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Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view

Purpose – The purpose of this paper is to investigate the effectiveness of Islamic banks’ corporate social responsibility (CSR) using data collected from stakeholders in Malaysia. While Islamic scholars have developed the Islamic CSR from the Qur’anic verses, the Sunnah of the Prophet (SAW) and fr...

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Main Authors: Jaiyeoba, Haruna Babatunde, Adewale, Abideen Adeyemi, Quadry, Mahmud Oluwaseyi
Format: Article
Language:English
English
Published: Emerald Group Publishing Ltd. 2018
Subjects:
HG1501 Banking
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/64056/1/64056_Are%20Malaysian%20Islamic%20banks_article.pdf
http://irep.iium.edu.my/64056/2/64056_Are%20Malaysian%20Islamic%20banks_scopus.pdf
http://irep.iium.edu.my/64056/
https://www.emeraldinsight.com/doi/pdfplus/10.1108/IJBM-10-2016-0146
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spelling my.iium.irep.640562019-06-11T00:56:49Z http://irep.iium.edu.my/64056/ Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view Jaiyeoba, Haruna Babatunde Adewale, Abideen Adeyemi Quadry, Mahmud Oluwaseyi HG1501 Banking HG3368 Islamic Banking and Finance Purpose – The purpose of this paper is to investigate the effectiveness of Islamic banks’ corporate social responsibility (CSR) using data collected from stakeholders in Malaysia. While Islamic scholars have developed the Islamic CSR from the Qur’anic verses, the Sunnah of the Prophet (SAW) and from the western ideologies, the focus of this paper is to assess the effectiveness of the developed Islamic CSR practices. Design/methodology/approach – Quantitative research design was adopted for this study. Exploratory factor analysis, confirmatory factor analysis, and other analyses are performed on the data collected from 193 stakeholders in Malaysia. Findings – Based on the data collected and analyzed, the results show that stakeholders view the Malaysian Islamic banks’ CSRs as effective. Research limitations/implications – This study investigates the effectiveness of Malaysian Islamic banks’ CSR based on the survey data collected. However, future studies could explore this in greater depth using mixed methods. Practical implications – The research findings have great implications for researchers. Since this study is among the few research studies that investigate the effectiveness of Islamic CSR, the researchers have paved ways for further investigation in this area. In addition, the study encourages the Malaysian Islamic banks and other Islamic financial institutions to contribute more to the society. Originality/value – The study examines the effectiveness of Islamic banks’ CSR and contributes to the growing discussions on the Islamic CSR. The study has opened up this area for further investigations by other researchers Emerald Group Publishing Ltd. 2018 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/64056/1/64056_Are%20Malaysian%20Islamic%20banks_article.pdf application/pdf en http://irep.iium.edu.my/64056/2/64056_Are%20Malaysian%20Islamic%20banks_scopus.pdf Jaiyeoba, Haruna Babatunde and Adewale, Abideen Adeyemi and Quadry, Mahmud Oluwaseyi (2018) Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view. International Journal of Bank Marketing, 36 (1). pp. 111-125. ISSN 0265-2323 https://www.emeraldinsight.com/doi/pdfplus/10.1108/IJBM-10-2016-0146 10.1108/IJBM-10-2016-0146
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG1501 Banking
HG3368 Islamic Banking and Finance
spellingShingle HG1501 Banking
HG3368 Islamic Banking and Finance
Jaiyeoba, Haruna Babatunde
Adewale, Abideen Adeyemi
Quadry, Mahmud Oluwaseyi
Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
description Purpose – The purpose of this paper is to investigate the effectiveness of Islamic banks’ corporate social responsibility (CSR) using data collected from stakeholders in Malaysia. While Islamic scholars have developed the Islamic CSR from the Qur’anic verses, the Sunnah of the Prophet (SAW) and from the western ideologies, the focus of this paper is to assess the effectiveness of the developed Islamic CSR practices. Design/methodology/approach – Quantitative research design was adopted for this study. Exploratory factor analysis, confirmatory factor analysis, and other analyses are performed on the data collected from 193 stakeholders in Malaysia. Findings – Based on the data collected and analyzed, the results show that stakeholders view the Malaysian Islamic banks’ CSRs as effective. Research limitations/implications – This study investigates the effectiveness of Malaysian Islamic banks’ CSR based on the survey data collected. However, future studies could explore this in greater depth using mixed methods. Practical implications – The research findings have great implications for researchers. Since this study is among the few research studies that investigate the effectiveness of Islamic CSR, the researchers have paved ways for further investigation in this area. In addition, the study encourages the Malaysian Islamic banks and other Islamic financial institutions to contribute more to the society. Originality/value – The study examines the effectiveness of Islamic banks’ CSR and contributes to the growing discussions on the Islamic CSR. The study has opened up this area for further investigations by other researchers
format Article
author Jaiyeoba, Haruna Babatunde
Adewale, Abideen Adeyemi
Quadry, Mahmud Oluwaseyi
author_facet Jaiyeoba, Haruna Babatunde
Adewale, Abideen Adeyemi
Quadry, Mahmud Oluwaseyi
author_sort Jaiyeoba, Haruna Babatunde
title Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
title_short Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
title_full Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
title_fullStr Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
title_full_unstemmed Are Malaysian Islamic banks’ corporate social responsibilities effective? A stakeholders’ view
title_sort are malaysian islamic banks’ corporate social responsibilities effective? a stakeholders’ view
publisher Emerald Group Publishing Ltd.
publishDate 2018
url http://irep.iium.edu.my/64056/1/64056_Are%20Malaysian%20Islamic%20banks_article.pdf
http://irep.iium.edu.my/64056/2/64056_Are%20Malaysian%20Islamic%20banks_scopus.pdf
http://irep.iium.edu.my/64056/
https://www.emeraldinsight.com/doi/pdfplus/10.1108/IJBM-10-2016-0146
_version_ 1643619722486349824
score 13.211869

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