CSR and sustainability of Islamic banking: the bankers view
Islamic banking (IB) practices have spread throughout the World, not only in Muslim countries but also in the West. To sustain in the very competitive market, Islamic banking must be outstanding and resilience from other conventional banks. Hence sustainable banking theme is deemed to be relevant...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2015
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| Online Access: | http://journalarticle.ukm.my/9609/ http://journalarticle.ukm.my/9609/ http://journalarticle.ukm.my/9609/1/12181-33193-1-SM.pdf |
| Summary: | Islamic banking (IB) practices have spread throughout the World, not only in Muslim countries
but also in the West. To sustain in the very competitive market, Islamic banking must be
outstanding and resilience from other conventional banks. Hence sustainable banking theme is
deemed to be relevant to its operation by incorporating corporate social responsibility (CSR)
and sustainable development concepts. Little that we know about CSR and sustainable
development practices of Islamic banking from the managerial views. This paper attempts to
explore the social responsibility and sustainability dimension of Islamic banking in Malaysia
from the management insights. This is an inductive research employing semi-structured
interview survey of 11 important Islamic bankers holding various positions. Thematic analysis
approach was used to analyse data. The study reveals that Islamic banks are encouraged to
perform various CSR activities however activities leading to significant socioeconomic impact
are still lacking. Social banking may provide the answer. |
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