ACCOUNTING FOR MURABAHA TRANSACTIONS IMPLEMENTED BY PARTICIPATION BANKS IN TURKEY IN THE SCOPE OF TAS/TFRS AND IFFAS

Abstract

In this study, applications for the accounting of murabaha transactions, which is one of the tools of the interest-free financial system, are included. Buradan hareketle ilk bölümde Türkiye’de katılım bankacılığı uygulamalarından bahsedilmiştir. In the second part of the study, the definition of murabaha, the stages, sides and types of murabaha are explained, and the differences between murabaha and loans are mentioned. Also, comparison of murabaha transactions in the scope of TAS/TFRS and IFFAS has been made. In the third part, information is given about the national and international studies on the accounting of murabaha transactions. In the fourth and last part, accounting examples of murabaha transactions are given and journal entries are made.