THE ACCOUNTING TREATMENT OF THE LEASE ENDING WITH OWNERSHIP STANDARD FOR ISLAMIC ACCOUNTING STANDARD NO. (8) (32) AND ITS IMPACT ON TRANSPARENCY AND ACCOUNTING DISCLOSURE (A PROPOSED MODEL)

This research aims to demonstrate the efficiency and suitability of the accounting treatment for lease ending with ownership in accordance with Islamic Accounting Standards No. (8) and (32), and to determine the impact of applying these treatments on the level of transparency and financial disclosure in the financial statements of Islamic institutions, in order to propose a developed accounting model that contributes to enhancing reliability and clarity in presenting financial information that is consistent with the provisions of Islamic Sharia,The research findings confirm that the application of standards (8) and (32) represents a fundamental step in developing the Islamic financial reporting environment towards greater transparency, fairness, and full disclosure. The research recommends the need to update national accounting systems (especially in Iraq) to comply with the requirements of AAOIFI standards, and to intensify training and professional qualification programs for accountants working in Islamic banks.