IIUC Journals

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    Disclosure practices in Bangladesh: A critical review on Islamic insurance companies
    (International Islamic University Chittagong, 2022-12) Sultana, Tania
    The aim of the study is to analyze the reporting and disclosure practices in Islamic insurance (takaful) companies in Bangladesh. The accounting system is not the same for the both conventional and Islamic insurance companies as the principles and functions of takaful are different from the traditional one. The study included five Islamic insurance companies out of six as the sample organizations by using purposive sampling method. The un-weighted disclosure index (UDI) method has been used to grade the sample organizations on their disclosures in the annual reports for the period from 2015 to 2019. MS excel has been used to analyze the data. Despite their common regulatory rules, some differences have been found in presenting their reports of the sample Islamic insurance companies. According to UDI value, on the whole disclosure status of the selected insurance companies are good. This study found that the deviations in reporting in the selected takaful companies are not insignificant. The increasing trend of disclosure of the takaful companies bears the good indication.
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    Automation of financial reports of the commercial banks of Bangladesh: Benefits and challenges
    (CRP, Center for Research and Publication, 2020-12) Chowdhury, Md. Shahnur Azad
    Automation has started its journey in every area after the invention of computer. Accounting is a traditional discipline from a long period of time. A rigorous development in this field has taken place in the last few decades. Now-a-days all of the functions of this discipline are almost automated. Specially, financial reporting is a crucial issue and is required by various stakeholders timely and accurately. Computerised system can ensure these qualities of financial reports. For conducting the study, data were collected by using questionnaire. Collected data were analyzed by using SPSS (version 22). KMO, factor analysis, ANOVA, regression, etc. are done on the collected and coded data. A lot of benefits of automated reports have been revealed like time-saving, cost-effective, increasing the speed and efficiency along with some challenges. The major challenges include maintaining security and the massive investment which is required for installing an automated system. Some policy implications from both bankers and customer-views are suggested to make the system sophisticated by ensuring the protection of the system.
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    Chieftaincy Institutions among Yoruba Muslims in Nigeria: Between the Present and Past
    (CRP, International Islamic University Chittagong, Bangladesh, 2011-12) Sulaiman, Kamal-deen Olawale
    This paper intends to analyse the contemporary issues and challenges of chieftaincy Institutions among Yoruba Muslims in Nigeria. It delves into the origins of Islamic chieftaincy institutions, the roles and functions of Islamic Chieftaincy title holders. The methodology employed was based on information and analysis of the data from written sources. The paper reveals that the need to encourage believers in the propagation of Islam is a major reason for the multiplicity of chieftaincy titles. The paper recommended that for Islamic chieftaincy titles to be meaningful, preference should be given to Muslims who have the fear of Allah. While it concluded that in the early history merit and not mediocrity was the major consideration in the award of chieftaincy titles. The current trend therefore requires urgent review.