Recent Development of Islamic Corporate Social Responsibility

Rini Setyaningsih, Doddy Setiawan

Abstract


This study aims to review the development of research related to Islamic corporate social responsibility in well-known international journals such as the past ten years. The research review based on 42 articles. The 40 articles in international journals, and two articles in nationally accredited journals from 2009 until 2018. The analysis technique used in this study is charting the field method. This study classifies sample articles based on topics, variables, and research methods. The results of the review indicate that the majority of researchers discuss topics other than antecedents, and the consequences are 29 articles, of which 7 of them specifically discuss the measurement of Islamic corporate social responsibility. The antecedent variable dominated by company size and SSB size that calculates for each of 3 articles and the most discussed consequence variable is the financial performance of 3 articles, while the most dominant method used by researchers is an analytical method that counts 18 articles.

JEL Classification: G21, M41


Keywords


csr; Islamic bank; Islamic financial institution; social responsibility

References


Alfakhri, Y., Nurunnabi, M., & Alfakhri, D. (2018a). A Citation Analysis of Corporate Social Responsibility (1970-2014): Insights from Islamic Perspective. Journal of Islamic Marketing, 9(3), 621–654. https://doi.org/10.1108/JIMA-09-2017-0092.

Alfakhri, Y., Nurunnabi, M., & Alfakhri, D. (2018b). Young Saudi Consumers and Corporate Social Responsibility: an Islamic "CSR Tree" Model. International Journal of Social Economics, 45(12), 1570–1589. https://doi.org/10.1108/IJSE-09-2017-0395.

Alsaadi, A., Ebrahim, M. S., & Jaafar, A. (2017). Corporate Social Responsibility, Shariah-Compliance, and Earnings Quality. Journal of Financial Services Research, 51(2), 169–194. https://doi.org/10.1007/s10693-016-0263-0.

Amran, A., Fauzi, H., Purwanto, Y., Darus, F., Yusoff, H., Zain, M. M., & Nejati, M. (2017). Social Responsibility Disclosure in Islamic Banks: a Comparative Study of Indonesia and Malaysia. Journal of Financial Reporting and Accounting, 15(1), 99–115. https://doi.org/10.1108/JFRA-01-2015-0016.

Aribi, Z. A., & Arun, T. (2015). Corporate Social Responsibility and Islamic Financial Institutions (IFIs): Management Perceptions from IFIs in Bahrain. Journal of Business Ethics, 129(4), 785–794. https://doi.org/10.1007/s10551-014-2132-9.

Aribi, Z. A., & Gao, S. (2010). Corporate Social Responsibility Disclosure. Journal of Financial Reporting and Accounting, 8(2), 72–91. https://doi.org/10.1108/19852511011088352.

Aribi, Z. A., & Gao, S. S. (2011). Narrative disclosure of corporate social responsibility in Islamic financial institutions. Managerial Auditing Journal, 27(2), 199–222.

Belal, A. R., Abdelsalam, O., & Nizamee, S. S. (2015). Ethical Reporting in Islami Bank Bangladesh Limited (1983–2010). Journal of Business Ethics, 129(4), 769–784. https://doi.org/10.1007/s10551-014-2133-8.

Bennett, M. S., & Iqbal, Z. (2013). How Socially Responsible Investing Can Help Bridge the Gap between Islamic and Conventional Financial Markets. International Journal of Islamic and Middle Eastern Finance and Management, 6(3), 211–225. https://doi.org/10.1108/IMEFM-Aug-2012-0078.

Cebeci, I. (2012). Integrating the Social Maslaha into Islamic Finance. Accounting Research Journal, 25(3), 166–184. https://doi.org/10.1108/10309611211290158.

Darrag, M., & E-Bassiouny, N. (2013). An introspect into the Islamic roots of CSR in the Middle East: the case of Savola Group in Egypt. Social Responsibility Journal, 9(3), 362–378. https://doi.org/10.1108/SRJ-10-2011-0096.

Darus, F., Shukri, N. H. A., Yusoff, H., Ramli, A., Zain, M. M., & Bakar, N. A. A. (2017). Empowering social responsibility of Islamic organizations through Waqf. Research in International Business and Finance, 42, 959–965. https://doi.org/10.1016/ j.ribaf.2017.07.030.

Dewi, A. C., Fitriana, A., & Setiawan, D. (2018). Perkembangan Penelitian di Bidang Pengungkapan di Indonesia: Telaah Konseptual (Research developments in the Field of Disclosure in Indonesia: Conceptual Study). Jurnal Siasat Bisnis, 22(1), 1-19. https://doi.org/10.20885/jsb.vol22.iss1.art1.

Di Bella, V., & Al-Fayoumi, N. (2016). Perception of Stakeholders on Corporate Social Responsibility of Islamic Banks in Jordan. EuroMed Journal of Business, 11(1), 30–56. https://doi.org/10.1108/EMJB-01-2015-0003.

El-Halaby, S., & Hussainey, K. (2016). Determinants of Compliance with AAOIFI Standards by Islamic Banks. International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 143–168. https://doi.org/10.1108/IMEFM-06-2015-0074.

Farook, S., Kabir Hassan, M., & Lanis, R. (2011). Determinants of Corporate Social Responsibility Disclosure: The Case of Islamic Banks. Journal of Islamic Accounting and Business Research, 2(2), 114–141. https://doi.org/10.1108/17590811111170539.

Goby, V. P., & Nickerson, C. (2016). Conceptualization of CSR among Muslim Consumers in Dubai: Evolving from Philanthropy to Ethical and Economic Orientations. Journal of Business Ethics, 136(1), 167–179. https://doi.org/10.1007/s10551- 014-2521-0.

Hassan, A., & Latiff, H. S. B. A. (2009). Corporate Social Responsibility of Islamic Financial Institutions and Businesses: Optimizing Charity Value. Humanomics, 25(3), 177–188. https://doi.org/10.1108/08288660910986900.

Hassan, A., & Harahap, S. S. (2010). Exploring Corporate Social Responsibility Disclosure: the Case of Islamic Banks. International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 203–227. https://doi.org/10.1108/17538391011072417.

Hesford, J. W., Lee, S.-H. S., Van der Stede, W. A., & Young, S. M. (2006). Management Accounting: a Bibliographic Study. Handbooks of Management Accounting Research, 1, 3–26. https://doi.org/10.1016/S1751-3243(06)01001-7.

Ismaeel, M., & Blaim, K. (2012). Toward Applied Islamic Business Ethics: Responsible Halal Business. Journal of Management Development, 31(10), 1090–1100. https://doi.org/10.1108/02621711211281889.

Jaiyeoba, H. B., Adewale, A. A., & Quadry, M. O. (2018). Are Malaysian Islamic Banks' Corporate Social Responsibilities Effective? A stakeholders' View. International Journal of Bank Marketing, 36(1), 111–125. https://doi.org/10.1108/IJBM-10-2016- 0146

Kamla, R., & G. Rammal, H. (2013). Social reporting by Islamic banks: Does Social Justice Matter? Accounting, Auditing & Accountability Journal, 26(6), 911–945. https://doi.org/10.1108/AAAJ-03-2013-1268.

Khurshid, M. A., Al-Aali, A., Soliman, A. A., & Amin, S. M. (2014). Developing an Islamic Corporate Social Responsibility Model (ICSR). Competitiveness Review, 24(4), 258–274. https://doi.org/10.1108/CR-01-2013-0004.

Koku, P. S., & Savas, S. (2014). On Corporate Social Responsibility and Islamic Marketing. Journal of Islamic Marketing, 5(1), 33–48. https://doi.org/10.1108/JIMA-04-2013- 0028.

Mallin, C., Farag, H., & Ow-Yong, K. (2014). Corporate Social Responsibility and Financial Performance in Islamic Banks. Journal of Economic Behavior & Organization, 103(Supplement), S21–S38. https://doi.org/10.1016/j.jebo.2014.03.001.

Migdad, A. M. (2017). CSR Practices of Palestinian Islamic Banks: Contribution to Socio-economic Development. ISRA International Journal of Islamic Finance, 9(2), 133–147. https://doi.org/10.1108/IJIF-06-2017-0001.

Mostafa, R. B., & ElSahn, F. (2016). Exploring the Mechanism of Consumer Responses to CSR Activities of Islamic Banks: the Mediating Role of Islamic Ethics Fit. International Journal of Bank Marketing, 34(6), 940–962. https://doi.org/10.1108/ IJBM-11-2015-0179.

Murphy, M. J., MacDonald, J. B., Antoine, G. E., & Smolarski, J. M. (2019). Exploring Muslim Attitudes towards Corporate Social Responsibility: are Saudi Business Students Different? Journal of Business Ethics, 154(4), 1103-1118. https://doi.org/10.1007/s10551-016-3383-4.

Neifar, S., & Jarboui, A. (2018). Corporate Governance and Operational Risk Voluntary Disclosure: Evidence from Islamic Banks. Research in International Business and Finance, 46, 43–54. https://doi.org/10.1016/j.ribaf.2017.09.006.

Nobanee, H., & Ellili, N. (2016). Corporate Sustainability Disclosure in Annual Reports: Evidence from UAE Banks: Islamic versus Conventional. Renewable and Sustainable Energy Reviews, 55, 1336–1341. https://doi.org/10.1016/j.rser.2015.07.084.

Platonova, E., Asutay, M., Dixon, R., & Mohammad, S. (2018). The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector. Journal of Business Ethics, 151(2), 451–471. https://doi.org/10.1007/s10551-016-3229-0.

Rashid, M., Abdeljawad, I., Manisah Ngalim, S., & Kabir Hassan, M. (2013). Customer-centric Corporate Social Responsibility: A Framework for Islamic Banks on Ethical Efficiency. Management Research Review, 36(4), 359–378. https://doi.org/10.1108/01409171311314978.

Said, R., Abd Samad, K., Mohd Sidek, N. Z., Ilias, N. F., & Omar, N. (2018). Corporate Social Responsibility Disclosure Index of Malaysian Shariah–Compliant Companies. International Journal of Ethics and Systems, 34(1), 55–69. https://doi.org/10.1108/ IJOES-09-2016-0068.

Sairally, B. S. (2013). Evaluating the Corporate Social Performance of Islamic Financial Institutions: an Empirical Study. International Journal of Islamic and Middle Eastern Finance and Management, 6(3), 238–260. https://doi.org/10.1108/IMEFM-02-2013- 0026.

Siwar, C., & Hossain, T. (2009). An Analysis of Islamic CSR Concept and the Opinions of Malaysian Managers. Management of Environmental Quality: An International Journal, 20(3), 290–298. https://doi.org/10.1108/14777830910950685.

Sunarsih, U., & Nurhikmah, N. (2017). Determinant of The Corporate Social Responsibility Disclosure. Etikonomi, 16(2), 161–172. https://doi.org/10.15408/etk.v16i2.5236.

Ullah, S., Jamali, D., & Harwood, I. A. (2014). Socially Responsible Investment: Insights from Shari’a Departments in Islamic Financial Institutions. Business Ethics: A European Review, 23(2), 218–233. https://doi.org/10.1111/beer.12045.

Williams, G., & Zinkin, J. (2010). Islam and CSR: A Study of the Compatibility between the Tenets of Islam and the UN Global Compact. Journal of Business Ethics, 91(4), 519–533. https://doi.org/10.1007/s10551-009-0097-x.

Wulandari, S. (2016). The Impact of Corporate Social Responsibility on Accrual Earnings Management and Real Earnings Management. Etikonomi, 15(1), 63–74. https://doi.org/10.15408/etk.v15i1.3116.

Yusof, M., Mohd Nor, L., & Hoopes, J. E. (2014). Virtuous CSR: an Islamic Family Business in Malaysia. Journal of Family Business Management, 4(2), 133–148. https://doi.org/10.1108/JFBM-07-2013-0016.

Zafar, M. B., & Sulaiman, A. A. (2019). Corporate Social Responsibility and Islamic Banks: a Systematic Literature Review. Management Review Quarterly, 69(2), 159-206. https://doi.org/10.1007/s11301-018-150-x.

Zaki, A., Sholihin, M., & Barokah, Z. (2014). The Association of Islamic Bank ethical identity and financial performance: evidence from Asia. Asian Journal of Business Ethics, 3(2), 97–110. https://doi.org/10.1007/s13520-014-0034-7.

Zaman, R., Roudaki, J., & Nadeem, M. (2018). Religiosity and Corporate Social Responsibility Practices: Evidence from an Emerging Economy. Social Responsibility Journal, 14(2), 368–395. https://doi.org/10.1108/SRJ-10-2017-0204.


Full Text: PDF

DOI: 10.15408/etk.v18i2.10807

Refbacks

  • There are currently no refbacks.




Copyright (c) 2019 ETIKONOMI