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Relationship Between Board Independence And Csr Spending Of Islamic Banks In Bangladesh

Author

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  • Umar Habibu Umar

    (Universiti Brunei Darussalam, Brunei Darussalam)

Abstract

This study examines the relationship between board independence and CSR expenditures on education, health and human and disaster relief for the case of Islamic banks in Bangladesh, using unbalanced panel data from 2010 to 2020, the results indicate that board independence is positively and significantly associated with CSR expenditures on education and human and disaster relief sectors but is insignificantly related to the CSR expenditure on health. Thus, in forming the governance framework of Islamic banks, there is a need to have board independence to promote the social responsibility of Islamic banks. Indeed, our results suggest that it should be a regulatory requirement.

Suggested Citation

  • Umar Habibu Umar, 2022. "Relationship Between Board Independence And Csr Spending Of Islamic Banks In Bangladesh," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 8(2), pages 201-218, May.
    • Handle: RePEc:idn:jimfjn:v:8:y:2022:i:2c:p:201-218
    DOI: https://doi.org/10.21098/jimf.v8i2.1451
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    Citations

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    Cited by:

    1. Umar Habibu Umar & Muhamad Abduh & Mohd Hairul Azrin Besar, 2023. "Standalone risk management committee, risk governance diversity and Islamic bank risk-taking," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-23, September.
    2. Dr. Md. Jahangir Alam, 2024. "Philanthropy in Promoting Education in Bangladesh: A Perspective of Danobir Dr. Syed Ragib Ali," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3s), pages 1413-1435, March.

    More about this item

    Keywords

    CSR expenditures; Board independence; Islamic banks; COVID-19 pandemic; Bangladesh;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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