Corporate social responsibility of Islamic banks in Malaysia : arising issues

Joint Authors

Ibrahim, Uzaimah
Jusoh, Wan Nur Hazlina Wan

Source

Islamic Economic Studies

Publisher

Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)

Publication Date

2017-04-30

Country of Publication

Saudi Arabia

No. of Pages

18

Main Subjects

Economics & Business Administration

English Abstract

Corporate social responsibility (CSR) term has rapidly developed and is no longer a strange concept among business communities.

As part of business entities and concurrently guided by Sharī‘ah principles, Islamic banks face even more expectations in performing CSR as Islamic financial institutions.

On top of that, although Malaysia is at the vanguard in the development of Islamic finance especially in Islamic banking industry, there is a lack of discussion on issues pertaining CSR applications of Islamic banks.

Using interview data with top management executives and supported by observations and document reviews, this study attempts to disclose arising issues regarding CSR applications of Islamic banks in Malaysia.

It was found that there are significant issues that need to be addressed in order to ensure the efficiency of Islamic banks CSR applications especially regarding corporate social responsibility disclosure (CSRD), CSR department and CSR fund

Data Type

Conference Papers

Record ID

BIM-776575

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