Corporate social responsibility practiced by the Malaysian islamic banks: A study on the Islamic moral economy

Shifa Mohd Nor, Mehmet Asutay, Syajarul Imna Mohd Amin

Research output: Contribution to journalArticle

Abstract

The purpose of this paper is to empirically investigate expectations of corporate social responsibility (CSR) among Islamic banks. This paper unravels the fundamental objectives of CSR and their relevance to Islamic moral economy. In addition, this paper aims to contest the accusations of social failures of Islamic banks by previous researches. In order to provide a comprehensive analysis of the CSR landscape among Malaysian Islamic banks, a triangulation of 11 in-depth interviews with Islamic banks officers and a self-administered questionnaire survey was conducted among 477 Islamic bankers and bank customers. The results show that awareness of CSR among Islamic banks is growing because it articulates the Islamic moral economy through the fulfilment of Shari’ah requirements. Hence, the Islamic CSR (iCSR) is established, integrating Western and Islamic perspectives.

Original languageEnglish
Pages (from-to)277-299
Number of pages23
JournalInternational Journal of Business and Management Science
Volume8
Issue number2
Publication statusPublished - 1 Jan 2018
Externally publishedYes

Fingerprint

Islamic financial institutions
Corporate Social Responsibility
Moral economy
Triangulation
In-depth interviews
Bankers
Contests
Questionnaire survey

Keywords

  • Corporate social responsibility
  • Islamic banks
  • Islamic moral economy

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

Cite this

Corporate social responsibility practiced by the Malaysian islamic banks : A study on the Islamic moral economy. / Mohd Nor, Shifa; Asutay, Mehmet; Mohd Amin, Syajarul Imna.

In: International Journal of Business and Management Science, Vol. 8, No. 2, 01.01.2018, p. 277-299.

Research output: Contribution to journalArticle

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