Socio-economic impact of CSR activities of an Islamic Banking: A Case of Islami Bank Bangladesh Limited

This paper examines the practices and driving philosophy of corporate social responsibility (CSR) by Islami Bank in Bangladesh and to evaluate the need to modify CSR program of the organization to enhance its effectiveness. The purpose of the paper is to study the underlying drivers of the CSR program undertaken by the Islami Bank Bangladesh Limited and to explore if the CSR activities are planned as a holistic approach to social development. This study covers a period of 5 years ranging from 2010 – 2014 using secondary data from annual reports of the bank, relevant articles, websites, Bangladesh Bank publications, newspaper, journal and magazines. This study found that the Islami Bank Bangladesh had linked its CSR program as core business strategy to grow business with shared prosperity with its surrounding community. However, it has the improvement opportunity to create a synergy by bundling all its CSR activities as a holistic program. If appropriately planned, such program will promote self-sufficiency, create new jobs and enable economic development under alternative livelihood program as suitable in the locality

Ethical Implications of Public Relations in Bangladesh: Islamic Perspective

This paper aims to examine public relation practices in Bangladesh, weighing its ethical implications from an Islamic perspective and investigates whether it comply with Islam’s ethical specifications to facilitate Muslim Marketer’s thoughts and practices. The paper uses Qur’an (Chapter 3, Verse 103) as a theoretical framework to critically evaluate relevant information to ascertain the extent of ethical legitimacy of promotional strategies used in public relations in Bangladesh. It cites relevant references from Qur’an and Sunnãh as interpretive evidences and methodology. Islam puts stress on institutionalizing ethics in every aspects of Business. This complete code of life strongly recommends Muslims to do business which should certainly be in the ethical framework guided by Shari’ah. The existing public relation strategies in Bangladesh are ethically dubious. Undue influence, exertion of too much political power, flattering, fabrication, falsehood, and bribery are very much common practices done by the corporations to build favorable public relations. No ways are these in compliance with Islamic Ethical Values. This paper suggests the necessity for further research into the ethical dimensions of business practices in Bangladesh to promote ethical awareness in the society. This study includes mutual socio-economic and ethical responsibilities among Bangladeshi Marketers to save the society from corruption and moral deterioration

Socio-economic impact of CSR activities of an Islamic Banking: A Case of Islami Bank Bangladesh Limited

This paper examines the practices and driving philosophy of corporate social responsibility (CSR) by Islami Bank in Bangladesh and to evaluate the need to modify CSR program of the organization to enhance its effectiveness. The purpose of the paper is to study the underlying drivers of the CSR program undertaken by the Islami Bank Bangladesh Limited and to explore if the CSR activities are planned as a holistic approach to social development. This study covers a period of 5 years ranging from 2010 – 2014 using secondary data from annual reports of the bank, relevant articles, websites, Bangladesh Bank publications, newspaper, journal and magazines. This study found that the Islami Bank Bangladesh had linked its CSR program as core business strategy to grow business with shared prosperity with its surrounding community. However, it has the improvement opportunity to create a synergy by bundling all its CSR activities as a holistic program. If appropriately planned, such program will promote self-sufficiency, create new jobs and enable economic development under alternative livelihood program as suitable in the locality.  JEL Classifications: M 1

Ethical Implications of Public Relations in Bangladesh: Islamic Perspective

This paper aims to examine public relation practices in Bangladesh, weighing its ethical implications from an Islamic perspective and investigates whether it comply with Islam’s ethical specifications to facilitate Muslim Marketer’s thoughts and practices. The paper uses Qur’an (Chapter 3, Verse 103) as a theoretical framework to critically evaluate relevant information to ascertain the extent of ethical legitimacy of promotional strategies used in public relations in Bangladesh. It cites relevant references from Qur’an and Sunnãh as interpretive evidences and methodology. Islam puts stress on institutionalizing ethics in every aspects of Business. This complete code of life strongly recommends Muslims to do business which should certainly be in the ethical framework guided by Shari’ah. The existing public relation strategies in Bangladesh are ethically dubious. Undue influence, exertion of too much political power, flattering, fabrication, falsehood, and bribery are very much common practices done by the corporations to build favorable public relations. No ways are these in compliance with Islamic Ethical Values. This paper suggests the necessity for further research into the ethical dimensions of business practices in Bangladesh to promote ethical awareness in the society. This study includes mutual socio-economic and ethical responsibilities among Bangladeshi Marketers to save the society from corruption and moral deterioration