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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

Zakaria Ali Aribi

University of Central Lancashire - Lancashire Business School

Thankom Gopinath Arun

University of Central Lancashire

Date Written: May 6, 2012

Abstract

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

Suggested Citation

Aribi, Zakaria Ali and Arun, Thankom Gopinath, Corporate Social Responsibility and Islamic Financial Institutions(IFIs): Management Perceptions from IFIs in Bahrain (May 6, 2012). Journal of Business Ethics, DOI 10.1007/s10551-014-2132-9, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2052635 or http://dx.doi.org/10.2139/ssrn.2052635

Zakaria Ali Aribi (Contact Author)

University of Central Lancashire - Lancashire Business School ( email )

Preston, PR1 2HE
United Kingdom

Thankom Gopinath Arun

University of Central Lancashire ( email )

United Kingdom

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