Integrated Reporting From an Islamic Perspective: Analysis of Selected Islamic Banks

In an attempt of addressing the challenges and crises of the 21st century, nowadays, soaring number of companies are publishing CSR and/or Sustainability reports on voluntary basis to enhance and enrich their annual reports. While observing these reports, one may notice very little linkage between the information they include. To have a genuine impact, these separate reports need to be integrated to reflect the firm’s commitment to social responsibility while meeting the expectations of its various stakeholders. Keeping this in mind, in this research, we try to study the phenomenon of Integrated Reporting that has emerged as a response to the challenges of the current world. The study is done by analyzing the different reporting practices, the circumstances that led to the emergence of Integrated Reporting, as well as Islamic perspective of it. By applying content analysis method, the research provides empirical evidences from practices of conventional financial institutions to propose modified framework for Islamic banks and identifies their level of compliance with the proposed framework. Finally, the research concludes with analyzing attained results. We hope that this study and its findings will promote future discussions, research and policy development in the coming future.