Economic Sharia Towards a Civilized Accounting Framework: Integrating Maqashid al Shariah, Anthropocosmic Vision, and Social Sustainability

Accounting Sharia

Abstract

Ecological crises, social inequality, and the erosion of meaning in economic life reveal the limits of mainstream accounting that is centred on profit and capital accumulation, including segments of Islamic accounting that remain trapped in formal compliance. This article aims to formulate a conceptual framework of civilized accounting through the integration of Maqashid al Shariah, anthropocosmic vision, and social sustainability. Employing a qualitative, philosophical approach and critical interpretive literature analysis, the study explores how Maqashid al Shariah can function as the basic teleology of accounting, how an anthropocosmic vision that emphasises the interconnectedness of God, human beings, and nature can enrich accounting’s ontological assumptions, and how social sustainability provides dimensions of justice, inclusion, and intergenerational responsibility. The analysis shows that integrating these three perspectives enables a reformulation of accounting objectives, accountability relations, and performance dimensions from a narrow focus on financial reporting to a civilisational practice that supports maslahah, cosmic harmony, and socio ecological justice. The article proposes a conceptual model of civilized accounting that can serve as a foundation for further theoretical development, the design of performance indicators, and empirical experimentation in Islamic financial institutions and other organisations committed to social sustainability. .