Evaluation of Social Reporting Practices of Islamic Banks in Saudi Arabia

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dc.contributor.author Zubairu, Umaru M.
dc.contributor.author Sakariyau, Olalekan B.
dc.contributor.author Dauda, Chetubo K.
dc.date.accessioned 2012-10-04T11:12:00Z
dc.date.available 2012-10-04T11:12:00Z
dc.date.issued 2012
dc.identifier.citation Zubairu, Umaru M., Sakariyan, Olalekan B. & Dauda, Chetubo K. (2012). Evaluation of Social Reporting Practices of Islamic Banks in Saudi Arabia. Electronic Journal of Business Ethics and Organization Studies, 17 (1), 41-50. Retrieved from http://ejbo.jyu.fi/pdf/ejbo_vol17_no1_pages_41-50.pdf
dc.identifier.issn 1239-2685
dc.identifier.uri http://hdl.handle.net/123456789/39892
dc.description.abstract Islamic banks are said to possess ethical identity (Haniffa and Hudaib, 2007) because their social goals are just as important if not more important than financial goals because of the fact that they are based on religious foundations, i.e. the Islamic Shari'ah which has as its ultimate goal, the betterment of society. Islamic banks are thus expected to portray a high level of corporate social responsibility which would be evident in their social reporting practices as evidenced in their annual reports. However, two prominent studies of the social reporting practices of Islamic banks have shown otherwise (Maali et.al, 2003; Haniffa and Hudaib, 2007). This study replicated the Haniffa and Hudaib study by examining the social reporting practices of the Islamic Banks in Saudi Arabia. This examination involved a comparison of the social disclosures of 4 Islamic banks made through their annual reports against an ideal level of social disclosures that Islamic banks ought to make, over the years 2008-2009. This comparison was accomplished using the Ethical Identity Index (EII) developed by Haniffa and Hudaib (2007). The findings revealed that at present, Islamic banks in Saudi Arabia have much more in common with their conventional counterparts than they do with banks that are supposedly based on Shari'ah. Indeed, the core dichotomy expected between Islamic banks and conventional banks in relation to Islamic ethics was not clearly shown. en
dc.language.iso eng
dc.publisher Business and Organization Ethics Network (BON)
dc.relation.ispartofseries EJBO : Electronic Journal of Business Ethics and Organizational Studies
dc.rights © Business and Organization Ethics Network (BON)
dc.subject.other corporate social responsibility en
dc.subject.other banks en
dc.subject.other Saudi-Arabia
dc.subject.other Islam
dc.subject.other sosiaalinen vastuu fi
dc.subject.other pankit fi
dc.subject.other sharia law fi
dc.title Evaluation of Social Reporting Practices of Islamic Banks in Saudi Arabia
dc.type Article en
dc.identifier.urn URN:NBN:fi:jyu-201210042598
dc.type.uri http://purl.org/eprint/type/JournalArticle
dc.description.version Publisher's PDF
eprint.status http://purl.org/eprint/type/status/PeerReviewed

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