Financial transparency is one of the fundamental principles in modern economic and financial systems, playing a vital role in enhancing public trust, improving market efficiency, and preventing corruption. In Islamic management, financial transparency is rooted in Qur’anic teachings, narrations, and the ethical principles of Islam, which emphasize honesty, trustworthiness, and accountability. In contrast, the International Financial Reporting Standards (IFRS), with the objective of creating convergence in corporate financial reporting, provide a set of technical and transparency-oriented requirements for the presentation of financial statements. This article adopts a comparative approach to examine the conceptual and substantive aspects of financial transparency in Islamic management and IFRS, analyzing the points of convergence and divergence between the two frameworks. The findings indicate that both systems emphasize full disclosure of information, accuracy of data, and reliability in decision-making. However, there are fundamental differences between Islamic management and IFRS in terms of the source of legitimacy, the approach to ethics, and the position of ultimate objectives. In Islamic management, financial transparency is not merely a tool for increasing economic efficiency but is also considered a religious obligation and a social responsibility. In contrast, IFRS places greater emphasis on the interests of investors and other market stakeholders. The results of the study suggest that integrating Islamic ethical principles with the technical mechanisms of IFRS can enhance the level of financial transparency in Islamic countries and provide a pathway for developing indigenous accounting frameworks with global support.