Lukman M. Aldabbagh, Thabit H. Thabit, Laith K. Ibrahim
This research aims to evaluate the role of Islamic Accounting Instruments for Investment in enhancing sustainable development in banks by studying and analyzing the financial statements and reports of a number of Islamic banks in Iraq and determining the developmental role of these instruments in the developing the Iraqi economy. The main problem of the research is the evaluation of the investment instruments of the Islamic accounting and their role in the light of the global economy and the dominance of the commercial banks on most financial transactions, in addition to obtain real evidences which indicate to the impact of these instruments on sustainable development in Islamic countries. The researchers concluded that the Islamic Accounting Instruments for Investment are capable to enhance the Islamic economy and to create a qualitative leap in the field of sustainable development if they applied in a scientific and correct manner. Also, the researchers found that strong correlation between applying the tools of Islamic accounting in banks and increasing the level of sustainable development. We recommend establishing a specialized organization to measure the quality of financial services offered by Islamic banks, in addition to the need for establishing an Islamic financial system capable of keeping pace with the global financial system by encouraging the adoption of investment instruments for the Islamic economy.