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Bank's justice in CSR disclosure practices: does the religion of Islam matter?

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posted on 29.03.2022, 01:14 by Kanwal Javed
Using content analysis, this study aims to empirically investigate the extent to which Islamic banks and Islamic Windows practice corporate social reporting (CSR) disclosure implied by Shari'ah principles from an Islamic society's perspective. Islamic banks are independent banks founded on Shari'ah principles and offer Islamic products and services, while Islamic Windows are a separate department of conventional banks providing Islamic products and services to society due to increased worldwide demand. Specifically, the study compares the extent of these disclosure practices between Islamic banks and Islamic Windows. It further compares the extent of CSR disclosure practices in a cross-cultural context between Islamic banks in Pakistan and conventional banks in Australia to identify whether Islam influences CSR disclosure practices of Islamic banks. CSR disclosures are measured using Ethical Identity Index (EII) and consider only disclosed information in annual reports rather than other reporting instruments. By incorporating Neo-institutional theory (NIT), this study provides insights into whether Islamic banks are seeking legitimacy through CSR disclosure practices in a country where Islamic ethical values as informal institutions have a significant influence on operational activities. The findings suggest that Islamic Windows are disclosing less compared to Islamic banks regarding social and ethical issues, which may risk their corporate and ethical reputation. Moreover, the results reveal that Islamic banks are not communicating any more CSR information than conventional banks, suggesting that Islam does not influence their business practices. The results will assist in understanding disclosure practices by Islamic banks and Islamic Windows in a distinctive social-cultural context where Islam is the dominant religion and influences CSR disclosure practices.

History

Table of Contents

Chapter One. Introduction -- Chapter Two. Literature review, theoretical framework and hypotheses development -- Chapter Three. Methodology -- Chapter Four. Results and discussions -- Chapter Five. Conclusion, implications, contributions, limitations and future research -- References -- Appendix.

Notes

Empirical thesis. Bibliography: pages 55-62

Awarding Institution

Macquarie University

Degree Type

Thesis MRes

Degree

MRes, Macquarie University, Faculty of Business and Economics, Department of Accounting and Corporate Governance

Department, Centre or School

Department of Accounting and Corporate Governance

Year of Award

2017

Principal Supervisor

Rajni Mala

Additional Supervisor 1

Amy Tung

Rights

Copyright Kanwal Javed 2017. Copyright disclaimer: http://mq.edu.au/library/copyright

Language

English

Jurisdiction

Australia Pakistan

Extent

1 online resource (73 pages) tables

Former Identifiers

mq:71213 http://hdl.handle.net/1959.14/1272015