Muslim Society Perspective on Islamic Banking Corporate Social Responsibility in Indonesia (Based On Qur’an and Hadits Economic Themes) (Published)
This paper aims to shine a light on how Islamic banks implement their corporate social responsibility from the perspective of Islam. This study employed a qualitative case study qualitative. The data were gathered through direct observation and in-depth interviews with the bank staff and societies who received CSR initiatives. The data were analyzed based on the grounded theory approach involving three iterations; open, axial, and theoretical codings. Our study found that Islamic banks have implemented their CSR initiatives based on government regulation and Islamic law and teachings. CSR includes the realization of Islamic economy responsibility, the compliance of the banks to government regulation and Islamic law, and practicing Islamic philanthropy.
Keywords: Corporate Social Responsibility, Islamic Banks, Muslim, society perception
The Role of Islamic Sukuk “Bonds” in Providing Government Investment Needs (Published)
Islamic and non-Islamic governments have recently expanded significantly towards Islamic Sukuk Bonds as a means of providing financial resources to cover the official government needs. There are strong indicators of expansionary tendencies in the Islamic Issuance Market (IIM), were the IIM has increased significantly, but this requires an integrated legislative framework that compliance with legitimacy (Shariah) rules and regulations specially that there was a large demand for Islamic Sukuk after the global financial crisis, with volumes of issuance of Islamic Sukuk reaching more than US $ 200 billion worldwide.
Keywords: Financial Engineering, Islamic Banks, Islamic Issuance Market (IIM), Islamic Sukuk Bonds, Islamic finance