Islamic banks play a significant role in the financial sector in a number of emerging markets especially countries with a large Muslim population. The objectives of Islamic banks are fundamentally different from those of conventional banks.While conventional banks seek to maximize their shareholders wealth, Islamic banks primarily strive to achieve a balance between providing sufficient Shari’ah compliant returns and their social responsibilities to various stakeholders. Moreover, Islamic banks are characterized by multiple agency relationships. I analyze the corporate governance characteristics of a sample of Islamic banks in six emerging countries and their corporate social responsibility (CSR) as these two aspects are increasingly related. I identify areas of interest through mini case studies and examples. Finally, I conclude by considering the likely future development of corporate governance and CSR in Islamic banks in emerging markets.
|Title of host publication||Corporate Governance and Corporate Social Responsibility|
|Subtitle of host publication||Emerging Markets Focus|
|Number of pages||32|
|Publication status||Published - 1 Jan 2014|
Bibliographical notePublisher Copyright:
© 2015 by World Scientific Publishing Co. Pte. Ltd. All rights reserved.
- Corporate governance
- Corporate social responsibility (CSR)
- Islamic banks
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics, Econometrics and Finance(all)