Majid, JamaluddinHaliding, Safri2019-09-252019-09-252016-03-252014-07http://hdl.handle.net/20.500.12424/236007This paper tries to explore the critical aspects of the fair value accounting and its implications to Islamic Financial Institutions. This study concludes that the fair value accounting measurement provides many critical aspects to be implemented to Islamic Financial Institutions (IFIs). AAOIFI proposed cash equivalent value as respond to fair value measurement that cash equivalent value when the attribute condition is present such as the relevance, reliability and understandability of the resulting information.engWith permission of the license/copyright holderAAOIFIIFRSIslamic Financial InstitutionsFair Value AccountingEconomic ethicsEthics of economic systemsLabour/professional ethicsMethods of ethicsJournal volume