Corporate social responsibility disclosure by Islamic financial institutions: an Australian case study
Contributor(s)Swinburne University of Technology
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AbstractIslamic Financial Institutions (IFis) aim to apply Islamic traditions and principles to banking and financial transactions. Unlike conventional banks and financial institutions, operating under an Islamic framework necessitates that IFis, in their capacity as Islamic institutions, also aim to fulfil an ethical and social role. This paper examines the extent to which IFis in Australia report on CSR matters in their websites and reports. The study concludes by demonstrating that the CSR disclosures made by the IFis studied are less than that which may be expected from Islamic institutions which also aim to fulfil a social role. It is argued that IFis have a duty to adequately disclose CSR information.