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New answer posted
5 years ago
Islamic Finance
Accountant
Accounting
Member since Jul' 2018
Answered 5 years ago
Hi Nur Ruqaiyah Nadhirah,
While there are many similarities between the two fields, the main difference is that those who work in Islamic finance typically focus on planning and directing the financial transactions for an organisation, while those who work in accounting focus on recording and reporting on those transactions. Islamic finance differs from traditional finance in terms of the system adopted by the banks; following Islamic laws of investment and risk-sharing.
For more information, do refer to the following links:
Finance
Hope this helps!
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