A master’s thesis in the College of Administration and Economics at the University of Karbala discussed the 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 the Iraq Stock Exchange).
The study aimed to measure the compatibility relationship between Islamic accounting standards and sustainability standards and their reflection in achieving the sustainable development goals issued by the United Nations for a sample of Iraqi Islamic banks listed in the Iraq Stock Exchange, which number (18) banks.
The study reached a set of results, the most important of which is the existence of a compatibility relationship between AAOIFI standards and sustainability standards, and that the application of AAOIFI standards combined with sustainability standards in Iraqi Islamic banks works to achieve the goals of sustainable economic, social and environmental development.
The study recommended the necessity of obligating Islamic banks to the controls of Islamic law in the field of work, as well as strengthening the efforts of the 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.