Corporate Social Responsibility Disclosure: A Comparative Study Between Islamic Banks and Conventional Banks in Bangladesh

Abstract

The purpose of this paper is to compare the Corporate Social Responsibility practices in Islamic and Conventional banking of Bangladesh. Sample selection has been made as per random sampling process. Data are collected from the secondary sources mostly from concerned banks Annual Report, web sites, newsletters and other secondary sources. It has been found that the selected banks are directly engaged in CSR activities mostly in the area of Education, Health, Disaster Relief, Environment, Social welfare and Sport & Culture. The analysis shows that Conventional Banks have emphasized on Educational sector and Islamic Banks have emphasized on Social welfare. On dimensions of Health sector, Disaster relief sector both banks have taken parallel CSR initiatives but Sport & Cultural sector Conventional Banks have taken more CSR activities than Islamic Banks. The study found that both banks have established foundation for operated their CSR activities. The study also found that the dimension of Health care, Conventional banks and Islamic Banks both are taking initiative equally in both rural and urban area. On dimension of Environment, Conventional banks and Islamic Banks both of these banks are trying to preserve environment on their best possible way.
Key words: Bangladesh; Corporate social responsibility; Conventional bank; Islamic bank