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This Author published in this journals
All Journal Ihtifaz: Journal of Islamic Economics, Finance, and Banking
Shahbaz Alam
INCEIF (International Centre for Education in Islamic Finance)
Economics, Econometrics & Finance Social Sciences

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CSR Contribution to Socio-Economic Development: Evidence from Indonesian Islamic Banks Aishath Muneeza; Aminudin Ma'ruf; Shahbaz Alam
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol. 3 No. 1 (2020)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/ijiefb.v3i1.949

Abstract

Islamic banks play a significant role in social and environmental responsibility. It is known that Islamic finance is not merely profit-oriented but also looking at the prosperity of the society, as an ethical financial system Islamic finance give a massive contribution towards social responsibility. This exploratory study examines the relations between corporate social responsibility (CSR) practices of Indonesian Islamic banks and socio-economic development. The evidence presented is based on the published annual reports of 13 Islamic commercial banks in 2017. The findings of this research suggests that CSR is a priority of Indonesian Islamic banks and has correlation to the socio-economic development. Furthermore, the findings suggest that the robust guiding principles on CSR need to be developed and it has potential of Islamic banks credibility and profitability.
Co-Authors Aishath Muneeza Aminudin Ma'ruf