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Islamic Accounting Standards – bridging differences between accounting practices in Islamic and conventional finance

There has been much in the press recently about aspects of Shari’ah law being implemented in the UK and ahead of the UK Islamic Finance Investment Group Summit in London this week, I was reminded of the distance the West has to go in incorporating many Islamic principles.

This is certainly true in accounting. For some time, international accounting standards have been set by Anglo-American governing bodies, with little consideration given to the principles of Shari’ah or the economics of the Islamic states, in which interest payments and monetary speculation are prohibited.

Connect to RSM. Connect with success

Welcome to RSM Betty & Dickson, an association of South African firms of Chartered Accountants and Management Consultants. We provide a wide range of auditing, tax, advisory and fiduciary services to the private and public sector and to individuals. Our 4 offices are united through a strong entrepreneurial spirit and a unique client-centered approach and as part of the global network of RSM, we have more than 32,500 people in over 100 countries on hand to serve your needs.

Wherever in the world your business is going, you need constant access to rapid, relevant answers and a fast-moving team on your side. RSM is one of the world’s leading audit, tax and advisory networks of independently owned and managed professional services firms.

With global reach and local perspective, RSM member firms deliver innovative solutions, helping you see further, adapt faster and grow stronger.

Get in touch to discover how we can help you get connected for success.

Current Articles 

McGladrey is calling – secondment 2014

Friday, January 10th 2014 marked the beginning of our very much anticipated journey to the unknown. Nervous and excited at the same time, we touched down in Orange County on the 11th of January, after a 16 hour flight from Johannesburg to Atlanta and a 5 hour flight across the United States from Atlanta to California.


The new tax free employment tax incentive – more than meets the eye?

A hot topic on many lips is the new employment tax incentive that was implemented with effect from 1 January 2014. The aim of the incentive is to encourage employers to hire young and inexperienced individuals looking for work.


Opportunities and great learning experiences are always found in rare places

Opportunities and great learning experiences are always found in rare places. This was true for me in every sense as I recently took up a work assignment in Kuwait.



RSM Betty & Dickson’s 75th Anniversary

The 1st April 1939 was a reasonably unremarkable day, unless you were Spanish because it marked the end of the Spanish civil war. Six months later the world would be plunged into the Second World War but on the 1st of April, nothing much was happening.


Border Crossing April 2014 Israel: Changes in Taxation of a Controlled Foreign Corporation

Australia: Company PE Income may not be exempt from tax

Brazil: Changes to Brazilian CFC rules

RSM Reporting April 2014

  • Our experts in... Chile
  • Ten Questions, Ten Answers
  • RSM in the industry

  • Hans Hoogervost, Chairman of the IASB, Discusses leadership and change in the IASB  

    RSA Tax Guide 2014/15

  • Individual - Tax Rates.
  • Individual – Rebates.
  • Individual – Exemptions.
  • Individual – Deductions.
  • Provisional Tax.
  • Inland Revenue -Interest Rates.

  • Detailed Tax Guide 2013/14

    - Income tax rates, rebates
     and thresholds.
    - Residence basis of taxation.
    - Interest and dividend income
    - wear and tear allowances.
    Disclaimer: Terms and Conditions SiteMap PAIA Manuals eMail Policy
    RSM Betty & Dickson is a member of the RSM network. Each member of the RSM network is an independent accounting and advisory firm each of which practices in its own right. The RSM network is not itself a separate legal entity of any description in any jurisdiction. The RSM network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 11 Old Jewry, London EC2R 8DU. The brand and trademark RSM and other intellectual property rights used by members of the network are owned by RSM International Association, an association governed by article 60 et seq of the Civil Code of Switzerland whose seat is in Zug. © RSM International Association, 2013