AN ISLAMIC PERSPECTIVE ON CORPORATE SOCIAL RESPONSIBILITY: THE IMPACT ON THE CORPORATE REPUTATION MOTIVES FROM THE SUBSETS OF STAKEHOLDER MANAGEMENT THEORY

Abstract

Business has multi-fiduciary roles which transcends its economic pursuits, especially those Islamic business organizations which attempt to reflect its Islamic image. This provides a motivation to examine the extent of CSR reporting disclosure of Malaysian Shariah compliant companies (SCCs) and the propensity of companies in engaging CSR practices under the two competing theories; normative and instrumental which underpinning the stakeholder management theory. The results seem to suggest that the CSR practices are linked to the firms’ strategic motives, especially for non-pecuniary advantage. This strategic tool is a way to enhance their corporate reputation image. Ways forward and limitation of the study are further deliberated.