Competing Institutional Logics and Power Dynamics in Islamic Financial Reporting Standardisation Projects

Ahmad Abras, Kelum Jayasinghe

Research output: Contribution to journalArticlepeer-review

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Purpose: This paper examines the historical evolvement of competing institutional logics (i.e. religion, profession, state, market and community) underpinning Islamic accounting standardisation projects and power relations between internal actors representing these logics.
Design/methodology/approach: The paper adopts a case-study approach and analyses two Islamic accounting standardisation projects implemented at the national and international levels. Documentary review and semi-structured interviews are used for data collection. Analysis is informed by the ‘Institutional Logics Perspective’ and Bourdieu’s notion of ‘power as capital in a field’.
Findings: Research findings illustrate how some local actors pre-dispose themselves in promoting strict compliance to IFRS, while others endeavour to ensure compliance to ‘Islamic Sharia requirements’ in financial reporting. In this power dynamic, there is an ongoing ‘constructive resistance’ actively exerted by the latter group against the former, preserving the existence of religion-based reporting demands in Islamic accounting standardisation approaches. The paper also highlights chronological ‘dynamic’ accounts that explain the evolvement of institutional logics prevailing in these projects over different historical stages at both national and international levels.
Originality/value: This paper’s findings contrast and challenge the existing assumption that the ‘epistemic community’ promoting IFRS agenda always faces ‘passive responses’ from local actors. Moreover, the paper’s offering of a dynamic view to institutional logic mapping extends the previously used ‘static analyses’ of logics prevailing in Islamic accounting standardisation projects.
Original languageEnglish
Pages (from-to)(In-Press)
JournalAccounting, Auditing and Accountability Journal
Early online date10 May 2022
Publication statusE-pub ahead of print - 10 May 2022

Bibliographical note

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This document is the author’s post-print version, incorporating any revisions agreed during the peer-review process. Some differences between the published version and this version may remain and you are advised to consult the published version if you wish to cite from it.


  • Epistemic community
  • Institutional logics
  • International accounting harmonisation
  • Islamic accounting
  • Power relations
  • Sharia

ASJC Scopus subject areas

  • Accounting
  • Economics, Econometrics and Finance (miscellaneous)


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