The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view

Corporate social responsibility disclosure (CSRD) is imperative for an institution as it assists decision makers in making economic decisions. However, for Islamic institutions like Islamic banks, these objectives are secondary. For Islamic banks, to show their compliance with Shari’ah is the main o...

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Main Authors:	Wan Jusoh, Wan Noor Hazlina, Ibrahim, Uzaimah
Format:	Article
Language:	English
Published:	IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM). 2018
Subjects:	HB126.4 Islamic Economics HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/54982/ http://irep.iium.edu.my/54982/ http://irep.iium.edu.my/54982/1/54982_The%20Significance%20of%20Corporate%20Social%20Responsibility.pdf

id	iium-54982
recordtype	eprints
spelling	iium-549822018-06-11T02:01:26Z http://irep.iium.edu.my/54982/ The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view Wan Jusoh, Wan Noor Hazlina Ibrahim, Uzaimah HB126.4 Islamic Economics HG3368 Islamic Banking and Finance Corporate social responsibility disclosure (CSRD) is imperative for an institution as it assists decision makers in making economic decisions. However, for Islamic institutions like Islamic banks, these objectives are secondary. For Islamic banks, to show their compliance with Shari’ah is the main objective of their CSRD that overrules other objectives. Nevertheless, there is no special framework on corporate social responsibility (CSR) for Islamic financial institutions in Malaysia especially Islamic banks thus far to guide them on what should be disclosed in their annual reports although Malaysia is one of the leading global hub for Islamic finance. Hence, the purpose of this study is to determine the significance of CSRD to Islamic banks in Malaysia from an Islamic view. This study is based on primary Shari’ah sources i.e. al-Qur’an and al-Sunnah, and secondary Shari’ah sources. It was found that, it is obligatory for all Islamic banks in Malaysia to disclose their CSR activities and initiatives through a right and common platform, which is CSRD. Therefore, a special CSR framework is required to guide Islamic banks in Malaysia disclose their CSR activities or initiatives systematically and perfectly IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM). 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/54982/1/54982_The%20Significance%20of%20Corporate%20Social%20Responsibility.pdf Wan Jusoh, Wan Noor Hazlina and Ibrahim, Uzaimah (2018) The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view. Journal of Islamic Finance, 7 (1). pp. 1-8. ISSN 2289-2109 E-ISSN 2289-2117 http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/227
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB126.4 Islamic Economics HG3368 Islamic Banking and Finance
spellingShingle	HB126.4 Islamic Economics HG3368 Islamic Banking and Finance Wan Jusoh, Wan Noor Hazlina Ibrahim, Uzaimah The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view
description	Corporate social responsibility disclosure (CSRD) is imperative for an institution as it assists decision makers in making economic decisions. However, for Islamic institutions like Islamic banks, these objectives are secondary. For Islamic banks, to show their compliance with Shari’ah is the main objective of their CSRD that overrules other objectives. Nevertheless, there is no special framework on corporate social responsibility (CSR) for Islamic financial institutions in Malaysia especially Islamic banks thus far to guide them on what should be disclosed in their annual reports although Malaysia is one of the leading global hub for Islamic finance. Hence, the purpose of this study is to determine the significance of CSRD to Islamic banks in Malaysia from an Islamic view. This study is based on primary Shari’ah sources i.e. al-Qur’an and al-Sunnah, and secondary Shari’ah sources. It was found that, it is obligatory for all Islamic banks in Malaysia to disclose their CSR activities and initiatives through a right and common platform, which is CSRD. Therefore, a special CSR framework is required to guide Islamic banks in Malaysia disclose their CSR activities or initiatives systematically and perfectly
format	Article
author	Wan Jusoh, Wan Noor Hazlina Ibrahim, Uzaimah
author_facet	Wan Jusoh, Wan Noor Hazlina Ibrahim, Uzaimah
author_sort	Wan Jusoh, Wan Noor Hazlina
title	The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view
title_short	The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view
title_full	The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view
title_fullStr	The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view
title_full_unstemmed	The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view
title_sort	significance of corporate social responsibility disclosure to islamic banks in malaysia: an islamic view
publisher	IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM).
publishDate	2018
url	http://irep.iium.edu.my/54982/ http://irep.iium.edu.my/54982/ http://irep.iium.edu.my/54982/1/54982_The%20Significance%20of%20Corporate%20Social%20Responsibility.pdf
first_indexed	2023-09-18T21:17:44Z
last_indexed	2023-09-18T21:17:44Z
_version_	1777411675064893440

The significance of corporate social responsibility disclosure to Islamic banks in Malaysia: an Islamic view

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