Sri Wahyu Sakina Bt Ahmad SanusiMohd Fairuz Md SallehSalmy Edawati Yaacob2024-05-302024-05-302020-11-109789674408558http://fem.usim.edu.my/ibaf2020-proceeding/https://oarep.usim.edu.my/handle/123456789/17424e-Proceedings of The 9th Islamic Banking, Accounting and Finance International Conference 2020 (iBAF2020) “Navigating the New Normal in Islamic Finance and Wealth Management” 10th – 11th November 2020, Malaysia Organized by: Faculty of Economics and Muamalat,USIM Page: 37-45In accordance with the history of Islam, waqf zurri has been used as a property planning instrument or succession planning for the family. Waqf zurri aims to defend the plight of families left by their parents who are helpless. In the concept of Islamic law, a person who own property and intended to make waqf on his property should put priority on their immediate family members. Arguing the stewardship concept in accounting; it is known that the ultimate objective of accounting theory is to provide a basis for the prediction and explanation of accounting behaviour and events. Stewardship also demanded reporting and responsibility to be in place. Hence, the discussion in this article focuses on the positive accounting theory and decision usefulness theory which can be linked towards waqf zurri conduct on reporting manners. Those theories are beneficial since no standard reporting for waqf zurri adopted as for now. Therefore, the objective of this paper is to examine the accounting theories and stewardship concept in relation to waqf zurri reporting. Nonetheless, the needs for those theories in creating appropriate accounting principles in waqf zurri is open for debatable. This paper is a conceptual paper whereby the related literatures have been referred and analyse using thematic analysis. The implication of this paper is that the reporting of waqf zurri is deem important and shall be prepare meticulously dependable on the crucial accounting theories by the accountable party.en-USwaqf zurri, positive accounting theory, decision usefulness theory, stewardship, reportingArticle3745