An Islamic Perspective on CSR Initiatives and Sustainable Development of Islamic Banks in Egypt

Nada Said Awad Allah Selim

Chapter 10 in Islamic Accounting and Finance:A Handbook, 2023, pp 317-344 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Through a case study of three Egyptian Islamic banks, this study examines the concept of corporate social responsibility from an Islamic perspective, the role of Egyptian Islamic banks in social and environmental responsibility, and the extent to which they participate in sustainable development activities. The chapter provides a brief overview of the concept and dimensions of corporate social responsibility as well as the Islamic perspective of social responsibility and its fields and dimensions toward stakeholders, as well as the definition of Islamic banks, their nature, and how they support social activities and sustainability, and the differences between them and traditional banks. According to the report, Islamic banks in Egypt play an effective and pioneering role in sustainable development and social and environmental responsibility, as evidenced by the programs that these banks have established to participate in a variety of social projects and activities as health care, education, charity institution assistance, social housing, persons with special needs, Qard Hasan, the environment, and sustainability.

Keywords: Islamic Accounting; Islamic Finance; Islamic Banking; AAOIFI (search for similar items in EconPapers)
JEL-codes: G34 M41 (search for similar items in EconPapers)
Date: 2023
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