IslamicFinance.de

It is expected by early next year that the Islamic corporate social responsibility (i-CSR) General Practice framework will be ready for adoption by Islamic financial institutions. The framework has been developed by the Accounting Research Institute (ARI) of Universiti Teknologi Mara. It is now almost completed. ARI researchers at the UITM-ACCA Asia-Pacific Centre of Sustainability (APCeS) worked in collaboration with Universiti Sains Malaysia, and Indonesia's Sebelas Maret University and Universitas Muhammadiyah Surakarta. According to Professor Dr. Normah Omar - director of ARI - Shariah players including local Ulama (Islamic scholars) will be engaged by the institute in order to firm up a couple of details on the framework in a two-day workshop beginning on November 29th.

An Islamic Corporate Social Responsibility (i-CSR) General Practice Framework for Islamic institutions is being developed by researchers at the Accounting Research Institute (ARI) of Universiti Teknologi Mara (UiTM). The framework aims to provide suitable guidance for Islamic institutions in comparison with mainstream CSR which is based on Western practices. The development of the i-CSR framework is part of and the ultimate goal of a research project under the Islamic finance and muamalat domain.