i-CSR General Practice Framework for Islamic Banks

Fauzi, Hasan and Hananto, Santoso Tri (2012) i-CSR General Practice Framework for Islamic Banks. .

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    Abstract

    The main objective of the study is to develop an i-CSR General Practice Framework for Islamic banks based on the Maqasid al-Shariah principles. To achieve the main objectives, the following are the specific objectives of the study: to examine the current CSR practices of Islamic banks operating in Malaysia and Indonesia, to draw inferences from the results on the current CSR practices of Islamic banks in Malaysia and Indonesia and to develop an i-CSR General Practice, and to empirically test the applicability of i-CSR General Practice Framework on Islamic banks in Malaysia and Indonesia. The process of data collection for the study will be carried in 4 Phases as follows: Phase 1- Preliminary investigation to identify gaps in the CSR practices as viewed from Islamic perspectives, Phase 2 - The development of i-CSR General Practice Framework based on Maqasid al-Shariah principles, Phase 3 - Operationalisation of i-CSR general practice framework (development of i-CSR general practice index), and phase 4 - Finalizing the development of i-CSR General Practice Framework. The Outcomes of the Project is to develop an i-CSR General Practice Framework for Islamic banks based on Maqasid al-Shariah and an i-CSR index to facilitate its implementation by Islamic banks. The current CSR practice in Indonesia Islamic banks and Malaysian Islamic bank has little bit different focus. An i-CSR General Practice Framework for Islamic banks has been developed named i-CGA framework. In terms of the contents, the framework has got confirmed by shariah expert and Shariah officers. This issue is not different from the two countries. The applicability of the formulated i-CGA framework is little bit different between Indonesia and Malaysia. The difference of the applicability in two countries is caused by structural factors: state constitutional, ulema council position, and policy of Stock Exchange toward social and environmental issue in formal company reporting. The applicability of i-CGA framework in Indonesia is lower than the one in Malaysia. In general, the practice of CSR in Indonesia can be implicitly said to be lower than the one in Malaysia.

    Item Type: Article
    Subjects: H Social Sciences > HB Economic Theory
    Divisions: Fakultas Ekonomi
    Depositing User: Lynda Rahmawati
    Date Deposited: 17 Apr 2014 21:51
    Last Modified: 17 Apr 2014 21:51
    URI: https://eprints.uns.ac.id/id/eprint/11792

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