Identification and Ranking of Accounting Information Users in Islamic Financial Reporting

Objectives: The aim of the present study is to identify and rank the users of accounting information in Islamic financial reporting. Methodology/Design/Approach: The research is exploratory and has a mixed qualitative and quantitative approach. Sampling in the qualitative part is selective and purposeful with fourteen experts from the profession and academia. Findings: In the qualitative part, content analysis and grounded theory methods were used, and in the quantitative part, the Friedman test was used. In relation to identifying the users of Islamic financial reporting, eight internal users and sixteen external users were identified. Also, in order of ranking of internal users, 1) shareholders in the first rank, 2) individual investors in the second rank and 3) managers in the third rank, and external users, 1) stakeholders in the first rank, 2) Islamic society and the general public in the second rank, 3) Islamic investment financial institutions in the third rank. Innovation: A wide range of users use Islamic financial reports, each with their own objectives and information needs. Understanding these needs is essential for designing Islamic financial reporting systems that are scientific, accurate, and practical. This system provides transparent information about the financial performance, financial position, cash flows, and compliance with ethical and Sharia principles of Islamic companies to help all users make informed and responsible decisions.