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2019 | OriginalPaper | Chapter

14. Social Reporting of Egyptian Islamic Banks: Insights from the Post-Revolution Era

Author : Mohamed Nagy Osman

Published in: Financing Sustainable Development

Publisher: Springer International Publishing

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Abstract

This chapter presents a case study exploring the social reporting practices of Egyptian Islamic banks (IBs) following two revolutions in Egypt. The two Egyptian Arab uprisings in 2011 and 2013 threatened the social legitimacy of IBs. Thus, this study aims at investigating the social reporting strategies employed by Egyptian IBs to defend their social legitimacy following two uprisings. The case is framed within legitimacy theory, arising from the notion of a “social contract” between company and society. It adopts content analysis of annual reports and websites, and interviews with different stakeholders, to explore motivations for social reporting in the new era. The findings reveal that Egyptian IBs used different communication strategies to legitimise themselves after the two uprisings; however, they failed to do so. This research concludes with different implications for policy makers in IBs in Egypt and Arab Spring countries.

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previous chapter Public–Private Partnerships as a Mechanism of Financing Sustainable Development
Appendix
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Footnotes
1
Social welfare is promoted through Zakat. It is collected from Muslim individuals and businesses to be paid to the poor and the needy, to enhance community welfare. It is basically a redistribution of wealth (Lewis 2001).
 
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Metadata
Title
Social Reporting of Egyptian Islamic Banks: Insights from the Post-Revolution Era
Author
Mohamed Nagy Osman
Copyright Year
2019
Publisher
Springer International Publishing
Book
Financing Sustainable Development

Print ISBN: 978-3-030-16521-5

Electronic ISBN: 978-3-030-16522-2

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-16522-2_14