Sharia Accounting Financial Report

Abstract

Sharia accounting financial reports present financial information based on Islamic principles, such as the prohibition of usury (riba), gharar (gharar), and maisir (gambling), and are oriented towards justice, transparency, and accountability. This paper aims to explain the definition, purpose, function, components, differences from conventional financial reports, and the application of Sharia financial reports in Islamic financial institutions. Based on a literature review and analysis of Sharia PSAK standards, it was found that Sharia financial reports not only provide information on financial position and performance but also serve as a form of moral and spiritual accountability for the management of community funds. The components of Sharia financial reports include the statement of financial position, profit and loss and other comprehensive income statements, statement of changes in equity, cash flow statement, income and profit sharing reconciliation report, report on sources and distribution of zakat funds, report on charity funds, and notes to the financial statements. The main differences from conventional reports lie in the legal basis, types of transactions, use of contracts, and the existence of supervision by the Sharia Supervisory Board. Implementation in Sharia banks and zakat institutions shows that Sharia financial reports play a role in increasing public trust, transparency, and compliance with Sharia. Overall, this reporting system supports the creation of governance that is just, ethical, and oriented towards the welfare of the community.

Keywords:

Sharia Accounting, Sharia Financial Reports, PSAK 101, Sharia Compliance, Zakat Funds, Charity Funds, Sharia Financial Institutions.