Accounting Procedures For The Sale Of Salaam And Parallel And Application Requirements In The Iraqi Islamic Banks

Abstract

The investment and financing mechanisms based on interest in the banks one of the main causes of the financial and economic crises plaguing the global economy. The sail of salaam is the adequate system of interest applicable in the banks، The problem of the search include several questions first، what actions accounting for the sale of salaam in Islamic banks and their compatibility with the Islamic accounting standards second what are the requirement for these procedures . And third is the efficiency and effectiveness of these measures in the provision of appropriate information . The research aims to clarify the process of the salaam selling and rulings legitimacy and procedures own research found number of conclusions and recommendation ,mainly the sale of salaam is adequate alternative system of interest, and the accounting system in Iraqi banks needs some adjustments for the purpose of applying these measures.