A NEW METHODOLOGY TO INITIATE ISLAMIC POLITICAL ECONOMY OF ACCOUNTING

Abstract

This paper aims to develop a new methodology to initiate Islamic Political Economy of Accounting (IPEA). The data involved in this study were in the form of textual data of HOS Tjokroaminoto, Ibn Taimiyah and Iwan Triyuwono. The textual data consisted of their own writings and thoughts written by others. The new methodology based on the results of this study is called the Islamic Reasoning Trilogy. This methodology merges literalistic thinking of Ibn Taimiyah, contextual thinking of HOS Tjokroaminoto, and intuitive thinking of Iwan Triyuwono. Thus, the resulting IPEA concept is originated from a unified Islamic way of thinking which always rests on the value of Tawheed. This result is recommended for researchers (practitioners, academics and students) who want to develop the concept of Islamic Political Economy of Accounting by using a comprehensive analysis that is literalistic, contextual and intuitive.

Keywords

• Methodology
• islamic economics
• political economy
• accounting