CSR and sustainability of Islamic Banking

The bankers view

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

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.

Original languageEnglish
JournalJurnal Pengurusan
Volume45
Publication statusPublished - 2015

Fingerprint

Bankers
Islamic banking
Corporate Social Responsibility
Social sustainability
Banking
Sustainable development
Islamic financial institutions
Socio-economic impact
Muslims
Social responsibility
Resilience
Thematic analysis
Structured interview
Malaysia
Competitive market

Keywords

  • CSR
  • Islamic banking
  • Social banking
  • Sustainable development

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Accounting
  • Business and International Management

Cite this

CSR and sustainability of Islamic Banking : The bankers view. / Mohd Nor, Shifa; Hashim, Noor Azuan.

In: Jurnal Pengurusan, Vol. 45, 2015.

Research output: Contribution to journalArticle

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