Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution.
The aim of this paper is to explore the state of the art of Corporate Social Responsibility (CSR) in Islamic culture. This topic is interesting not because Corporate Social Responsibility is a new concept, but because some corporate sustainability reporting values developed in Western Countries, as...
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| Format: | Article |
| Language: | English |
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Università degli Studi di Torino
2019-02-01
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| Series: | European Journal of Islamic Finance |
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| Online Access: | https://www.ojs.unito.it/index.php/EJIF/article/view/3065 |
| _version_ | 1818575545467666432 |
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| author | Irene Litardi Gloria Fiorani Denise Harb |
| author_facet | Irene Litardi Gloria Fiorani Denise Harb |
| author_sort | Irene Litardi |
| collection | DOAJ |
| description | The aim of this paper is to explore the state of the art of Corporate Social Responsibility (CSR) in Islamic culture. This topic is interesting not because Corporate Social Responsibility is a new concept, but because some corporate sustainability reporting values developed in Western Countries, as AA1000 or GRI Standard, are not focused in Islamic values and beliefs. In fact, Sustainable Development is not a new concept, but it is embedded in the fundamental codes of conduct in Islamic Societies and Laws through Shari’ah (Aman, 2016). The objectives are: a) literature review of Islamic Corportae Social Responsibility and Shari’ah connection with CSR. In particular, descriptive analysis of Islamic Financial Istitution (IFI), which offer alternatives to the commercial activities that Shari'ah prohibits, to answer to the dichotomy between the need to trade with the West and to follow the commands of Islam (Taman, 2011); b) a qualitative comparative analysis between Islamic CSR (ICSR) and conventional CSR c) a documental analysis (Bowen, 2009) of the Islamic network that implements CSR strategies, policies and practices in Islamic Societies (IRI- Islamic Reporting Initiatives) supported by an ad-hoc interview held with an IRI’s Staff member. The conclusion of this research discusses the perspective of Islamic view in sustainability reporting by incorporating the concept of Tawhid which provides a holistic guidance based on Islamic beliefs, values and concepts (Aman, 2016) and, in specific, the main differences between western and Islamic Corporate Sustainability Reporting perspective. The finding of the paper is to be useful to integrate and develop sustainable strategies for Islamic companies. |
| first_indexed | 2024-12-15T00:41:42Z |
| format | Article |
| id | doaj.art-556f94e3b34043b381f81f8d7ab4cdf2 |
| institution | Directory Open Access Journal |
| issn | 2421-2172 2421-2172 |
| language | English |
| last_indexed | 2024-12-15T00:41:42Z |
| publishDate | 2019-02-01 |
| publisher | Università degli Studi di Torino |
| record_format | Article |
| series | European Journal of Islamic Finance |
| spelling | doaj.art-556f94e3b34043b381f81f8d7ab4cdf22022-12-21T22:41:38ZengUniversità degli Studi di TorinoEuropean Journal of Islamic Finance2421-21722421-21722019-02-0118https://doi.org/10.13135/2421-2172/3065Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution.Irene Litardi0Gloria Fiorani1Denise Harb2Department Management and Law, Faculty of Economics, University of Rome "Tor Vergata", Via Columbia 2, 00133 Rome, ItalyDepartment Management and Law, Faculty of Economics, University of Rome "Tor Vergata", Via Columbia 2, 00133 Rome, ItalyDepartment Management and Law, Faculty of Economics, University of Rome "Tor Vergata", Via Columbia 2, 00133 Rome, ItalyThe aim of this paper is to explore the state of the art of Corporate Social Responsibility (CSR) in Islamic culture. This topic is interesting not because Corporate Social Responsibility is a new concept, but because some corporate sustainability reporting values developed in Western Countries, as AA1000 or GRI Standard, are not focused in Islamic values and beliefs. In fact, Sustainable Development is not a new concept, but it is embedded in the fundamental codes of conduct in Islamic Societies and Laws through Shari’ah (Aman, 2016). The objectives are: a) literature review of Islamic Corportae Social Responsibility and Shari’ah connection with CSR. In particular, descriptive analysis of Islamic Financial Istitution (IFI), which offer alternatives to the commercial activities that Shari'ah prohibits, to answer to the dichotomy between the need to trade with the West and to follow the commands of Islam (Taman, 2011); b) a qualitative comparative analysis between Islamic CSR (ICSR) and conventional CSR c) a documental analysis (Bowen, 2009) of the Islamic network that implements CSR strategies, policies and practices in Islamic Societies (IRI- Islamic Reporting Initiatives) supported by an ad-hoc interview held with an IRI’s Staff member. The conclusion of this research discusses the perspective of Islamic view in sustainability reporting by incorporating the concept of Tawhid which provides a holistic guidance based on Islamic beliefs, values and concepts (Aman, 2016) and, in specific, the main differences between western and Islamic Corporate Sustainability Reporting perspective. The finding of the paper is to be useful to integrate and develop sustainable strategies for Islamic companies.https://www.ojs.unito.it/index.php/EJIF/article/view/3065corporate social responsibilityreportingaccountabilityislamic csrislamic reporting initiativesislamic financial institution |
| spellingShingle | Irene Litardi Gloria Fiorani Denise Harb Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. European Journal of Islamic Finance corporate social responsibility reporting accountability islamic csr islamic reporting initiatives islamic financial institution |
| title | Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. |
| title_full | Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. |
| title_fullStr | Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. |
| title_full_unstemmed | Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. |
| title_short | Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. |
| title_sort | corporate social responsibility in islamic culture comparison between western csr and islamic csr focus on islamic reporting initiative and islamic financial institution |
| topic | corporate social responsibility reporting accountability islamic csr islamic reporting initiatives islamic financial institution |
| url | https://www.ojs.unito.it/index.php/EJIF/article/view/3065 |
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