merged

CSR PRACTICES IN ISLAMIC FINANCIAL INSTITUTIONS IN MALAYSIA
Nur Fatiha Farhana binti Zamri
Supervisor: Dr. Siti Nurain binti Muhmad
Bachelor of Accounting
School of Maritime Business and Management
Corporate social responsibility (CSR) can be classified as one of Islamic philanthropy
instruments that emphasizes on the principle of "doing well by doing good" in practice.
As an organization, Islamic financial institutions are also bound by this concept. In
Malaysia, most of Islamic financial institutions practice CSR in their businesses. However,
some issues arise on the adoption of Islamic principles (Shariah) on the CSR practices as
well as the effective disclosure of CSR information by Islamic financial institutions.
Therefore, this proposed study aims to highlight the concept of CSR from Islamic
perspectives and to identify the important elements in the CSR disclosure that Islamic
financial institutions have to include. Using content analysis approach, annual reports for
the fiscal year 2017 of 16 Islamic banks operating in Malaysia will be analyzed to identify
the elements of CSR practices that have been disclosed. This proposed study is expected
to provide valuable insights that may encourage more participation from the Islamic
financial institutions in carrying out their social responsibility appropriately based on
Shariah principles as well as enable the Islamic banks’ practitioners to make
recommendations and improvements especially in performing CSR disclosures.
1514 | UMT UNDERGRADUATE RESEARCH DAY 2018