Islamic banking and income inequality: the role of corporate social responsibility. Jurnal Ekonomi Malaysia, 54 (2). pp. 77-90. ISSN 0127-1962 (2020)
Abstract
The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR) enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic Cooperation (OIC) countries. Both fixed-effect and random-effect models representing static model as well as generalized method of moments approach of dynamic model are employed to estimate the sample of 24 OIC countries for the period from 2006 to 2013. The results suggest that Islamic banking has potential to reduce income inequality via Islamic financing and CSR further helps to reduce income inequality. In addition, the findings suggest that Islamic f inancial institutions able to reduce income inequality further if they actively engage in CSR. However, small size of CSR activities is unlikely to be effective in reducing income inequality..
| Item Type: | Article |
|---|---|
| Keywords: | Islamic Banking, 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: | 28 Jun 2024 06:17 |
| Last Modified: | 28 Jun 2024 06:17 |
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