The Impact of Disclosure of sustainable development practices in financial reports on financial performance from the point of view of employees of Kuwaiti Islamic banks listed on the Kuwait Financial Market: field study

Abstract

The study aimed to find out the extent to which Islamic banks in Kuwait revealed the dimensions of sustainable development: (economic, social, environmental, and technological) in their financial reports and the disclosure of the impact of banks' disclosure of the dimensions of sustainable development on the financial performance of Islamic banks from the point of view of their employees. To achieve the objectives of the study, the extrapolation and proactive approach and the analytical descriptive approach were used. A (30) paragraph survey tool (questionnaire) was designed and randomly distributed to a sample of (153) financial and administrative managers, financial report preparers, and accountants. Its reliability and reliability were confirmed, and the statistical package spss program was used for statistical analysis. The study found many results, the most prominent of which are: The degree to which Kuwaiti Islamic banks disclose the dimensions of sustainable development in their financial reports is high in the economic and social dimensions, medium in the environmental dimension, and low in the technological dimension. It also shows that there is a statistically significant impact on the financial performance of Kuwaiti Islamic banks in their financial reports. The study also recommended that Kuwaiti Islamic banks should adopt accounting standards that require banks to disclose sustainable development dimensions through their financial reports or separate balance sheet reports and that they should rely on more extensive indicators that link sustainable development dimensions to future financial performance.