Corporate social responsibility contribution to socio-economic development: evidence from Indonesian Islamic banks
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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.
Corporate social responsibility , Socio-economic development , Indonesian Islamic banks
Ma'ruf, Aminudin and Alam, Shahbaz and Muneeza, Aishath. (2020). Corporate social responsibility contribution to socio-economic development: evidence from Indonesian Islamic banks. Journal of Islamic Economics, Finance, and Banking, 3 (1), pp. 13-25.
Universitas Ahmad Dahlan