Guest editorial

Rashid, Mamunur; Paltrinieri, Andrea

doi:10.1108/imefm-06-2018-307

Cited by 1 publication

(1 citation statement)

References 12 publications

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“…Therefore, Islamic banks operations and governance must comply with both the existing regulatory framework and the Shariah, as opposed to their conventional counterparts which are not subject to those additional religious restrictions (Basah and Yusuf, 2013). In conclusion, Islamic finance has evolved from an alternative to conventional banks to a “demanding” financial system (Rashid and Paltrinieri, 2018) that provides financial services to a growing customer base in compliance with Islamic principles.…”

Section: The Concept Of Csr In Islamic and Conventional Banksmentioning

confidence: 99%

Corporate social responsibility of Islamic and conventional banks

Aracil

2019

IJOEM

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Purpose The purpose of this paper is to compare the sustainability practices of Islamic and conventional banks, with the aim of evaluating whether their Corporate Social Responsibility (CSR) strategies converge or diverge in response to formal and informal institutions in an emerging country. Design/methodology/approach Drawing on institutional theory, this study contextualizes the competitive scenario through the National Business System (NBS) framework, and showcases the CSR strategies employed by large conventional and Islamic banks in Turkey. CSR patterns are examined from different angles such as motivations, strategy, actions and institutional results. Findings Within the same institutional environment, Islamic and non-Islamic banks combine convergent and divergent models to accommodate institutional realities in their CSR policies. Islamic banks exhibit an implicit commitment to CSR that is mostly based on informal institutions, whereas conventional banks use explicit CSR strategies as a means to fill the voids in formal institutions. In addition, philanthropy-oriented CSR prevails in Islamic banks, as opposed to the CSR actions associated with core business that are followed by conventional banks. Social implications An increased focus on formal institutions and explicit CSR actions by Islamic banks may further contribute to social well-being in emerging countries. Originality/value This study contributes to the paucity of research, from an institutional perspective, related to CSR practices amongst Islamic and conventional banks in emerging countries.

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Section: The Concept Of Csr In Islamic and Conventional Banksmentioning

confidence: 99%

Corporate social responsibility of Islamic and conventional banks

Aracil

2019

IJOEM

View full text Add to dashboard Cite

show abstract

Guest editorial

Cited by 1 publication

References 12 publications

Corporate social responsibility of Islamic and conventional banks

Corporate social responsibility of Islamic and conventional banks

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