Islamic Accounting (ACCT 333) is an Accounting program course. It is provided as an elective course on year three level five with three credit hours (3-0-3). This course discusses the conceptual and practical aspects of Islamic Accounting. It offers an understanding of the Islamic business environment in which accounting takes place and the importance of market values in Islamic accounting. Emphasis is placed on the application of the accounting cycle in Islamic institutions, Islamic financial contracts, and how Islamic commercial law affects Islamic accounting. In particular, this course discusses Murabaha contract’ rules in the context of AAOIFI and of IFRS. Furthermore, this course briefly introduces the accounting for Sukuk.