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Social responsibility reporting of Islamic banks: evidence from Indonesia

Author

Listed:
  • Faizah Darus
  • Hasan Fauzi
  • Yadi Purwanto
  • Haslinda Yusoff
  • Azlan Amran
  • Mustaffa Mohamed Zain
  • Dayang Milianna Abang Naim
  • Mehran Nejati

Abstract

There is a growing global interest in social responsibility and sustainability across all sectors. Other than economic performance, stakeholders are now also concerned about the social and environmental impacts of corporations. Additionally, stakeholders are obtaining a higher salience level and expect organisations to operate sustainably. The banking sector has not been an exception, as banks can have significant impact on their customers, employees, and society in various ways. Given the intertwined links of Islam and ethical principles, it is expected that Islamic banks will show a high level of commitment towards social responsibility (SR) and ethical practices. The current study investigates this issue by examining the annual reports of three fully-fledged Islamic commercial banks in Indonesia over the period of 2007 to 2011. It was found that only two of the investigated banks had continuous improvement in their SR disclosure. Additionally, it was revealed that the highest disclosures have been for 'corporate vision' and 'board of directors and top management', while the lowest disclosures were evident for 'environment' and 'product, services and fair dealing with supply chain'.

Suggested Citation

  • Faizah Darus & Hasan Fauzi & Yadi Purwanto & Haslinda Yusoff & Azlan Amran & Mustaffa Mohamed Zain & Dayang Milianna Abang Naim & Mehran Nejati, 2014. "Social responsibility reporting of Islamic banks: evidence from Indonesia," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 9(4), pages 356-380.
    • Handle: RePEc:ids:ijbget:v:9:y:2014:i:4:p:356-380
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    Citations

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    Cited by:

    1. Faizah Darus* & Hidayatul Izati Mohd Zuki & Haslinda Yusoff & Noraslinda Mat Aris, 2018. "Corporate Accountability in Disclosing Carbon Information: Evidence from a Developing Nation," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 984-994:5.
    2. Helen LaVan & Lori S. Cook & Ivana Zilic, 2021. "An analysis of the ethical frameworks and financial outcomes of corporate social responsibility and business press reporting of US pharmaceutical companies," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 15(3), pages 326-355.
    3. repec:arp:tjssrr:2019:p:117-127 is not listed on IDEAS
    4. Ahmed Imran Hunjra & Rashid Mehmood & Tahar Tayachi, 2020. "How Do Corporate Social Responsibility and Corporate Governance Affect Stock Price Crash Risk?," JRFM, MDPI, vol. 13(2), pages 1-15, February.

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