This study explores the ethics and contextualization of recording economic transactions, particularly muamalah and accounts payable, within an Islamic framework. The research employs qualitative and descriptive methods, utilizing literature studies and content analysis to examine the principles and practices of Sharia accounting. The study emphasizes the importance of responsibility, fairness, honesty, legitimacy, good personality, continuity, and matching (muqabalah) in the context of economic transactions. It highlights the negative impacts of unregulated debt, including stress, moral corruption, and spiritual punishment, as outlined in the Quranic verse al-Baqarah: 282. The study also discusses the unique features of Islamic accounting compared to conventional accounting, such as the separation of financial guarantees from economic units and the emphasis on moral truth over relative truth. The ethical framework for Islamic accountants is outlined, emphasizing integrity, sincerity, piety, truthfulness, and fear of Allah. The implications of violating these ethical principles are severe, leading to consequences in this life and the afterlife. The study concludes that proper recording and ethical practices in economic transactions are essential for the well-being of all parties involved.This study explores the ethics and contextualization of recording economic transactions, particularly muamalah and accounts payable, within an Islamic framework. The research employs qualitative and descriptive methods, utilizing literature studies and content analysis to examine the principles and practices of Sharia accounting. The study emphasizes the importance of responsibility, fairness, honesty, legitimacy, good personality, continuity, and matching (muqabalah) in the context of economic transactions. It highlights the negative impacts of unregulated debt, including stress, moral corruption, and spiritual punishment, as outlined in the Quranic verse al-Baqarah: 282. The study also discusses the unique features of Islamic accounting compared to conventional accounting, such as the separation of financial guarantees from economic units and the emphasis on moral truth over relative truth. The ethical framework for Islamic accountants is outlined, emphasizing integrity, sincerity, piety, truthfulness, and fear of Allah. The implications of violating these ethical principles are severe, leading to consequences in this life and the afterlife. The study concludes that proper recording and ethical practices in economic transactions are essential for the well-being of all parties involved.