Research on Islamic corporate social responsibility and Islamic bank disclosures

ABSTRACT

Sustainable development and corporate social responsibility (CSR) are becoming more prominent in Islamic finance, which is characterized by financial and economic models based on ethical principles and values. Previous research has examined various determinants of Islamic CSR disclosure, but only a few of those studies are based on corporate governance mechanism. Thus, the purpose of this paper is to review previous research and fill gaps using a literature review approach. It analyzes the determinants of Islamic CSR disclosure based on previous findings, then categorizes them into: (1) board structure, (2) ownership structure, (3) CEO power, and (4) shariah governance. The study seeks to offer further knowledge about Islamic CSR, and thus contribute fresh insights to academics, Islamic bank company managers, and governments.

KEYWORDS:

• Corporate governance mechanism
• Islamic CSR disclosure
• Islamic banking

Disclosure statement

No potential conflict of interest was reported by the author(s).

Correction Statement

This article has been republished with minor changes. These changes do not impact the academic content of the article.