The Disclosure of Akhlak Core Values: Social Responsibility Practice PT. Bank Syariah Indonesia Supporting SDG 16
DOI:
https://doi.org/10.63230/jocsis.3.3.289Keywords:
Akhlak Core Values, Corporate Social Responsibility, Islamic Banking, Maqasid Sharia, SDGAbstract
Objective: To examine the disclosure of akhlak core values in corporate social responsibility (CSR) practices at PT Bank Syariah Indonesia. The study highlights how Islamic ethical values contribute to responsible corporate practices and support Sustainable Development Goals (SDGs), particularly SDG 16 related to strengthening accountable and ethical institutions. Method: A quantitative research method using an interpretive paradigm with a phenomenological approach. Data were collected through structured and semi-structured interviews with managers of LAZNAS Bangun Sejahtera Mitra Umat and CSR program beneficiaries. Secondary data were obtained from institutional reports of LAZNAS Bangun Sejahtera Mitra Umat. Data analysis was conducted to understand the meaning and implementation of akhlak core values within CSR activities. Results: The findings reveal that akhlak core values are aligned with universal Islamic values based on the Al-Qur’an and Hadith. The disclosure of these values is reflected through three CSR pillars: educating the people, partnering with the people, and sympathizing with the people. Furthermore, six dimensions of akhlak values were identified: trustworthy, competent, harmonious, loyal, adaptive, and collaborative. Novelty: The study contributes to CSR and Islamic accounting literature by exploring ethical value disclosure as a foundation for sustainable corporate responsibility practices. The findings provide insights into how Islamic ethical principles can strengthen corporate accountability and support sustainable institutional development.
References
Bansal, P., Gao, J., & Qureshi, I. (2014). The extensiveness of corporate social and environmental commitment across firms over time. Organization Studies, 35(7), 949-966. https://doi.org/10.1177/0170840613515564
Burrell, G., & Morgan, G. (2017). Sociological paradigms and organisational analysis. https://doi.org/10.4324/9781315242804
Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons, 34(4), 39-48. https://doi.org/10.1016/0007-6813(91)90005-g
Choi, T. H., & Pae, J. (2011). Business ethics and financial reporting quality: Evidence from Korea. Journal of Business Ethics, 103(3), 403-427. https://doi.org/10.1007/s10551-011-0871-4
Dusuki, A. W., & Abdullah, N. I. (2007). Maqasid al-shari`ah, Maslahah, and corporate social responsibility. American Journal of Islamic Social Sciences, 24(1), 25-45. https://doi.org/10.35632/ajiss.v24i1.415
Forcadell, F. J., & Aracil, E. (2017). European banks' reputation for corporate social responsibility. Corporate Social Responsibility and Environmental Management, 24(1), 1-14. https://doi.org/10.1002/csr.1402
Freeman, R. E., & McVea, J. (2005). A stakeholder approach to strategic management. The Blackwell Handbook of Strategic Management, 183-201. https://doi.org/10.1111/b.9780631218616.2006.00007.x
Ghoniyah, N., & Hartono, S. (2020). How Islamic and conventional bank in Indonesia contributing sustainable development goals achievement. Cogent Economics & Finance, 8(1), 1856458. https://doi.org/10.1080/23322039.2020.1856458
Goulding, C. (2005). Grounded theory, ethnography and phenomenology. European Journal of Marketing, 39(3/4), 294-308. https://doi.org/10.1108/03090560510581782
Gupta, J., & Vegelin, C. (2016). Sustainable development goals and inclusive development. International Environmental Agreements: Politics, Law and Economics, 16(3), 433-448. https://doi.org/10.1007/s10784-016-9323-z
Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing & Accountability Journal, 8(2), 47–77. https://doi.org/10.1108/09513579510146996
Haniffa, R., & Hudaib, M. (2007). Exploring the ethical identity of Islamic banks via communication in annual reports. Journal of Business Ethics, 76, 97–116. https://doi.org/10.1007/s10551-006-9272-7
Hadi, N., & Baihaqi, J. (2020). Is CSR assistance effective for Islamic based community development in Indonesia? IQTISHADIA, 13(2), 282. https://doi.org/10.21043/iqtishadia.v13i2.7911
Hidayat, A. S., Disemadi, H. S., Al-Fatih, S., Maggalatung, A. S., & Yunus, N. R. (2022). Legal obligations of corporate social responsibility as efforts to improve the image of Islamic banking in Indonesia. Samarah: Jurnal Hukum Keluarga dan Hukum Islam, 6(2), 775. https://doi.org/10.22373/sjhk.v6i2.12455
Hörisch, J., & Schaltegger, S. (2019). Business, the natural environment, and sustainability. The Cambridge Handbook of Stakeholder Theory, 132-144. https://doi.org/10.1017/9781108123495.008
Intan Apsari, P., Setiyowati, A., & Huda, F. (2022). Implementation of synergy of Zis fund management in sharia banking and zakat management organizations (Opz) for strengthening the zakat ecosystem. Perisai : Islamic Banking and Finance Journal, 6(1), 1-16. https://doi.org/10.21070/perisai.v6i1.1590
Irawan, F., & Muarifah, E. (2020). Analisis penerapan corporate social responsibilty (Csr) dalam perspektif sharia enterprise theory. Minhaj: Jurnal Ilmu Syariah, 1(2), 149-178. https://doi.org/10.52431/minhaj.v1i2.309
Kamla, R., Gallhofer, S., & Haslam, J. (2006). Islam, nature and accounting: Islamic principles and the notion of accounting for the environment. Accounting Forum, 30(3), 245–265. https://doi.org/10.1016/j.accfor.2006.05.003
Kshetri, N. (2015). Success of crowd-based online technology in fundraising: An institutional perspective. Journal of International Management, 21(2), 100-116. https://doi.org/10.1016/j.intman.2015.03.004
Laksito, H. (2020). Pengaruh karakteristik komite audit terhadap pengungkapan etika sukarela Dan implikasi terhadap harga saham. Fokus Ekonomi : Jurnal Ilmiah Ekonomi, 15(2), 335-352. https://doi.org/10.34152/fe.15.2.335-352
Muhamad, R., Abd. Sukor, M. E., & Muwazir@Mukhazir, M. R. (2008). Corporate social responsibility: An Islamic perspective. Asian Journal of Accounting Perspectives, 1(1), 43-56. https://doi.org/10.22452/ajap.vol1no1.4
Nanda Pratiwi, D., Setiyowati, A., & Huda, F. (2023). Quality of corporate social responsibility (CSR) services at bank Syariah Indonesia (BSI) in 2021 in the perspective of Islamic social reporting (ISR) index and Maqashid Syariah index (MSI). Perisai : Islamic Banking and Finance Journal, 7(2), 198-217. https://doi.org/10.21070/perisai.v7i2.1643
Noviaristanti, S., & Boon, O. H. (2022). Sustainable future: Trends, strategies and development. https://doi.org/10.1201/9781003335832
L., Badawi, A., & Hidayah, N. (2019). Discourses of sustainable finance implementation in Islamic bank (Cases studies in bank Mandiri Syariah 2018). International Journal of Financial Research, 10(6), 108. https://doi.org/10.5430/ijfr.v10n6p108
Persons, O. S. (2009). Audit committee characteristics and earlier voluntary ethics disclosure among fraud and no-fraud firms. International Journal of Disclosure and Governance, 6(4), 284-297. https://doi.org/10.1057/jdg.2008.29
Persons, O. S. (2009). Could investors use voluntary ethics disclosure to assess the likelihood of fraudulent financial reporting? International Journal of Disclosure and Governance, 7(2), 153-166. https://doi.org/10.1057/jdg.2009.24
Salleh, M. J., & Adulpakdee, A. (2012). Causes of conflict and effective methods to conflict management at Islamic secondary schools in Yala, Thailand. المجلة التربوية الدولية المتخصصة, 15. https://doi.org/10.36752/1764-001-001-003
Scholtens, B. (2006). Finance as a driver of corporate social responsibility. Journal of Business Ethics, 68(1), 19-33. https://doi.org/10.1007/s10551-006-9037-1
Simpson, W. G., & Kohers, T. (2002). The link between corporate social and financial performance: Evidence from the banking industry. Journal of Business Ethics, 35(2), 97-109. https://doi.org/10.1023/a:1013082525900
Syamsuri, S., Arif, S., Fedro, A., & Wibisono, V. F. (2020). Critic analysis of responsibility practices of waqf institution: Reason condition from pondok modern Darussalam Gontor. TSAQAFAH, 16(1), 1. https://doi.org/10.21111/tsaqafah.v16i1.3572
Downloads
Published
Issue
Section
License
Copyright (c) 2027 Journal of Current Studies in SDGs
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
