في دول المغرب العربي- دراسة مقارنة AAOIFI الصادرة عن FASمدى تطبيق معايير المحاسبة الإسلامية

Abstract

This study explores the extent to which Islamic banks in Libya and Algeria comply with Islamic accounting standards, with a particular focus on the standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The primary standards examined in the research include:  FAS 2: Murabaha and Murabaha to the Purchase Orderer  FAS 8: Ijarah – particularly Ijarah Muntahia Bittamleek  FAS 28: Murabaha and Deferred Payment Sale (a revised and extended version of FAS 2)  FAS 32: Ijarah (a revised and extended version of FAS 8) The study aims to analyze the regulatory and practical implementation of these standards in both countries, identifying strengths, gaps, and the level of alignment between accounting, regulatory, and Shariah aspects in Islamic financial institutions. Using a comparative analytical approach, the study reviews relevant policies and instructions issued by the Central Bank of Libya and the Bank of Algeria. It also assesses the actual application in selected Islamic banks, such as Al Yaqin and Jumhouria Bank in Libya, and Al Salam and National Bank in Algeria. Key findings highlight a relative advancement in regulatory frameworks in both countries, yet significant challenges remain, including:  The absence of explicit legal adoption of AAOIFI’s FAS as binding accounting references.  Weak coordination between Shariah supervisory boards and accounting departments.  The lack of a unified Islamic accounting guide in Libya, while Algeria has issued a comprehensive national chart of accounts for Islamic banking.  Inconsistencies in implementation across banks within the same jurisdiction. ح The study offers several recommendations targeted at monetary authorities, Islamic banks, and academic institutions. These include the issuance of unified national accounting guides based on AAOIFI standards, the development of supervisory mechanisms, enhanced financial disclosure practices, and capacity building in Islamic accounting. Ultimately, the study concludes that building a unified Maghreb-wide Islamic accounting framework requires legislative will, institutional synergy, and openness to adopting specialized رز ١international standards — particularly those issued by AAOI