Saad Salman Awad, Mohammed Abdullah Ibrahim
Purpose: This study attempts to examine the development of a proposed framework to disclose the social responsibility of Islamic banks according to the Financial Accounting Standards (FAS) issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Most of the previous studies had focused on the social responsibility of Islamic banks through the Zakat and Al Qard Al hsan funds, while we believe that all (or most of the Islamic bank's activities) should be linked to social responsibility and then to the goals of sustainable development. Design /Methodology: In order to express the fundamental advantage of Islamic banks over conventional banks, the measurement of the contribution of Islamic banks to sustainable development requires extensive disclosures and various methods and techniques. Originality: This study may be the first attempt at developing an integrated framework that links the Zakat Fund,Al Qard Al hsanFund, charity activities, and other activities with the Sustainability Development Goals (SDG). This is because we believe that Islamic banks have sufficient flexibility and legitimate responsibility to expand the financing of activities aimed at achieving the goals of sustainable development. Findings: This study found that the disclosures included in the FAS are not sufficient to achieve a correlation between CSR and SDG. Therefore, the proposed framework in this research attempts to bridge this gap.