Abstract:Abstract-This paper aims to discover the timeliness of income recognition in Malaysian's Shariah compliant companies. In Islamic teachings, weight and measurement play a significant principle in business transactions which have repeatedly emphasized by the Prophet S.A.W. Riba' or interest is forbidden in the Quran. Sunnah should be followed. Nevertheless, post-modern business world embraces International Financial Reporting Standards (IRFS) for reporting for which in contrary is insufficient to cover certain e… Show more
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