariah guidance also extends to accounting practices in these institutions.

In Some Countries,financial Institutions Operate Under Shariah,which Also Gives Guidance