University of Kerbala
Faculty of Administration and Economics / University of Kerbala has discussed the M.A. thesis which is entitled “compatibility between Islamic accounting standards and sustainability standards and their implications for achieving sustainable development : a prospective study on a sample of Iraqi Islamic banks listed in Iraq Stock Exchange”.
The study aims at measureing compatibility relationship between Islamic accounting standards and sustainability standards and their reflection in achieving sustainable development goals issued by United Nations for a sample of Iraqi Islamic banks listed in Iraq Stock Exchange, which number (18) banks.
The study finds out that existence of a compatibility relationship between AAOIFI standards and sustainability standards, and application of AAOIFI standards combined with sustainability standards in Iraqi Islamic banks works to achieve goals of sustainable economic, social and environmental development.
The study recommends the necessity of obligating Islamic banks to controls of Islamic law in field of work, as well as strengthening efforts of AAOIFI Standards Authority for innovation and achieving a better level of efficiency and competitive advantage to be a reference in all Islamic institutions and banks in the world.
