What is the major difference between Islamic religion and Western accounting practices which would make convergence of accounting standards difficult to achieve in Islamic countries?

Question

Quizplus · Accepted Answer

Islamic finance prohibits debt financing and the payment of interest (riba), which is integral to Western accounting practices. This makes it difficult to achieve convergence of accounting standards in Islamic countries where Shariah-compliant financial practices are followed.

What Is the Major Difference Between Islamic Religion and Western