Islamic banking and income inequality: the role of corporate social responsibility
The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR) enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic Cooperation (OIC) countries. Both fixed-effect and random-effect mo...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2020
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| Online Access: | http://journalarticle.ukm.my/16873/ http://journalarticle.ukm.my/16873/1/jeko_54%282%29-7.pdf |
| _version_ | 1848814165224849408 |
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| author | Nurul Muna Mohamad, Tajul Ariffin Masron, Risna Wijayanti, Muslimah Mohd Jamil, |
| author_facet | Nurul Muna Mohamad, Tajul Ariffin Masron, Risna Wijayanti, Muslimah Mohd Jamil, |
| author_sort | Nurul Muna Mohamad, |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR)
enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic
Cooperation (OIC) countries. Both fixed-effect and random-effect models representing static model as well as
generalized method of moments approach of dynamic model are employed to estimate the sample of 24 OIC countries
for the period from 2006 to 2013. The results suggest that Islamic banking has potential to reduce income inequality
via Islamic financing and CSR further helps to reduce income inequality. In addition, the findings suggest that Islamic
financial institutions able to reduce income inequality further if they actively engage in CSR. However, small size of
CSR activities is unlikely to be effective in reducing income inequality. |
| first_indexed | 2025-11-15T00:29:45Z |
| format | Article |
| id | oai:generic.eprints.org:16873 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:29:45Z |
| publishDate | 2020 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org:168732021-06-24T16:24:12Z http://journalarticle.ukm.my/16873/ Islamic banking and income inequality: the role of corporate social responsibility Nurul Muna Mohamad, Tajul Ariffin Masron, Risna Wijayanti, Muslimah Mohd Jamil, The objective of this study is to analyse whether engaging more actively in corporate social responsibility (CSR) enhances the effectiveness of Islamic banks in narrowing income inequality in the selected Organization of Islamic Cooperation (OIC) countries. Both fixed-effect and random-effect models representing static model as well as generalized method of moments approach of dynamic model are employed to estimate the sample of 24 OIC countries for the period from 2006 to 2013. The results suggest that Islamic banking has potential to reduce income inequality via Islamic financing and CSR further helps to reduce income inequality. In addition, the findings suggest that Islamic financial institutions able to reduce income inequality further if they actively engage in CSR. However, small size of CSR activities is unlikely to be effective in reducing income inequality. Penerbit Universiti Kebangsaan Malaysia 2020 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/16873/1/jeko_54%282%29-7.pdf Nurul Muna Mohamad, and Tajul Ariffin Masron, and Risna Wijayanti, and Muslimah Mohd Jamil, (2020) Islamic banking and income inequality: the role of corporate social responsibility. Jurnal Ekonomi Malaysia, 54 (2). pp. 77-90. ISSN 0127-1962 https://www.ukm.my/fep/jem/content/2020-2.html |
| spellingShingle | Nurul Muna Mohamad, Tajul Ariffin Masron, Risna Wijayanti, Muslimah Mohd Jamil, Islamic banking and income inequality: the role of corporate social responsibility |
| title | Islamic banking and income inequality: the role of corporate social responsibility |
| title_full | Islamic banking and income inequality: the role of corporate social responsibility |
| title_fullStr | Islamic banking and income inequality: the role of corporate social responsibility |
| title_full_unstemmed | Islamic banking and income inequality: the role of corporate social responsibility |
| title_short | Islamic banking and income inequality: the role of corporate social responsibility |
| title_sort | islamic banking and income inequality: the role of corporate social responsibility |
| url | http://journalarticle.ukm.my/16873/ http://journalarticle.ukm.my/16873/ http://journalarticle.ukm.my/16873/1/jeko_54%282%29-7.pdf |