A content analysis of narrative COVID-19 disclosure in Omani Islamic banks

Issal Haj Salem, Khaled Hussainey

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

    Abstract

    The purpose of this chapter is to investigate narrative COVID-19 disclosure in Islamic banks in the Sultanate of Oman. There are two Islamic banks in Oman: Bank Nizwa and Alizz Islamic Bank. We use the content analysis method is count the number of statements related to COVID-19 disclosure in the narrative sections of Islamic banks’ annual reports published in 2020. Our measure of COVID-19 disclosure is based on the special guidance of the International Finance Corporation’s Framework on Disclosure and Transparency in Crisis – Increasing Resilience and Building Trust during and after COVID-19.

    Our analysis provides new evidence that Omani Islamic banks disclose more strategic information related to the COVID-19 pandemic. However, they disclose less performance and governance information related to the pandemic. We also find that bank profitability has not been significantly affected by the pandemic, although both liquidity and risk have been negatively affected. To the best of our knowledge, there is no study, to date, that examines narrative COVID-19 disclosure in Islamic Banks. Our study adds to the existing and growing literature on voluntary narrative disclosure in Islamic banks. It offers practical implications. It suggested that guidance is needed to encourage Islamic banks to disclose more governance and performance-related information during the pandemic.
    Original languageEnglish
    Title of host publicationCorporate Narrative Reporting: Beyond the Numbers
    PublisherRoutledge
    Publication statusAccepted for publication - 13 Nov 2021

    Keywords

    • narrative COVID-19 disclosure
    • content analysis
    • Islamic banks
    • Oman

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