Impact of Corporate Social Responsibility on Islamic Financial Institutions and Businesses

Abstract

In accordance with Islamic business ethics guidelines, the corporate social responsibility (CSR) of commercial enterprises and Islamic financial institutions (IFIs) should be seen as an advantage rather than an expense. Due to Islam's unwavering dedication to the principles of fraternity and equity, it is imperative for business organizations Islamic financial institutions must provide a conducive environment that promotes strategic partnership between Islamic charitable organizations and commercial enterprises in order to meet the community's needs. The primary objective of this article is to examine the existing corporate social responsibility (CSR) strategies of commercial enterprises and international financial institutions (IFIs), as well as the possibility of enhancing philanthropic impact.

Keywords-Impact of Corporate Social Responsibility on Islamic Financial Institutions and Businesses