Abstract
The aim of this paper was to determine the extent of sharia disclosures made in the 2017
annual reports for an Islamic Bank in South Africa, hereafter referred to as ‘Bank A’, and an
Islamic Bank in Nigeria, hereafter referred to as ‘Bank B’. The study is qualitative in nature
using a case study method, content analysis and disclosure index. The findings indicate that
for the Sharia Supervisory Board (SSB) report, the disclosures for Bank A are assessed to
be 82% compliant versus Bank B whose disclosures are assessed as being 45% compliant.
The results, in so far as the sharia report is concerned, shows that Bank A is 94% compliant
while Bank B is 81% compliant.