Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
Purpose – The purpose of this paper is to investigate the effectiveness of Islamic banks’ corporate social responsibility (CSR) using data collected from stakeholders in Malaysia. While Islamic scholars have developed the Islamic CSR from the Qur’anic verses, the Sunnah of the Prophet (SAW) and fr...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
Emerald Group Publishing Ltd.
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/64056/ http://irep.iium.edu.my/64056/ http://irep.iium.edu.my/64056/ http://irep.iium.edu.my/64056/1/64056_Are%20Malaysian%20Islamic%20banks_article.pdf http://irep.iium.edu.my/64056/2/64056_Are%20Malaysian%20Islamic%20banks_scopus.pdf |
| Summary: | Purpose – The purpose of this paper is to investigate the effectiveness of Islamic banks’ corporate social
responsibility (CSR) using data collected from stakeholders in Malaysia. While Islamic scholars have
developed the Islamic CSR from the Qur’anic verses, the Sunnah of the Prophet (SAW) and from the western
ideologies, the focus of this paper is to assess the effectiveness of the developed Islamic CSR practices.
Design/methodology/approach – Quantitative research design was adopted for this study. Exploratory
factor analysis, confirmatory factor analysis, and other analyses are performed on the data collected from
193 stakeholders in Malaysia.
Findings – Based on the data collected and analyzed, the results show that stakeholders view the Malaysian
Islamic banks’ CSRs as effective.
Research limitations/implications – This study investigates the effectiveness of Malaysian Islamic
banks’ CSR based on the survey data collected. However, future studies could explore this in greater depth
using mixed methods.
Practical implications – The research findings have great implications for researchers. Since this study is
among the few research studies that investigate the effectiveness of Islamic CSR, the researchers have paved
ways for further investigation in this area. In addition, the study encourages the Malaysian Islamic banks and
other Islamic financial institutions to contribute more to the society.
Originality/value – The study examines the effectiveness of Islamic banks’ CSR and contributes to the
growing discussions on the Islamic CSR. The study has opened up this area for further investigations by
other researchers |
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