அகாடமி ஆஃப் அக்கவுண்டிங் அண்ட் ஃபைனான்சியல் ஸ்டடீஸ் ஜர்னல்

1528-2635

சுருக்கம்

Affection of Tax on Jordan Islamic Bank Accounting Disclosure

Abdullah Ibrahim Nazal

Purpose: This paper aims to find Jordan tax effects on disclosure accounting of Jordan Islamic Bank by comparing between Jordan Islamic Bank service cycle cost after tax and Traditional Banks service cycle cost after tax, also comparing between accounting data by choices of IFRS, tax law, and Islamic rules accounting.

Methodology: The methodology of this paper is comparative descriptive analysis depending on horizontal financial analysis and historically comparing study between Jordan Islamic Bank’s financial annual reports, Jordan Center Bank annual reports and Jordan Financial Market’s annual report also it depends theoretically on studies discussion.

Findings: The author finds that Jordan tax impacts of Jordan Islamic Bank accounting disclosure. It is affected by income tax as Traditional Bank but it is affected by sales tax, transfer owning tax and affected directly by economic sectors taxes than Traditional Banks. Jordan Islamic Bank uses IFRS choices and tax law choices to reduce tax. It uses depreciation, assets loss, employees’ expenses, and Morabaha buying installments certification to get financial leverage, therefore, its accounting disclosure loose the Islamic rules of accounting data based on market value. Its accounting disclosure had weakness point and strength point.

Originality/Value: It explains the weakness of financial tables’ disclosure in Jordan Islamic Bank as result to face tax by traditional ways than Islamic rules of accounting. It helps government to understand impact of tax on the bank weakness.