Please use this identifier to cite or link to this item: http://repository.futminna.edu.ng:8080/jspui/handle/123456789/27443
Title: SOCIAL REPORTING PRACTICES OF ISLAMIC BANKS IN SAUDI ARABIA
Authors: Zubairu, Umaru Mustapha
Sakariyau, Olalekan Busra
Dauda, Chetubo Kuta
Issue Date: 2011
Publisher: International Journal of Business and Social Science Centre for Promoting Ideas, USA
Series/Report no.: VOL. 2;NO. 23
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 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.
Description: The Special Issue on Arts, Commerce and Social Science
URI: http://repository.futminna.edu.ng:8080/jspui/handle/123456789/27443
Appears in Collections:Entrepreneurship and Business Studies

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