Islamic Corporate Social Responsibility investigated

DinarStandard and Dar Al Istithmar have begun gathering data for a first-of-its-kind Corporate Social Responsibility (CSR) survey of Islamic finance institutions.

The objective of the Survey is to benchmark Islamic financial institutions on their social responsibility efforts. The output will be an Islamic Finance CSR Trends Report to be released publicly 31 August 2009. Each institution submitting the survey will also receive a confidential benchmark report that will highlight their performance compared to their peers in aggregate.

The survey's structure is based on the recently released CSR standards by the Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI), which is also an official supporter of the survey. Questionnaires are currently being sent to several hundred executives of Islamic financial institutions. The survey is also available for completion. Deadline for submissions is 21 July 2009.

Link: http://www.cpifinancial.net/v2/News.aspx?v=1&aid=2690&sec=Islamic%20Finance