Islamic Finance Education and Accounting Curriculum

Abstract

Islamic finance has emerged as a major segment of the global financial system, with increasing demand for Shariah-compliant products, ethical governance, and interest-free financial mechanisms. Despite this growth, academic institutions face challenges in integrating Islamic finance into accounting curricula due to conceptual divergence from conventional financial systems, limited standardized frameworks, and a shortage of qualified faculty. This paper examines pedagogical models, curriculum alignment strategies, and competency frameworks necessary for education in Islamic finance. A structured Islamic Finance–Accounting Integration Model (IFAIM) is proposed to embed principles of Shariah, ethical governance, and proportional financial reporting within mainstream accounting programs. Findings highlight the need for interdisciplinary training, international standards (AAOIFI, IFSB), digital finance modules, and experiential learning through Islamic banking case studies.