Corporate governance and corporate social responsibility in financial institutions: Evidence from Islamic banks

Hisham Farag*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Citations (Scopus)


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.

Original languageEnglish
Title of host publicationCorporate Governance and Corporate Social Responsibility
Subtitle of host publicationEmerging Markets Focus
PublisherWorld Scientific
Number of pages32
ISBN (Electronic)9789814520386
ISBN (Print)9789814520379
Publication statusPublished - 1 Jan 2014

Bibliographical note

Publisher 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)


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