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Islamic banking and income inequality: the role of corporate social responsibility

The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR) enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic Cooperation (OIC) countries. Both fixed-effect and random-effect mo...

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Main Authors: Nurul Muna Mohamad,, Tajul Ariffin Masron,, Risna Wijayanti,, Muslimah Mohd Jamil,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2020
Online Access:http://journalarticle.ukm.my/16873/1/jeko_54%282%29-7.pdf
http://journalarticle.ukm.my/16873/
https://www.ukm.my/fep/jem/content/2020-2.html
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spelling my-ukm.journal.168732021-06-24T16:24:12Z http://journalarticle.ukm.my/16873/ Islamic banking and income inequality: the role of corporate social responsibility Nurul Muna Mohamad, Tajul Ariffin Masron, Risna Wijayanti, Muslimah Mohd Jamil, The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR) enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic Cooperation (OIC) countries. Both fixed-effect and random-effect models representing static model as well as generalized method of moments approach of dynamic model are employed to estimate the sample of 24 OIC countries for the period from 2006 to 2013. The results suggest that Islamic banking has potential to reduce income inequality via Islamic financing and CSR further helps to reduce income inequality. In addition, the findings suggest that Islamic financial institutions able to reduce income inequality further if they actively engage in CSR. However, small size of CSR activities is unlikely to be effective in reducing income inequality. Penerbit Universiti Kebangsaan Malaysia 2020 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/16873/1/jeko_54%282%29-7.pdf Nurul Muna Mohamad, and Tajul Ariffin Masron, and Risna Wijayanti, and Muslimah Mohd Jamil, (2020) Islamic banking and income inequality: the role of corporate social responsibility. Jurnal Ekonomi Malaysia, 54 (2). pp. 77-90. ISSN 0127-1962 https://www.ukm.my/fep/jem/content/2020-2.html
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR) enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic Cooperation (OIC) countries. Both fixed-effect and random-effect models representing static model as well as generalized method of moments approach of dynamic model are employed to estimate the sample of 24 OIC countries for the period from 2006 to 2013. The results suggest that Islamic banking has potential to reduce income inequality via Islamic financing and CSR further helps to reduce income inequality. In addition, the findings suggest that Islamic financial institutions able to reduce income inequality further if they actively engage in CSR. However, small size of CSR activities is unlikely to be effective in reducing income inequality.
format Article
author Nurul Muna Mohamad,
Tajul Ariffin Masron,
Risna Wijayanti,
Muslimah Mohd Jamil,
spellingShingle Nurul Muna Mohamad,
Tajul Ariffin Masron,
Risna Wijayanti,
Muslimah Mohd Jamil,
Islamic banking and income inequality: the role of corporate social responsibility
author_facet Nurul Muna Mohamad,
Tajul Ariffin Masron,
Risna Wijayanti,
Muslimah Mohd Jamil,
author_sort Nurul Muna Mohamad,
title Islamic banking and income inequality: the role of corporate social responsibility
title_short Islamic banking and income inequality: the role of corporate social responsibility
title_full Islamic banking and income inequality: the role of corporate social responsibility
title_fullStr Islamic banking and income inequality: the role of corporate social responsibility
title_full_unstemmed Islamic banking and income inequality: the role of corporate social responsibility
title_sort islamic banking and income inequality: the role of corporate social responsibility
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2020
url http://journalarticle.ukm.my/16873/1/jeko_54%282%29-7.pdf
http://journalarticle.ukm.my/16873/
https://www.ukm.my/fep/jem/content/2020-2.html
_version_ 1703961602359820288
score 13.211869

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