Corporate Social Responsibility and Islamic Financial Institutions(IFIs): Management Perceptions from IFIs in Bahrain
17 Pages Posted: 7 May 2012 Last revised: 24 Mar 2015
Date Written: May 6, 2012
Islamic finance is gaining greater attention in the finance industry, and this paper analyses how Islamic financial institutions (IFIs) are responding to the welfare needs of society. Using interview data with managers and content analysis of the disclosures, this study attempts to understand management perceptions of corporate social responsibility (CSR) in IFIs. A thorough understanding of CSR by managers, as evident in the interviews, has not been translated fully into practice. The partial use of IFIs’ potential role in social welfare would add further challenges in the era of financialisation.
Keywords: Corporate social responsibility, Social reporting, corporate Accountability, Islamic Banking
JEL Classification: Journal of Business Ethics
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