i-CSR General Practice Framework for Islamic Banks.
(B. Ekonomi)
i-CSR General Practice Framework for Islamic Banks
Keywords : Islamic Bank, Maqasid al-Shariah, corporate social responsibility, islamic CSR framework, iCGA framework
Fauzi, Hasan; Hananto, Santoso Tri
Fakultas Ekonomi UNS, Penelitian, BOPTN UNS, Hibah Kerjasama Luar Negeri dan Publikasi Internasional,
2012
The main objective of the study is to develop an i-CSR General Practice Framework for Islamic banks
based on the Maqasid al-Shariah principles. To achieve the main objectives, the following are the specific
objectives of the study: to examine the current CSR practices of Islamic banks operating in Malaysia and
Indonesia, to draw inferences from the results on the current CSR practices of Islamic banks in Malaysia
and Indonesia and to develop an i-CSR General Practice, and to empirically test the applicability of i-CSR
General Practice Framework on Islamic banks in Malaysia and Indonesia. The process of data collection
for the study will be carried in 4 Phases as follows: Phase 1- Preliminary investigation to identify gaps in
the CSR practices as viewed from Islamic perspectives, Phase 2 - The development of i-CSR General
Practice Framework based on Maqasid al-Shariah principles, Phase 3 - Operationalisation of i-CSR
general practice framework (development of i-CSR general practice index), and phase 4 - Finalizing the
development of i-CSR General Practice Framework. The Outcomes of the Project is to develop an i-CSR
General Practice Framework for Islamic banks based on Maqasid al-Shariah and an i-CSR index to
facilitate its implementation by Islamic banks. The current CSR practice in Indonesia Islamic banks and
Malaysian Islamic bank has little bit different focus. An i-CSR General Practice Framework for Islamic
banks has been developed named i-CGA framework. In terms of the contents, the framework has got
confirmed by shariah expert and Shariah officers. This issue is not different from the two countries. The
applicability of the formulated i-CGA framework is little bit different between Indonesia and Malaysia.
The difference of the applicability in two countries is caused by structural factors: state constitutional,
ulema council position, and policy of Stock Exchange toward social and environmental issue in formal
company reporting. The applicability of i-CGA framework in Indonesia is lower than the one in Malaysia.
In general, the practice of CSR in Indonesia can be implicitly said to be lower than the one in Malaysia.
i-CSR General Practice Framework for Islamic Banks
Keywords : Islamic Bank, Maqasid al-Shariah, corporate social responsibility, islamic CSR framework, iCGA framework
Fauzi, Hasan; Hananto, Santoso Tri
Fakultas Ekonomi UNS, Penelitian, BOPTN UNS, Hibah Kerjasama Luar Negeri dan Publikasi Internasional,
2012
The main objective of the study is to develop an i-CSR General Practice Framework for Islamic banks
based on the Maqasid al-Shariah principles. To achieve the main objectives, the following are the specific
objectives of the study: to examine the current CSR practices of Islamic banks operating in Malaysia and
Indonesia, to draw inferences from the results on the current CSR practices of Islamic banks in Malaysia
and Indonesia and to develop an i-CSR General Practice, and to empirically test the applicability of i-CSR
General Practice Framework on Islamic banks in Malaysia and Indonesia. The process of data collection
for the study will be carried in 4 Phases as follows: Phase 1- Preliminary investigation to identify gaps in
the CSR practices as viewed from Islamic perspectives, Phase 2 - The development of i-CSR General
Practice Framework based on Maqasid al-Shariah principles, Phase 3 - Operationalisation of i-CSR
general practice framework (development of i-CSR general practice index), and phase 4 - Finalizing the
development of i-CSR General Practice Framework. The Outcomes of the Project is to develop an i-CSR
General Practice Framework for Islamic banks based on Maqasid al-Shariah and an i-CSR index to
facilitate its implementation by Islamic banks. The current CSR practice in Indonesia Islamic banks and
Malaysian Islamic bank has little bit different focus. An i-CSR General Practice Framework for Islamic
banks has been developed named i-CGA framework. In terms of the contents, the framework has got
confirmed by shariah expert and Shariah officers. This issue is not different from the two countries. The
applicability of the formulated i-CGA framework is little bit different between Indonesia and Malaysia.
The difference of the applicability in two countries is caused by structural factors: state constitutional,
ulema council position, and policy of Stock Exchange toward social and environmental issue in formal
company reporting. The applicability of i-CGA framework in Indonesia is lower than the one in Malaysia.
In general, the practice of CSR in Indonesia can be implicitly said to be lower than the one in Malaysia.