COMPARATIVE EVALUATION OF SOCIAL RESPONSIBILITY DISCLOSURE AND FINANCIAL PERFORMANCE IN ISLAMIC BANKING
COMPARATIVE EVALUATION OF SOCIAL RESPONSIBILITY DISCLOSURE AND FINANCIAL PERFORMANCE IN ISLAMIC BANKING

Summary/Abstract: THE SOCIAL RESPONSIBILITY OF ORGANIZATIONS IS RELATED TO ISLAM'S EMPHASIS ON ISLAMIC VALUES SUCH AS SOCIAL JUSTICE AND LIFE BALANCE, BY WHICH THE BASIC REQUIREMENTS FOR HUMAN LIFE ARE PROVIDED. ACCORDING TO JURISPRUDENCE AND SHARIAH (ISLAMIC LAW) TEXTS, ISLAM'S MAIN GOAL OF SOCIO-ECONOMIC JUSTICE IS TO ESTABLISH FAIRNESS IN SOCIETY, SO IT IS SAID THAT IN ISLAM THERE IS NO DISCRIMINATION BETWEEN MEMBERS OF SOCIETY, AND JUSTICE AND SECURITY FOR THE LIVES OF MEMBERS OF SOCIETY, THEIR PROPERTY AND WEALTH MUST ALWAYS BE ESTABLISHED. BE SOCIAL JUSTICE PLAYS A VITAL ROLE IN THE DEVELOPMENT OF SOCIETY, BUT IT SHOULD BE SEEN WHETHER THESE PROMISES HAVE BEEN FULFILLED OR IGNORED. IN THIS REGARD, IN THIS ARTICLE, FIRST, THE LEVEL OF SOCIAL-ISLAMIC RESPONSIBILITY OF BANKS IN IRAN IS EXAMINED COMPARED TO WHAT IS EXPECTED AT THE INTERNATIONAL LEVEL, AND THEN, USING THE METHOD OF VARIANCE ANALYSIS, THE RELATIONSHIP BETWEEN THE LEVEL OF DISCLOSURE OF SOCIAL-ISLAMIC RESPONSIBILITY AND FINANCIAL PERFORMANCE BANKS ARE STUDIED. THE RESULTS SHOWED THAT THE BANKS IN IRAN DO NOT ADEQUATELY FULFILL THEIR SOCIAL-ISLAMIC RESPONSIBILITIES, AND THE FULFILLMENT OF THESE RESPONSIBILITIES DOES NOT AFFECT THEIR FINANCIAL PERFORMANCE.

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