Home  Journals  National Interests: Priorities and Security  3(60) - 2010 February

Regional model of corporate social responsibility (Evidence from Islamic countries)

Available online: 12 February 2010

Subject Heading: Foreign experience

JEL Classification: 

Taking into account cultural orientation gives us a key for elaborating a regional CSR model. Islamic countries experience gives us an understanding how fitting religious traditions and norms into CSR practice facilitates its better dissemination. The author points out that Islamic business ethics corresponds to a great extent to the concepts of CSR and Sustainable development. She quotes sura(hs) from Qur’an and Hadiths. Further she analyses different Islamic institutions in the field of CSR and criticizes Islamic banks for insufficient disclosure of information related to CSR activities. The author indicates that Islamic investment funds might be regarded as a variety of Socially Responsible Investment funds. The paper concludes that Islamic CSR model is of great importance from the standpoint of studying CSR in global context. Furthermore some of its components could be implemented in particular Russian regions.

Keywords: CSR, culture, Islamic business ethic, Sustainable development, Islamic banking, Socially Responsible Investment, Sharia’a Supervisory Board (Sharia Board)

View all articles of issue

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 4 April 2024

Archive