Corporate social responsibility of Islamic banks in Malaysia: a synthesis of Islamic and stakeholders' perspectives. Degree thesis, Loughborough University. (2005)
Abstract
The doctrine of Corporate Social Responsibility (CSR) has emerged and developed rapidly as a field of study. It is a framework for the role of business in society, setting standards of behaviour to which a company must subscribe to impact society in a positive and a productive manner at the same time as abiding by values which exclude profit seeking at any cost. The emergence of ethical investment, social enterprise, business ethics, environmental practices, a human rights approach to recruitment and employment conditions, and investment in the community are examples of such
impacts. This research examines the Islamic perspectives of CSR, and argues that, CSR is not a subject alien to Islam, as it is deeply inscribed in Shari'ah. In particular, the thesis has
showed the relevance of CSR as a globally accepted practice to Islamic banks. The Islamic banking system has an in-built dimension that promotes social responsibility, as it resides within a financial trajectory underpinned by the forces of Shari'ah injunctions. These Shari'ah injunctions interweave Islamic financial transactions with genuine concern for ethically and socially responsible activities at the same time as
prohibiting involvement in illegal activities or those which are detrimental to social and environmental well-being.
| Item Type: | Thesis (Degree) |
|---|---|
| Keywords: | Islamic Banking, Islamic finance, Corporate Social Responsibility |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 31 Mar 2024 18:10 |
| Last Modified: | 31 Mar 2024 18:10 |
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