Title: Exploring corporate social responsibility of Takaful organisations through the lenses of an Islamic CSR framework

Authors: Faizah Darus; Haslinda Yusoff; Mustaffa Mohamed Zain; Azlan Amran; Mehran Nejati

Addresses: Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia ' Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia ' Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia ' Graduate School of Business, Universiti Sains Malaysia, Penang, Malaysia ' Graduate School of Business, Universiti Sains Malaysia, Penang, Malaysia

Abstract: Takaful relates to a system of Islamic insurance and takaful organisations were established with the desire to offer insurance protection based on the values and principles of Shariah. The aim of this study is to explore the CSR practices of takaful organisations in Malaysia, benchmarked against an Islamic CSR framework. A content analysis of the annual reports of 11 takaful organisations in Malaysia over a three-year period (2010 to 2012) was undertaken to explore the application of the framework. Study findings highlighted an increasing trend in CSR disclosure over the three-year period with the community and workplace dimensions emerging as the focus of the CSR activities by takaful organisations in Malaysia. Additionally, social development pursuits that benefited the community were the most disclosed CSR information.

Keywords: corporate social responsibility; CSR disclosure; takaful organisations; Shariah; Islamic CSR; content analysis; Islamic insurance; Islamic finance; Malaysia; annual reports.

DOI: 10.1504/IJBG.2016.078414

International Journal of Business and Globalisation, 2016 Vol.17 No.2, pp.263 - 278

Received: 27 May 2015
Accepted: 11 Dec 2015

Published online: 02 Aug 2016 *

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