Corporate Social Responsibility in Islamic Financial Institutions (IFI): A Management Insight

Abstract:     
This paper attempts to analyse the management perception on Corporate Social Responsibility (CSR) in Islamic Financial Institutions (IFI). The paper has two objectives - (1) investigate IFIs’ manager’s perception on the CSR and (2) examine to what extent do IFIs in practice, rather than, in principle, actually honour the ethical and social objectives that would be implied by Shari’a. An empirical investigation on CSR practices in IFIs was conducted using interviews and content analysis methods . The study compares managers’ perception with the actual practice, and, the result reveal that IFIs fall shot behind the ethical and social objectives that would be implied by Islamic Law.

Number of Pages in PDF File: 17

Keywords: Corporate social responsibility, Social reporting, corporate Accountability, Islamic Banking

working papers series