Determinants of Corporate Social Responsibility Disclosure Index in Islamic Banks of Pakistan: Role of Corporate Governance and Company Level Determinants

The commitment of the organization towards improvement and uplift of the communities in which they operate has gained significant focus over the last few decades. The idea of CSR has developed over time in the western world however; the CSR concept of CSR is also not novel to Islamic system. The Islamic law enforces the CSR on the believers in every aspect of their business activities. This study analyzed the CSR disclosure with respect to its different corporate governance and company level variables. The results show that the Board Independence, Performance, Bank Size and Capital Adequacy have direct association with the CSRDI of the banks. However, the duality of CEO shows an inverse relationship with CSRDI. The Total deposits and Board size showed an insignificant relationship between the variables