Application of Shariah Enterprise Theory on Disclosure of Corporate Social Responsibility in Sharia Banking

Abstract

The goal of this research is to find out what information Islamic banks provide in their corporate social responsibility reports, as well as to determine the acceptability of such material in terms of Shariah Enterprise Theory (SET). This study employed a qualitative research method using a case study methodology. Primary and secondary data are the two types of data used. Data reduction, data presentation, and verification are some of the data processing strategies employed. Findings. The findings of the research demonstrate that Bank Muamalat's CSR disclosures contained Sharia Enterprise Theory disclosure elements such as vertical and horizontal accountability, indicating that Bank Muamalat Indonesia has declared its social responsibility in a very informative manner.

Implementation of Corporate Social Responsibility (CSR) In Improving The Reputation of Islamic Banking: A Perspective of Shariah Enterprise Theory

“…In the SET index, vertical accountability is reflected in the Sharia Supervisory Board's evaluation of fatwa disclosure as well as the company's compliance or non-compliance with operational aspects, along with an explanation of the reasons behind it. Meanwhile, horizontal accountability includes corporate social responsibility towards three groups of stakeholders, namely those directly involved, namely employees, those indirectly involved, namely customers and communities, and also the natural environment (Eti Kusmiati & Ungkari, 2021).…”

Analisis Pelaporan Corporate Social Responsibility Perbankan Syariah Dalam Perspektif Shariah Enterprise Theory

“…Menurut Lembaga keuangan Global World Bank, Corporate Social Responsibility (CSR) bertindak sebagai "The dedication of businesses to support sustainable economic development by collaborating with employees and their representatives, the local community, not only for business success but also for overall development". Pelaksanaan Corporate Social Responsibility (CSR) di tingkat global mendapat respon positif sejak dikeluarkannya ISO 26000 awal November 2010 tentang pedoman tanggung jawab sosial, sehingga banyak pihak yang menyadari bahwa tanggung jawab sosial bukan hanya tanggung jawab perusahaan, tetapi sudah menjadi tanggung jawab semua pihak, baik institusi maupun swasta, individu dan masyarakat, berorientasi keuntungan organisasi menggambarkan diri mereka sebagai nirlaba (Eti Kusmiati & Ungkari, 2021).…”

“…Pelaksanaan Corporate Social Responsibility (CSR) dapat dilihat dalam praktik tanggung jawab sosial dalam perbankan syariah dan dalam diskusi yang berkaitan dengan tanggung jawab sosial (Lubis et al, 2018). Standar pelaporan dan pengukuran CSR untuk lembaga bisnis syariah belum tersedia, akibatnya perusahaan dan lembaga bisnis syariah masih mengadopsi standar pelaporan CSR perusahaan konvensional dalam melaporkan kegiatan CSR mereka (Eti Kusmiati & Ungkari, 2021). Contohnya, seperti Bank Syariah Kalbar yang masih dibawah naungan Bank Kalbar.…”