The accounting process which aims to provide appropriate information, not necessarily limited to financial data, to the stakeholders of a firm/ business which will be used to enable them to make informed decisions and to assure them that the firm (business) continously operates and will always do according to the requirements of Shari’ah and in a manner it can meet its broader socioeconomic objectives.

The accounting process invovles recording, classifying, and summmarizing transactions and events in a significant manner and in terms of money and interpret and report the results to the stakeholders, both internal and external, to enable them to make informed decisions and to evaluate the firm’s compliance with the principles of Shari’ah in all of its financial and business transactions and operations, etc. The specific Shari’ah-driven information needs that justify the existence of Islamic accounting  include Shari’ah compliance, zakah, tradability of assets from Shari’ah perspective, and so on.