The Role of Private Commercial Bank in Corporate Social Responsibility with Reference to Islami Bank Bangladesh Limited

Abstract

This paper aims at exploring how sharia-based financial institution like IBBL performs corporate social responsibilities in Bangladesh in contrast with conventional banking systems. In the era of globalization, to meet the subsequent monetary crisis, IBBL addresses the social and monetary concerns by undertaking programs along with humanitarian & catastrophe relief, education, health, sport, arts & culture to benefit the society. The study reveals a total of 3528 million Taka as CSR expenses by means of examining IBBL five years' annual reports (2013-2017), which addresses the absolute best growth rate in the area of humanitarian (47%), education (29%) and health issues (12%) respectively. It yields a sluggish growth in other sectors in where further investment is pretty recommended for the social welfare of the underprivileged region. By doing this paper, researchers have also suggested some inevitable measures so that pinnacle administration and the government take an ideal guideline to ensure the sustainable development of the country as a whole.

Corporate social responsibility (CSR) practices in Islamic banks of Bangladesh

“…Several studies (Hadfield-Hill, 2014; Perez and Del Bosque, 2015; Fatma and Rahman, 2016) globally argued that the CSR activities in banks give emphasize the perception of beneficiaries for focusing on the functional values. Some studies (Ullah and Rahman, 2015; Ali and Rahman, 2015; Miah et al , 2019) have identified the impacts of CSR activities of banks based on the information of annual reports. Again, other studies have revealed CSR impacts of Banks based on different perspectives like expenditure for community development and services (Umar and Musa, 2020), the attitude of employees (Rahman et al , 2016) and the perception of employees and clients (Rana, 2015).…”