Islam and Corporate Social Responsibility--A Descriptive Discourse

Abstract The concept of Corporate Social Responsibility (CSR) has gained global attention in recent years as companies increasingly prioritise ethical standards, sustainability, and the overarching effects of their operations on society. Islam, as an all-encompassing lifestyle, offers a well delineated structure for social responsibility, grounded on ethical tenets derived from the Quran and Hadith. The study originates by defining CSR in the context of modern corporate practices, highlighting its importance in promoting sustainable development and social equality. It subsequently explores the fundamental principles of Islam such as charity (zakat), justice (adl), compassion (ihsan), and stewardship (khalifah), which together provide a framework for ethical economic practices. The research employs a descriptive qualitative methodology appropriate for investigating the influence of Islamic principles on corporate social responsibility, since qualitative research enables a comprehensive analysis of textual sources and activities inside the corporate framework. The study elucidates how fundamental Islamic values foster openness, equity, and the well-being of all stakeholders in business ethics. The research contrasts traditional CSR methods with those influenced by Islamic principles, emphasising the potential of an Islamic approach to improve corporate social responsibility. This discourse ultimately highlights the potential for Islamic principles to contribute to a more holistic understanding of CSR that transcends cultural boundaries and fosters greater social responsibility among corporations worldwide.