Seybold Report ISSN: 1533-9211
Mahmood Abushareah, Ismail Y. Yamin, Ohoud Abdel Hafiez Khasawneh, Marwa Moufeed Abdallah Waher, Nahed Habis Alrawashedh
Vol 18, No 1 ( 2023 ) | Licensing: CC 4.0 | Pg no: 142-155 | Published on: 28-02-2023
Abstract
Considering corporate social responsibility is a multi-dimensional notion that must be measured across many businesses and service areas, it is challenging to quantify. Most research has concentrated on measuring one or two characteristics of corporate social responsibility while ignoring others, resulting in an erroneous link between corporate social responsibility and development, this study is aimed to study the role of social responsibility in achieving development during the corona pandemic (covid-19) in Jordanian Islamic banks. The study population consisted of all Jordanian Islamic banks (the main branch) employees with various administrative levels. In contrast, the study sample members were chosen from the random sample, and the number of distributed questionnaires was (200),)158) retrieved, and (143) was valid for statistical analysis. The result showed that there is a statistically significant effect of social responsibility on Jordanian Islamic banks' social and economic development at the level of significance (α ≤ 0.05). The value of the R2 (0.573) indicates that the social responsibility in general explain 57.3% Changes in social and economic development. The recommendation of the study focus on Subjecting the bank’s orientations to the principles of its establishment, and instructing boards of directors and Sharia’h supervisory bodies to follow up on its holistic developmental role that distinguishes it from traditional banks and Encouraging Islamic banks to disclose their social practices through digital indicators that can show the distinction of that bank from the other.
Keywords:
Social Responsibility, Sustainable Development, Jordan.