Narrative disclosure of corporate social responsibility in Islamic financial institutions

Zakaria Ali Aribi and Simon S. Gao

Managerial Auditing Journal, 2012, vol. 27, issue 2, 199-222

Abstract: Purpose - This study aims to examine the influence of Islam on corporate social responsibility (CSR) and corporate social responsibility disclosure (CSRD) in Islamic financial institutions (IFIs) with a focus on an analysis of narrative reporting. Design/methodology/approach - Using content analysis, this study analyzes the narrative disclosures of corporate social responsibility of 21 IFIs operating in the Gulf region. Findings - This study provides evidence of Islamic influence on the CSRD of IFIs. It finds that the largest part of CSRD produced by the IFIs is the disclosure of reports of theShari'aSupervisory Board. IFIs also disclose other Islamic information (e.g. “Zakah” and charity donation, and free interest loan) and report on their compliance with Islam along with information of philanthropy, employees and community. Originality/value - This study provides a valuable contribution to researchers and practitioners, as it extends the understanding of how the narrative disclosures on CSR were produced by IFIs and the influence of religion on CSRD.

Keywords: Islam; Financial institutions; Disclosure; Narratives; Narrative disclosure; Content analysis; Corporate social responsibility; Islamic financial institutions; Religion (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eme:majpps:02686901211189862

DOI: 10.1108/02686901211189862

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