TY - JOUR
T1 - Social responsibility reporting of Islamic banks
T2 - Evidence from Indonesia
AU - Darus, Faizah
AU - Fauzi, Hasan
AU - Purwanto, Yadi
AU - Yusoff, Haslinda
AU - Amran, Azlan
AU - Zain, Mustaffa Mohamed
AU - Naim, Dayang Milianna Abang
AU - Nejati, Mehran
N1 - Publisher Copyright:
Copyright © 2014 Inderscience Enterprises Ltd.
PY - 2014/1/1
Y1 - 2014/1/1
N2 - 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'.
AB - 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'.
KW - Annual reports
KW - Indonesia
KW - Islamic banks
KW - Social reporting
KW - Social responsibility
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U2 - 10.1504/IJBGE.2014.066275
DO - 10.1504/IJBGE.2014.066275
M3 - Article
AN - SCOPUS:84918568889
SN - 1477-9048
VL - 9
SP - 356
EP - 380
JO - International Journal of Business Governance and Ethics
JF - International Journal of Business Governance and Ethics
IS - 4
ER -