Analytical potential of sukuk transaction information in reports of Islamic financial institutions
https://doi.org/10.18184/2079-4665.2025.16.3.540-552
Abstract
Purpose: to identify the advantages of reflecting information on sukuk transactions in financial reports according to AAOIFI standards from the point of view of the analytical capabilities of such information for the best integration of Islamic finance into the legal field of Russia.
Methods: using such general economic methods as analysis and synthesis, induction and deduction, comparison and contrast, logical and systemic approaches, the article examines the financial reports of a number of Islamic financial organizations, compiled according to both AAOIFI and IFRS standards, namely: Al Baraka Banking Group, Dubai Islamic Bank, Kuwait Finance House, Bank Al Jazira.
Results: based on the results of the conducted research, the article highlights the main advantages of reflecting information on sukuk transactions in financial reports according to AAOIFI standards in terms of the analytical capabilities of such information, namely: deep detailing of the sukuk structure, fair value of assets, methods of income distribution, comprehensive risk analysis and management, compliance with the principles and rules of Sharia, and a high level of transparency.
Conclusions and Relevance: The analytical information on sukuk transactions disclosed in the AAOIFI reporting standards provides much more detailed and specialized indicators compared to IFRS, as they take into account the unique nature of Islamic financial instruments. This allows analysts to conduct in-depth analysis and make informed decisions. The scientific novelty of the study lies in the substantiation of the analytical capabilities of the information on sukuk transactions presented according to AAOIFI standards in financial reports. The results of the study can be used by Russian partnership financing organizations when forming information on sukuk transactions.
Supporting agencies: The author expresses gratitude to the editors and reviewers of the journal for useful comments and advice on formatting when preparing the article for publication.
About the Author
G. G. Derzayeva
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
Guzel G. Derzayeva, Candidate of Economic Sciences, Associate Professor; Associate Professor of the Department of Accounting, Analysis and Audit, Institute of Management, Economics and Finance
Researcher ID: L-8615-2013, Scopus ID: 56027635700
Kazan
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Review
For citations:
Derzayeva G.G. Analytical potential of sukuk transaction information in reports of Islamic financial institutions. MIR (Modernization. Innovation. Research). 2025;16(3):540-552. (In Russ.) https://doi.org/10.18184/2079-4665.2025.16.3.540-552
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