Shifa Mohd Nor

HRMARS is well established journal publisher based in Pakistan. It is publishing prominent journals in social sciences since 2011.

This paper aims to investigate the effect of CSR to Employees in Indonesia Companies on economic return and human capital efficiency. There were 297 corporate documents recording companies’ social activities for their employees were analysed using content analysis method. CSR to employees consists of four broad dimensions that include 41 items and economic performance was measured by return on investment, sales growth, employee productivity, and human capital efficiency. Out of eight hypotheses, there are only three are supported. Thus, the findings of the study could not substantively support in favour of the first model stakeholders theory namely economic return model. Rather, it is suggested that CSR to employees follows the second model, which means it just a responding tool to employee requests in order to builds a good external impression. The originality of this study are twofold, first is providing new evidence to stakeholder theory from Indonesia CSR perspective and second is improving the measurement of CSR to employee. The study’s findings should be interpreted with caution. The assessment was based on a content analysis of qualitative data from corporate reports which exposing to inconsistencies of information content interpretation.

Purpose — This paper aims to examine the implementation of blockchain technology in zakat management and determine how it will work in the context of Malaysia. Although zakat institutions in Malaysia use technology, confidence in the efficiency of the zakat fund is still an ongoing issue. Therefore, the potential of blockchain technology for improving the zakat management system is examined. Design/Methodology/Approach — An exploratory study involving two informants with expertise in blockchain technology and Islamic finance was conducted to investigate how the application of blockchain in the zakat management system will accelerate the future implementation and potential of zakat management in Malaysia. Findings — This research finds an accord between the features of blockchain technology and the objectives of zakat. The features are transparency, traceability and security, which align closely with the goals of zakat. As such, a new model has been proposed for the zakat management system, one empowered by blockchain technology that harmonises with the existing system and enhances these elements. Originality/Value — This research can motivate zakat institutions in Malaysia to implement blockchain technology in their zakat management systems by using the proposed model. The research shows the synchronisation of blockchain principles with zakat, which would build trust and confidence. Practical Implications — The discussion on how blockchain can be embedded in the existing zakat management system will contribute towards enhancing zakat management in Malaysia and improve the performance of zakat institutions, enabling them to better serve the community. Given the scarce literature on blockchain adoption in zakat management, this study can spur further research and discussion within this area.

This study intends to investigate the impact of CSR practices on ERM implementation, focusing on Islamic banks operating in Gulf Cooperation Council (GCC) countries. Following the banking industry’s collapse during the 2008 financial crisis, there has been a notable rise in the enactment and literature of Corporate Social Responsibility (CSR). Although the influence of CSR practices on performance, trust, and reputation has been extensively researched, limited research studies have examined their impact on enterprise risk management (ERM). The study uses secondary data obtained from the annual reports of 23 Islamic banks between 2011 and 2020. CSR practices and ERM implementations were scored using content analysis. Using panel regression techniques, we find a significant positive relationship between CSR practices and ERM implementation for listed Islamic banks over the sample period. The relationship remains intact across two distinct ERM measures and various estimation methods. The findings of the study contribute to the literature by offering valuable empirical evidence of the effect of corporate social responsibility practices on enterprise risk management implementation in the GCC Islamic banks. The study suggests that executives, policymakers, and regulators of Islamic banks in the GCC should support and endorse socially related initiatives to aid in the successful implementation of ERM.

Ullmann’s (1985) Stakeholder theory states that the implementation of Corporate Social Responsibility (CSR) has an influence on the achievement of a company’s economic performance. This research examines the influence of CSR on employees (CSR-E) including the salary and welfare, education, work safety and gender equality on sales growth and human resource efficiency. This research compares three types of perusahaanes, namely natural resource, manufacture, and service perusahaanes listed on the Indonesian Stock Exchange. It is hoped that the results of this research can provide a solution regarding the importance of implementing CSR-E and its influence on companies’ business performance, so that companies are much more motivated to implement CSR-E. This research uses descriptive and quantitative data analysis techniques where SPSS application was used to analyze 297 annual and financial reports of companies listed on the Indonesian Stock Exchange from 2015, 2016 and 2017. The research found that CSR-E for work safety had an influence on human resource efficiency in manufacturing companies and CSR-E salary and gender equality had a significant influence on sales growth and natural resource efficiency in service-based companies. Implementing CSR-E is an important requirement for manufacturing and service companies. It is because manufacturing and service perusahaanes are companies with a high risk of pollution and work accident rates. The controlled variable for the number of workers has an influence on sales growth and human resource efficiency. Workers are the substantial party for the company because they are directly involved in the daily basis company’s operational activities in an effort to achieve the company’s financial performance.

Enterprise Risk Management (ERM) is a contemporary trend that has gained momentum in recent years. ERM is a comprehensive approach to risk management that considers both operational and strategic risks that affect business objectives and success. The present research investigates the impact of ERM on the financial performance (FP) of listed Islamic banks in the Gulf Cooperation Council (GCC) countries. This study takes a quantitative approach, employing secondary data collection methods and content analysis. The study analyses a sample of 221 yearly observations from 23 listed Islamic banks in the GCC from 2011–2020. The ERM implementation and FP measures were derived from previous studies. The study discovered that ERM implementation is associated with an increase in accounting performance but not with changes in market performance for Islamic banks. Our study confirms that Islamic banks perform better in the short term after implementing ERM controls but have no impact on long-term value creation. This study provides valuable insight on the benefits of enhancing GCC Islamic banks' ERM implementation decision-making processes. Finally, the empirical findings can assist managers, policymakers, and regulators in improving bank performance by implementing best practices of ERM in GCC Islamic banks and countries with similar socioeconomic environments.

Social and environmental sustainability challenges have led researchers to concentrate on sustainable banking and corporate social responsibility (CSR) practices. CSR aspects that are used for sustainable banking are explored, evaluated and summarized by limited literature. This study aims at identifying and summarizing the theories and the CSR dimensions used in sustainable banking related studies. The study critically analyzed 30 relevant documents that were systematically extracted from the Web of Science and Scopus databases covering the period of 2012 to 2022. The results show that researchers’ concentration on sustainable banking increased after the declaration of the Paris agreement and sustainable development goals (SDGs) in 2015 and 2016, respectively, where the majority of studies highlight the Asian and European contexts. The study identifies 14 theories and 28 CSR dimensions for sustainable banking. Based on those dimensions, the study proposes a model of sustainable banking. Later, it maps the relevant theories with the CSR dimensions so that future researchers can experiment with those theories and dimensions with sustainable banking in different contexts. Moreover, the study recommends that researchers can focus more on organizational change and risk management theories, and CSR dimensions that integrate social and environmental issues, as well as SDGs.

İKAM - İSLAM İKTİSADI ARAŞTIRMA MERKEZİ