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Corporate social responsibility (CSR) practices in Islamic banks of Bangladesh

Md. Anowar Hossain Bhuiyan (Department of Management, National University Bangladesh, Gazipur, Bangladesh)
Md. Abud Darda (Department of Statistics, National University Bangladesh, Gazipur, Bangladesh)
Md. Belal Hossain (School of Economics and Management, China Three Gorges University, Yichang, China)

Social Responsibility Journal

ISSN: 1747-1117

Article publication date: 23 June 2021

Issue publication date: 27 June 2022

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Abstract

Purpose

Corporate social responsibility (CSR) influences an organization in deciding its ethical approaches in the corporate practices and also important to maintain sustainable development. Islamic banks are capturing almost 40% of the total bank account holders in Bangladesh and contributing to the socio-economic and environmental development of the country through their CSR activities. The purpose of this paper is to investigate the impacts of CSR activities of Islamic banks for sustainable development in Bangladesh from the perception of the beneficiaries.

Design/methodology/approach

This study is based on a questionnaire survey of 200 conveniently selected beneficiaries from five purposively selected Islamic banks in Bangladesh. Respondents’ agreement score for various CSR-related activities has been observed in a five-point Likert scale and, finally, to identify the impact of CSR, exploratory factor analysis has been done.

Findings

Results revealed that respondents are expressing strong agreement for almost all the activities, and they are much satisfied with ongoing CSR activities by Islamic banks, which implies positive attitudes of beneficiaries regarding CSR activities. The results of factor analysis further confirm the perception of respondents toward CSR activities of Islamic banks in terms of social enhancement, education and health, socio-economic well-being and contemporary arts and culture.

Originality/value

The Islamic banks should enhance their CSR activities for socio-economic development, provide more allocation in education programs, increase sponsorship in sports events and assist in flourishing Bangladeshi arts and culture.

Keywords

Citation

Bhuiyan, M.A.H., Darda, M.A. and Hossain, M.B. (2022), "Corporate social responsibility (CSR) practices in Islamic banks of Bangladesh", Social Responsibility Journal, Vol. 18 No. 5, pp. 968-983. https://doi.org/10.1108/SRJ-07-2020-0280

Publisher

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Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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