Public Awareness on Corporate Social Responsibilities of Saudi Islamic Banks

The purpose of this study is to evaluate public awareness on the corporate social responsibilities (CSR) of 11 Islamic retail banks in Saudi Arabia (3 full-pledge Islamic banks and 8 Islamic windows). A survey was conducted using a questionnaire administered to 100 Islamic bank depositors to determine the level of their awareness with regard to the pursuit of the corporate social responsibilities of the banks in terms of various issues. The questionnaire and its components were developed based on the Accounting and Auditing Organization for Islamic Financial Institution’s (AAOIFI) Governance Standard No. 7: Corporate Social Responsibility Conduct and Disclosure for Islamic Financial Institutions. The level of public awareness of the banks’ pursuit of corporate social responsibility is found to be limited in the light of the small number of questionnaire items which the respondents agreed to or of which they had adequate knowledge. The level of public awareness of the pursuit of corpora