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Corporate social responsibility disclosure index of Malaysian Shariah – compliant companies

Roshima Said (Universiti Teknologi MARA, Kedah, Malaysia)
Khairunnisa Abd Samad (Department of Economics, Universiti Teknologi MARA, Melaka, Malaysia)
Noor Zahirah Mohd Sidek (Faculty of Business Management, Universiti Teknologi MARA, Kedah, Malaysia)
Nurul Fatihah Ilias (Department of Accounting, Universiti Teknologi MARA, Kedah, Malaysia)
Noorain Omar (Universiti Teknologi MARA, Kedah, Malaysia)

International Journal of Ethics and Systems

ISSN: 2514-9369

Article publication date: 12 February 2018

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Abstract

Purpose

The purpose of this paper is to examine the extent of Maqasid Al-Shariah corporate social responsibility (CSR) disclosure of public listed companies of Shariah-compliant companies in Malaysia.

Design/methodology/approach

Content analysis was used to construct the Maqasid Al-Shariah CSR disclosure index. Furthermore, the study used a checklist that covered four themes of CSR, namely environment, community involvement, human resource and product, and five elements of Maqasid Al-Shariah, namely, faith, human self, intellect, posterity and wealth.

Findings

The findings of the study show that the level of Maqasid Al-Shariah CSR disclosure index is generally low. The study found that Shariah-compliant companies revealed more community-related theme and an intellect element in their annual reports for the year of the survey.

Originality/value

This paper is one of few papers that has developed the Maqasid Al-Shariah CSR disclosure index that used the aforementioned four themes of CSR and five Maqasid Al-Shariah elements.

Keywords

Acknowledgements

The research was financially supported by Research Acculturation Grant Scheme (RAGS) under Universiti Teknologi Mara, Malaysia and Ministry of Higher Education (MOHE).

Citation

Said, R., Abd Samad, K., Mohd Sidek, N.Z., Ilias, N.F. and Omar, N. (2018), "Corporate social responsibility disclosure index of Malaysian Shariah – compliant companies", International Journal of Ethics and Systems, Vol. 34 No. 1, pp. 55-69. https://doi.org/10.1108/IJOES-09-2016-0068

Publisher

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Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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